Maxim V. Vlasov (Institute of Economics of the Ural Branch of the Russian Academy of Sciences, Ural Federal University, RUSSIA).
Disciplinary: Digital Economy, Sustainable Development, Innovation Management.
Keywords: Digital economy; Economic security; Correlation analysis; Socio-economic development differentiation; Information and communication technologies; Internet; Technology risk; Economic dynamics; Uncertainty; Decision-making; Society Readiness Index.
In the progressing socio-economic development, digitalization has become of special significance in the economy. The risks and threats are inherent in the introduction of innovative technologies that impact digitalization on economic security. Based on Russian regions statistics 2014-2020, we made a correlation analysis, to prove the development of digital technologies that determines the dynamics of the economic security level. The assumption is that the digital economy development causes higher economic security levels in regions. The research conjoint assumption is that the digital economy development preconditions the economic development in the regions. We found a direct relationship between gross regional product (GRP) per capita and the dynamics of costs for information and communication technologies, investments in fixed assets to purchase information technology, computer, and telecommunication facilities, a number of Internet organization users, share of people who use the Internet to order goods, works, and/or services. In most cases, the correlation coefficients are higher than 0.9 indicating very high direct relationships. We differentiated the digitalization factors influencing economic security levels. This study finds a direct positive relationship between the dynamics of costs for information and communication technologies and GRP. There is an inverse relationship between the index of readiness of regions for the information society. The higher values of the index cause higher levels of economic security give correlation coefficient values close to 1 indicating a strong relationship.
Paper ID: 12A4P
Cite this article:
Vlasov, M. V. (2021). Regional Economic Security in Innovative Digital Environment of Russia. International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 12(4), 12A4P, 1-11. http://doi.org/10.14456/ITJEMAST.2021.79