Влияние цифровизации на экономику России

The impact of digitalization on the Russian economy

Oscar Gasanov

MPRA Paper from University Library of Munich, Germany

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.

Keywords: digital technologies; information and communication technologies; labor productivity; economic growth (search for similar items in EconPapers)
JEL-codes: E22 E24 O33 (search for similar items in EconPapers)
Date: 2022-06-16, Revised 2022-06-30
New Economics Papers: this item is included in nep-cis
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Published in Finance and Credit 7.28(2022): pp. 1534-1553

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