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Models of economic growth of Russia's regions in the age of intellectual machines: technological breakthrough vs. stability and sustainability

Author

Listed:
  • Arsen S. Abdulkadyrov
  • Magomed Kh. Abidov
  • Stanislav Yu. Evdokimov
  • Viktor N. Kvasnitsky
  • Suren Khachaturian

Abstract

This paper aims at determining the models of economic growth of Russia's regions in the age of intellectual machines from the positions of consequences of digitalisation in the form of technological breakthrough, stability, and sustainability. By the example of Russia's regions, we determine the models of regions' economic growth in the age of intellectual machines from the positions of opposition of technological breakthrough, stability, and sustainability. It is proved - based on the 2020 official statistics - that the leading and rapidly developing countries (rockets) implement a socio-oriented model, regions with large potential of development (racers) - externally-oriented model, and progressive regions with slow development (parachutists) - technology-oriented model. Contribution of the developed recommendations consists in systematisation of the models of region's economic growth in the age of intellectual machines and in the opportunity for application of the offered recommendations in the practice of Russia's regions.

Suggested Citation

  • Arsen S. Abdulkadyrov & Magomed Kh. Abidov & Stanislav Yu. Evdokimov & Viktor N. Kvasnitsky & Suren Khachaturian, 2024. "Models of economic growth of Russia's regions in the age of intellectual machines: technological breakthrough vs. stability and sustainability," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 19(3/4), pages 322-332.
    • Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:322-332
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