Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth

Introduction. The scientific problem under consideration is of particular relevance due to the need to assess the impact of the factors in the digital transformation of the regional economy and in the economic growth on the economic development of the regions of the Russian Federation. Based on the...

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Autores principales:	Tatyana V. Mirolubova, Marina V. Radionova
Formato:	article
Lenguaje:	RU
Publicado:	National Research Mordova State University 2021
Materias:	regional economy digital transformation digital economy information and communication technology econometric modeling Education L
Acceso en línea:	https://doaj.org/article/2b6739b917ed47b384fb2417a7fc4e63
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spelling	oai:doaj.org-article:2b6739b917ed47b384fb2417a7fc4e632021-12-02T17:29:29ZAssessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth10.15507/2413-1407.116.029.202103.486-5101991-94682308-1058https://doaj.org/article/2b6739b917ed47b384fb2417a7fc4e632021-09-01T00:00:00Zhttps://regionsar.ru/en/node/1967https://doaj.org/toc/1991-9468https://doaj.org/toc/2308-1058Introduction. The scientific problem under consideration is of particular relevance due to the need to assess the impact of the factors in the digital transformation of the regional economy and in the economic growth on the economic development of the regions of the Russian Federation. Based on the research conducted, the article presents an econometric assessment of the dependence of the level of the gross regional product per capita in the regions of Russia on such factors as digital labor and digital capital. Materials and Methods. The authors analyzed panel data from the Federal State Statistics Service covering 87 regions of Russia for the period from 2010 to 2018. The research methodology is based on the use of the Cobb–Douglas production function, statistical and correlation data analysis, as well as on econometric methods for studying panel data. Results. To analyze the impact of the digital transformation of the economy on the regional economic growth of the regions of Russia, various models based on panel data have been considered, such as the pooled model, fixed effects models, random effects models, as well as time-varying effects models using dummy variables. Based on statistical criteria, the best model has been chosen and conclusions have been drawn about the nature of the impact of the digital transformation indicators on the gross regional product per capita in the regions of Russia. Discussion and Conclusion. The results of econometric modeling have demonstrated that digital factors in economic growth (digital labor, digital capital), along with common factors in economic growth (labor and capital), affect the regional economic growth. According to the regional data for the period from 2010 to 2018, the time fixed effects model has proved to be the best model of the impact of the factors in economic growth and digital transformation on the economic development of the regions of the Russian Federation. The research results can be used when developing a public policy aimed at stimulating the digital transformation of the regional economy.Tatyana V. MirolubovaMarina V. RadionovaNational Research Mordova State Universityarticleregional economydigital transformationdigital economyinformation and communication technologyeconometric modelingEducationLRUИнтеграция образования, Vol 29, Iss 3, Pp 486-510 (2021)
institution	DOAJ
collection	DOAJ
language	RU
topic	regional economy digital transformation digital economy information and communication technology econometric modeling Education L
spellingShingle	regional economy digital transformation digital economy information and communication technology econometric modeling Education L Tatyana V. Mirolubova Marina V. Radionova Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth
description	Introduction. The scientific problem under consideration is of particular relevance due to the need to assess the impact of the factors in the digital transformation of the regional economy and in the economic growth on the economic development of the regions of the Russian Federation. Based on the research conducted, the article presents an econometric assessment of the dependence of the level of the gross regional product per capita in the regions of Russia on such factors as digital labor and digital capital. Materials and Methods. The authors analyzed panel data from the Federal State Statistics Service covering 87 regions of Russia for the period from 2010 to 2018. The research methodology is based on the use of the Cobb–Douglas production function, statistical and correlation data analysis, as well as on econometric methods for studying panel data. Results. To analyze the impact of the digital transformation of the economy on the regional economic growth of the regions of Russia, various models based on panel data have been considered, such as the pooled model, fixed effects models, random effects models, as well as time-varying effects models using dummy variables. Based on statistical criteria, the best model has been chosen and conclusions have been drawn about the nature of the impact of the digital transformation indicators on the gross regional product per capita in the regions of Russia. Discussion and Conclusion. The results of econometric modeling have demonstrated that digital factors in economic growth (digital labor, digital capital), along with common factors in economic growth (labor and capital), affect the regional economic growth. According to the regional data for the period from 2010 to 2018, the time fixed effects model has proved to be the best model of the impact of the factors in economic growth and digital transformation on the economic development of the regions of the Russian Federation. The research results can be used when developing a public policy aimed at stimulating the digital transformation of the regional economy.
format	article
author	Tatyana V. Mirolubova Marina V. Radionova
author_facet	Tatyana V. Mirolubova Marina V. Radionova
author_sort	Tatyana V. Mirolubova
title	Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth
title_short	Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth
title_full	Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth
title_fullStr	Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth
title_full_unstemmed	Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth
title_sort	assessing the impact of the factors in the digital transformation on the regional economic growth
publisher	National Research Mordova State University
publishDate	2021
url	https://doaj.org/article/2b6739b917ed47b384fb2417a7fc4e63
work_keys_str_mv	AT tatyanavmirolubova assessingtheimpactofthefactorsinthedigitaltransformationontheregionaleconomicgrowth AT marinavradionova assessingtheimpactofthefactorsinthedigitaltransformationontheregionaleconomicgrowth
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Assessing the Impact of the Factors in the Digital Transformation on the Regional Economic Growth

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