Assessment of the Industrial Development Rates of Russian Regions in the Context of the Digitalization of the Economy

Olga Smirnova () and Alena Ponomaryova
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Olga Smirnova: Institute of Economics of the Ural Branch of the Russian Academy of Sciences
Alena Ponomaryova: Institute of Economics of the Ural Branch of the Russian Academy of Sciences

A chapter in Digital Transformation in Industry, 2021, pp 283-290 from Springer

Abstract: Abstract The paper is devoted to the urgent problem of the growth of the regional industrial sector and the development of a methodological toolkit for assessing the level of digitalization of Russia’s regions as compared with the industrial production output. The study examines the aspects of sustainable economic development of industry, considering the development of digital technologies. The industry is a backbone sector of the economy. A drop in the level of industrial production in industrially developed regions of Russia was recorded in 2020. Given the good rates of economic growth of the country in recent years, the current crisis, which is based on non-economic reasons, poses a threat to the development of manufacturing industries. In conditions of instability, support for a digital transformation of the backbone industry of the Russian economy becomes a matter of ensuring its national security. For the progressive and uniform development of digitalization in the real sector, it is necessary to enhance innovation activity in the regional industrial sector. At the same time, the government should share the risks of introducing fundamentally new technology and high technologies with industrial enterprises. In this regard, questions arise about the value that technological innovation brings both to the industrial sector and society as a whole.

Keywords: Digital economy; Regional industrial sector (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnichp:978-3-030-73261-5_26

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DOI: 10.1007/978-3-030-73261-5_26

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