Regional Economics: Theory and Practice
 

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Digital technology as a crucial resource to ensure the economic growth of regions

Vol. 17, Iss. 5, MAY 2019

Received: 2 April 2019

Received in revised form: 9 April 2019

Accepted: 17 April 2019

Available online: 16 May 2019

Subject Heading: THEORY OF REGIONAL ECONOMY

JEL Classification: С40, С50, D80, Q30, R58

Pages: 804–817

https://doi.org/10.24891/re.17.5.804

Grachev S.A. Vladimir State University named after Alexander and Nikolay Stoletovs (VlSU), Vladimir, Russian Federation
grachev-80@yandex.ru

https://orcid.org/0000-0002-6056-5527

Donichev O.A. Vladimir State University named after Alexander and Nikolay Stoletovs (VlSU), Vladimir, Russian Federation
donoa@vlsu.ru

https://orcid.org/0000-0002-8756-3775

Levizov A.S. Vladimir State University named after Alexander and Nikolay Stoletovs (VlSU), Vladimir, Russian Federation
levizov@yandex.ru

https://orcid.org/0000-0002-5329-7915

Subject This article analyzes the processes of using digital technologies in the economy in the Russian Federation and Central Federal District regions.
Objectives The article aims to develop a methodology for assessing the impact of the special digital software used in the regions on the gross regional product of the Central Federal District subjects and their socio-economic development level. As well, it aims to determine areas to improve the State regional policy on reduction of differentiation in the regions' development.
Methods For the study, we used the methods of correlation and regression, and statistical analyses, and economic and mathematical methods.
Results The article shows the digital technology strength of influence on the amount of GRP.
Conclusions and Relevance The article notes the variation of the degree of dependence of the gross regional product on various special digital programs. The number of digital technologies used by regions significantly affects the GRP. The developed model presented can be used by authorities, management and business for planning and forecasting at the regional level.

Keywords: digital technology, economic growth, resource, information software

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