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Mutual Influence of a Smart City and the High-Tech Sector of the Economy

Author

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  • E. A. Kostina

    (Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences)

  • A. V. Kostin

    (Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences
    Novosibirsk National Research State University)

Abstract

An important direction of state policy is the creation of an effective innovation environment and the sustainable development of high-tech and knowledge-intensive companies. A significant factor in its implementation is the urban environment with which most companies interact. Within the framework of the departmental project Smart City and the federal project Formation of a Comfortable Urban Environment, efforts are being made to create modern smart cities. A smart city generates demand for high-tech products and knowledge-intensive services and incentivizes their supply. The formation of a smart, comfortable, and high-tech environment and openness to new technologies should incentivize the organization and growth of high-tech companies, as well as development of an efficient innovation environment. A smart city supports the creation of places for the exchange of innovations, such as technology parks, business incubators, etc. At the same time, the presence of a large number of high-tech companies should intensify the use of digital technologies and the Internet of Things in the urban environment. It is important that the technologies being developed and implemented are relevant and easily applicable. This study is aimed at assessing the mutual influence of high-tech and knowledge-intensive companies (HTKICs) and smart cities. The theoretical basis is a modified triple helix model. An analysis using econometric methods showed that in cities with populations over 1 mln, highly digitized municipal services and urban environment has a positive effect on the development of HTKICs.

Suggested Citation

  • E. A. Kostina & A. V. Kostin, 2024. "Mutual Influence of a Smart City and the High-Tech Sector of the Economy," Regional Research of Russia, Springer, vol. 14(1), pages 50-60, March.
    • Handle: RePEc:spr:rrorus:v:14:y:2024:i:1:d:10.1134_s2079970523600385
    DOI: 10.1134/S2079970523600385
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