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Влияние Цифровизации На Экономику России
[The impact of digitalization on the Russian economy]

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  • Gasanov, Oscar

Abstract

Subject. The development of digital technologies and their impact labor productivity and economic growth in the country. Objectives. Measuring the impact of digital technologies on labor productivity and economic growth in Russia. Methodology and Data.The regression estimation was carried out by the Two-Stage Least Square method. Information and communication technology (ICT) expenditures and investment in assets aimed at purchasing ICT equipment were used as input variables. In line with previous authors' research, the regression equation is supplemented with measures of change in the ICT sector: ICT infrastructure extent, ICT usage, and ICT consumer empowerment. The data of Rosstat, the Bank of Russia and the International Data Corporation were used. Results. Our results indicate the presence of common properties of ICT development on labor productivity and economic growth. The statistically significant impact of ICT Spending and Investment of ICT was found on labor productivity and economic growth. The influence of ICT infrastructure development indicators on the studied variables is insignificant. ICT usage and empowerment are not statistically significant. The positive impact of the growth of ICT Spending and ICT Investments on Labor productivity and Economic growth in Russia has been established. However, the hypothesis about the positive impact of ICT infrastructure development on these indicators is not confirmed.

Suggested Citation

  • Gasanov, Oscar, 2022. "Влияние Цифровизации На Экономику России [The impact of digitalization on the Russian economy]," MPRA Paper 119772, University Library of Munich, Germany, revised 30 Jun 2022.
    • Handle: RePEc:pra:mprapa:119772
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    References listed on IDEAS

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    1. Christian Dahl & Hans Kongsted & Anders Sørensen, 2011. "ICT and productivity growth in the 1990s: panel data evidence on Europe," Empirical Economics, Springer, vol. 40(1), pages 141-164, February.
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    More about this item

    Keywords

    digital technologies; information and communication technologies; labor productivity; economic growth;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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