DOI:
10.31063/2073-6517/2019.16-4.8
For citation:
Bartov, O. B., & Tretyakova, E. A. (2019). Theoretical Aspects of the Impact of Information and Communication Technologies on the Socio-Economic Development of Regions. Zhurnal ekonomicheskoj Teorii [Russian Journal of Economic Theory], 16(4), 705-715
Abstract:
The article discusses the impact of information and communication technologies on economic growth in Russian regions. The work is aimed at formalisation of a model applicable for calculating the gross regional product with a production factor presented by information and communication technologies. The objectives of the work involve the explanation of the specifics of the information and communication technologies impact on the socio-economic development of regions, derivation of a model formula and model assessment complemented by the interpretation of the obtained result. Capital and labour related to information and communication technologies represented mathematically as complementary factors to all other capital and labour form the scientific novelty of the study. Based on an analysis of models previously proposed by other authors, a new formula was derived using the least squares method for the assessment of the model approximation trend. The results of the work can be applied in statistical studies of regional economics, as well as in terms of management recommendations for regional and federal authorities. In conclusion, the hypothesis is made considering information and communication technologies as a separate production factor in overcoming existing and potential crisis economic situations in regions, while remaining within the framework of the sustainable development paradigm.