Digitalization and its impact on economic growth

Author:

ALEKSANDROVA ARIADNA1ORCID,TRUNTSEVSKY YURI2ORCID,POLUTOVA MARINA3ORCID

Affiliation:

1. Peter the Great St. Petesburg Polytechnic University, Russia Federation

2. Institute of Legislation and Comparative Law under the Government of the Russian Federation, Russian Federation

3. Zabaykalskiy State University, Russian Federation

Abstract

ABSTRACT Digitalization transforms the traditional concepts of economic growth and competitiveness. This article studies the effect of digitalization on Russia’s economic growth. As indicators measuring the impact of digitalization processes on economic growth, the study used the Gross Domestic Product per capita, the Global Competitiveness Index, the Index of Digital Life, the Digital Adoption Index, and the Resilience Index. Their in-depth examination based on a three-pronged model showed that the state of the macroenvironment and the readiness of the population for digital transformation do not allow digital technologies to affect the economic growth rate seriously.

Publisher

FapUNIFESP (SciELO)

Subject

Political Science and International Relations,General Economics, Econometrics and Finance,Sociology and Political Science

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