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September 2022 (published: 27.09.2022)
Number 3(50)
Home > Issue > Assessment of the impact of the technological nature of the regional economy
on the dynamics of its development
Shirokova E.Yu. , Leonidova E.G.
Global technological trends in the development of the economy indicate the growth of digitalization and informatization of all its branches. With the advent of the coronavirus pandemic, the use of new technologies has made it possible to save jobs and minimize losses in mobility of movement for the population. Determining the contribution of technological development to economic growth is an urgent task due to the emergence of new technologies that affect logistics, the speed of information transfer and the ongoing structural transformations of socio-economic systems. The article reveals the influence of the level of technological development of the region's industries on its economy. Using the example of the Vologda Oblast, according to the data from 2007 to 2019, statistically significant indicators of technological development were identified that directly affect its per capita gross regional product. An assessment of the impact in a region with a zero share of extractive industries in the structure of the economy will reveal the level of influence of the technological effectiveness of manufacturing industries on GRP. A significant influence of two indicators was found: the share of public roads of regional or inter-municipal significance and the level of digitalization of the local telephone network in urban areas. Linear and nonlinear econometric models were constructed, as a result of comparison of which the latter was recognized as better and more accurately reflecting the dynamics of the initial statistical data. It is proved that the level of digitalization of the city telephone network has a stronger impact on the GRP per capita of the region, but due to the fact that this indicator has already reached 99.6% in the region, executive authorities should pay attention to the expansion of the road network for the economic growth of the Vologda region. The obtained results allowed us to prove the direct influence of the level of technological development of the region's industries on its economy.
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Keywords: regional economy, impact assessment, technological development, econometric model, Vologda Oblast.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 332.1
Assessment of the impact of the technological nature of the regional economy
on the dynamics of its development
Global technological trends in the development of the economy indicate the growth of digitalization and informatization of all its branches. With the advent of the coronavirus pandemic, the use of new technologies has made it possible to save jobs and minimize losses in mobility of movement for the population. Determining the contribution of technological development to economic growth is an urgent task due to the emergence of new technologies that affect logistics, the speed of information transfer and the ongoing structural transformations of socio-economic systems. The article reveals the influence of the level of technological development of the region's industries on its economy. Using the example of the Vologda Oblast, according to the data from 2007 to 2019, statistically significant indicators of technological development were identified that directly affect its per capita gross regional product. An assessment of the impact in a region with a zero share of extractive industries in the structure of the economy will reveal the level of influence of the technological effectiveness of manufacturing industries on GRP. A significant influence of two indicators was found: the share of public roads of regional or inter-municipal significance and the level of digitalization of the local telephone network in urban areas. Linear and nonlinear econometric models were constructed, as a result of comparison of which the latter was recognized as better and more accurately reflecting the dynamics of the initial statistical data. It is proved that the level of digitalization of the city telephone network has a stronger impact on the GRP per capita of the region, but due to the fact that this indicator has already reached 99.6% in the region, executive authorities should pay attention to the expansion of the road network for the economic growth of the Vologda region. The obtained results allowed us to prove the direct influence of the level of technological development of the region's industries on its economy.
Read the full article
Keywords: regional economy, impact assessment, technological development, econometric model, Vologda Oblast.
DOI 10.17586/2310-1172-2022-17-3-119-127