Industry 4.0-Specific Intellectual Capital and Its Impact on Human Capital and Value Added: Evidence from Russian Regions

Ilia M. Chernenko (), Natalya R. Kelchevskaya and Irina S. Pelymskaya
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Ilia M. Chernenko: Ural Federal University
Natalya R. Kelchevskaya: Ural Federal University
Irina S. Pelymskaya: Ural Federal University

A chapter in Digital Transformation in Industry, 2021, pp 165-181 from Springer

Abstract: Abstract The paper aims to study the impact of systemic digitalization, reflected in the Industry 4.0 trend, on the creation of intellectual capital and value added in the regions of Russia. The methodology is based on regression analysis and comparison of statistical data to assess the regional impact of Industry 4.0-specific intellectual capital on the gross regional product and wages in Russian companies. The authors used official data from Rosstat and Higher School of Economics statistical databases on human capital and digitalization. The results of the study show that, on the one hand, digitalization in general and the components of Industry 4.0-specific intellectual capital make a moderate and significant contribution to the value added and revenue of manufacturing and service companies in Russian regions. On the other hand, the authors did not find a significant contribution of Industry 4.0 and digitalization in general to the differentiation of wages of Russian employees in comparison with traditional elements of human capital, such as education and work experience. The originality of the study lies in the fact that the authors developed a theory of Industry 4.0-specific intellectual capital, which can explain the creation of value added and returns from human capital at the level of regional enterprise ecosystems. The authors also propose models that support the assessment of the relationship between the implementation and development of such intellectual capital and the performance of companies.

Keywords: Intellectual capital; Industry 4.0; Russian Regions; Gross regional product; Labor market; Digitalization (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-73261-5_16

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