Tools for studying the digital development rates of economic systems at country and region level

Cover Page

Cite item

Full Text

Abstract

National economy digitalization is a powerful economic growth engine and one of the key areas for developing and maintaining the competitiveness of the state. Digital economy potential lies in accelerating the pace of economic development of enterprises, industries, regions and countries, and in improving in living standards. Under the conditions of digitalization, a tool for assessing the pace of economic system development at the country, region, industry and enterprise level becomes a source of competitive advantages. Therefore, the relevance of the study is evident. The purpose of the study is to develop tools for studying digital development rates at country and region level. The database of the study was represented by the proceeding of well-known foreign and Russian scientists and statistical data on the main indices of the US and Chinese stock markets. The methodological base was represented by the ISPI (Information System Portfolio Investor) digital model. The effectiveness of the obtained results was verified using the PRM (Profitability-Risk model) tool. The result of the study was an analysis of digital development rates at the country level by the case of the United States and China. The analysis was based on the calculation of the main parameters of the portfolio theory: expected return, risk level, return-to-risk ratio. Scatterplots were constructed for the main US and Chinese stock market indices based on the fitted data. They show the mutual distribution of groups of main indices and allow to determine the most promising areas for investment, including digital development. The findings confirm the possibility of using the proposed tools to determine the most attractive sectors for investment in the world stock markets and countries, and/or countries and regions that need investment for their development, including digital one. The introduction of the proposed tools into practice at the enterprise, industry, region and country level will contribute to the further development of the digitalization in all aspects of society at the enterprise, industry, region and country level.

About the authors

Nina M. Baranova

RUDN University

Author for correspondence.
Email: baranova_nm@pfur.ru
ORCID iD: 0000-0002-7201-9435

PhD in Pedagogical Science, Associate Professor, Economic and Mathematical Modeling Department

6 Miklukho-Maklaya St, Moscow, 117198, Russian Federation

Sergey N. Larin

Central Economics and Mathematics Institute of Russian Academy of Science (CEMI RAS)

Email: larinsn@cemi.rssi.ru
ORCID iD: 0000-0001-5296-5865

Candidate of Technical Sciences, Leading Researcher at the Laboratory of Simulation Modeling of the Interaction of Economic Objects

47 Nakhimovsky prospect, Moscow, 117418, Russian Federation

Olga Yu. Basharina

Ural State University of Economics; Matrosov Institute for System Dynamics and Control Theory of Siberian Branch of the Russian Academy of Sciences

Email: basharinaolga@mail.ru
ORCID iD: 0000-0002-7151-782X

Candidate of Technical Sciences, Associate Professor of the Department of Business Informatics, Ural State University of Economics. Researcher, Laboratory of Parallel and Distributed Computing Systems, Matrosov Institute for System Dynamics and Control Theory of Siberian Branch of the Russian Academy of Sciences

62/45 8 March St / Narodnaya Volya St, Yekaterinburg, 620144, Russian Federation; 134 Lermontova St, Irkutsk, 664033, Russian Federation

References

  1. Alexandrova, T.V. (2019). Digital divide regions of Russia: causes, score, ways of overcoming. Journal of Economy and Business, (8), 9–12. (In Russ.). https://doi.org/10.24411/24110450-2019-11101
  2. Asochakov, Yu.V. (2015). “Digital liberalization”, “Digital divide” and Cyber-skepticism. Vestnik St. Petersburg University, 12(2), 93–99 (In Russ.).
  3. Basova, Е.А. (2021). Digital Inequality in Russian Regions: Current Problems and Ways to Overcome. Territorial development issues, 9(4), (In Russ.). https://doi.org/10.15838/ tdi.2021.4.59.4
  4. Belyatskaya, T.N., & Knyazkova, V.S. (2019). Digital gap in modern information society. Economics today, (10), 209–217 (In Russ.).
  5. Derevtsova, I.V., Vnukova, Ya.A., Golovashchenko, E.A., & Denisevich, D.D. (2021). The problem of digital inequality in the regions of Russia as a threat to economic security. Baikal Research Journal, 12(2), (In Russ.). https://doi.org/10.17150/2411- 6262.2021.12 (2).20.
  6. Gercekovich, D.A., & Babushkin, R.V. (2019). Dynamic portfolio analysis of stock indices. The world of economy and management, 19(4), 14–30 (In Russ.).
  7. Gercekovich, D.A. (2017). Construction of optimal investment portfolio based on efficient portfolios complex. Moscow University Economics Bulletin, 5, 86–101 (In Russ.).
  8. Gercekovich, D.A., Gorbachevskaya, E.Yu., & Shilnikova, I.S. (2021). Identification of basic criteria of portfolio analysis based on the rolling verification principle. 1st Int. Conf. Workshop on AICTS 2020, May, 2021, 57–63. doi: 10.47350/AICTS.2020.06.
  9. Gladkova, A.A., Garifullin, V.Z., & Ragnedda, M. (2019). Model of three levels of the digital divide: current advantages and limitations (as exemplified by the republic of Tatarstan). Moscow University Economics Bulletin, (4), 41–72. (In Russ.). https://doi.org/10.30547/ vestnik.journ.4.2019.4172
  10. Klimovitskiy, S.V., & Osipov, G.V. (2019). Digital inequality and its social consequences. Humanities, Socio-Economics and Social Sciences, (2), 47–51 (In Russ.).
  11. Kryshtanosov, V. (2020). Digital economy: uptoday trends, dynamics of development, challenges. Proceedings of BSTU: Economics and Management, (1), 13–30. (In Russ.).
  12. Lai, J., & Widmar, N.O. (2021). Revisiting the Digital Divide in the COVID-19 Era. Applied economic perspectives and policy, 43(1), 458–464.
  13. Markowitz, H.M. (1952). Portfolio selection. Journal of Finance, 7(1), 77–91.
  14. Murthy, K.V.B., Kalsie, A., & Shankar, R. (2021). Digital economy in global perspective: is there a digital divide? Transnational Corporations Review, 13(1), 1–15. https://doi.org/10.1080/ 19186444.2020.1871257
  15. Myovella, G., Karacuka, M., & Haucap, J. (2019). Digitalization and economic growth: A comparative analysis of Sub-Saharan Africa and OECD economies. Telecommunications Policy, 44(2), 101856. https://doi.org/10.1016/j.telpol.2019.101856
  16. Ragnedda, M. (2017). The third digital divide: A Weberian approach to digital inequalities. Routledge. https://doi.org/10.4324/9781315606002
  17. Ragnedda, M. (2018). Conceptualizing digital capital. Telematics and Informatics, 3, 2366–2375. https://doi.org///doi.org/10.1016/j.tele.2018.10.006
  18. Ragnedda, M., & Kreitem, H. (2018). The three levels of digital divide in East EU countries. World of Media Journal of Russian Media and Journalism Studies, 1(4), 5–27. https://doi.org/10.30547/worldofmedia.4.2018.1
  19. Smirnova, O.V. (2017a). The peculiarities of digital divide in the national context of the countries of the CIS. Age of Information, (2), 237–238 (In Russ.).
  20. Smirnova, O.V. (2017b). Digital divide in CIS countries: relevant approaches to the analysis of the situation. Media@lmanach, (6), 26–33 (In Russ.).
  21. Szeles, M.R. (2018). New insights from a multilevel approach to the regional digital divide in the European Union. Telecommunications Policy, 42(6), 452–463.
  22. Van, Deursen, A., & Van, Dijk J. (2019). The first-level digital divide shifts from inequalities in physical access to inequalities in material access. New Media & Society, 21(2), 354–375. https://doi.org///doi.org/10.1177/1461444818797082
  23. Van, Dijk J. (2020). The digital divide. John Wiley & Sons, 208 p.
  24. Vartanova, E.L., & Gladkova, A.A. (2021). Digital divide, digital capital, digital inclusion: dynamics of theoretical approaches and political decisions. Moscow University Journalistic Bulletin, (1), 3–29. (In Russ.). https://doi.org/10.30547/vestnik.journ.1.2021.329
  25. Wilde, D.J. (1964). Optimum seeking methods. Prentice-Hall, 202 p.
  26. Zherebin, V.M., & Makhrova, O.N. (2015). The digital divide between generations. Finance, Economics, Strategy, (4), 5–9 (In Russ.).

Copyright (c) 2023 Baranova N.M., Larin S.N., Basharina O.Y.

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.