Digitalization and its impact on economic growth
Ariadna Aleksandrova, Yuri Truntsevsky, MARINA POLUTOVA
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.
Topics & Concepts
Gross domestic productIndex (typography)Per capitaDigital transformationPopulationProduct (mathematics)Psychological resilienceReal gross domestic productPopulation growthResilience (materials science)Economic indicatorBusinessEconomicsEconomic growthDevelopment economicsPolitical scienceEconometricsMathematicsMacroeconomicsComputer scienceDemographySociologyPhysicsWorld Wide WebPsychologyLawGeometryThermodynamicsPsychotherapistSocioeconomic and Demographic AnalysisEconomic and Technological Developments in RussiaEconomic Development and Digital Transformation