Economic development in the digital age

Экономическое развитие в цифровую эпоху

Alexander Abroskin, Zaitsev, Yury (Зайцев, Юрий) (), Georgy Idrisov, Alexander Knobel and Ponomareva, Ekaterina (Пономарева, Екатерина) ()
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Zaitsev, Yury (Зайцев, Юрий): The Russian Presidential Academy of National Economy and Public Administration
Ponomareva, Ekaterina (Пономарева, Екатерина): The Russian Presidential Academy of National Economy and Public Administration

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The key element of technological progress at the end of the 20th century was the computerization of industrial production and other sectors of the economy, which was replaced by digitalization at the beginning of the 21st century. The basis of digitalization is based on more complex technologies, not always related to the telecommunications sector, capable of significantly changing the processes of interaction between economic agents and the methods of organizing production. According to the authors, due to the lack of a single internationally recognized definition and methodology for assessing the digital economy, inter-country and intertemporal comparisons of the contribution of the digital sector to GDP are difficult. The paper presents estimates according to which the size of the digital economy in Russia ranges from 1 to 3.7% of GDP, and analyzes the complexity of correctly estimating the growth rate of well-being as a result of digitalization. The report also analyzes the impact of digitalization on various macroparameters of the economy, taking into account the interests of all economic agents.

Pages: 88 pages
Date: 2019-01
New Economics Papers: this item is included in nep-cis and nep-pay
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