Sources of Endogenous Economic Growth in 83 Russian Regions

Abstract

According to the theory of endogenous growth, technologies play a key role in economic development. Digital technologies, as innovations that create new innovations, change economic activity and create new opportunities for economic growth. Digitalization helps to reduce specific economic costs, changes the nature of work. It also causes the substitution of labor with capital. The study is devoted to characterizing the features of regional development and evaluate digital predictors of economic growth. We used a sample of data from 83 regions in the period 2009-2019, excluding from the sample years 2020 and 2021 because of changes in economic dynamics under the influence of pandemic shocks. Econometric estimates are obtained using least squares and a feasible generalized least squares method based on unidirectional panel data models. A statistically significant influence of the number of university students, innovation costs on the growth rate of gross regional product per capita was found. The impact of the number of granted patents and the number of Internet users of the organization on the regional development was not confirmed. The results of the study emphasize the necessity of state science and innovation policy to reduce technological inequality, strengthen macroeconomic stability, high level of qualifications and technologies. The direction of further research can be the creation of indicator system measuring the quality of political and economic institutions.

Endojen Ekonomik Büyümenin Kaynakları: 83 Rus Bölgesi

Özet

Endojen büyüme teorisine göre, teknolojiler ekonomik kalkınmada kilit bir rol oynamaktadır. Dijital teknolojiler, yeni inovasyonlar yaratan yenilikler olarak ekonomik faaliyetleri değiştirmekte ve ekonomik büyüme için yeni fırsatlar yaratmaktadır. Dijitalleşme belirli ekonomik maliyetleri azaltmaya yardımcı olur, işin doğasını değiştirir. Ayrıca emeğin sermaye ile ikame edilmesine neden olur. Çalışma, bölgesel kalkınmanın özelliklerini karakterize etmeye ve ekonomik büyümenin dijital belirleyicilerini değerlendirmeye ayrılmıştır. Pandemi şoklarının etkisi altında ekonomik dinamiklerdeki değişiklikler nedeniyle 2020 ve 2021 yıllarını örneklem dışında bırakarak 2009-2019 döneminde 83 bölgeden bir veri örneği kullandık. Ekonometrik tahminler, tek yönlü panel veri modellerine dayalı en küçük kareler ve uygulanabilir bir genelleştirilmiş en küçük kareler yöntemi kullanılarak elde edilmiştir. Üniversite öğrencisi sayısının, inovasyon maliyetlerinin kişi başına gayrisafi bölgesel hasılanın büyüme oranı üzerinde istatistiksel olarak anlamlı bir etkisi bulunmuştur. Verilen patent sayısı ve kuruluşun internet kullanıcı sayısının bölgesel kalkınma üzerindeki etkisi doğrulanmamıştır. Çalışmanın sonuçları, teknolojik eşitsizliği azaltmak, makroekonomik istikrarı, yüksek nitelik ve teknoloji seviyesini güçlendirmek için devlet bilim ve yenilik politikasının gerekliliğini vurgulamaktadır. Daha ileri araştırmaların yönü, siyasi ve ekonomik kurumların kalitesini ölçen gösterge sisteminin oluşturulması olabilir.

Prof. Dr. Nailya Bagautdinova (Kazan Federal University, Kazan, Russia)
0000-0003-3959-7134  nailya.mail@mail.ru

Ph.D. candidate Ekaterina Kadochnikova (Kazan Federal University, Kazan, Russia)
0000-0003-3402-1558  kad-ekaterina@yandex.ru

Submitted on: 2023-10-01 Accepted on: 2024-07-16

Year:2024 - Volume:3 Issue:2 Pages: 1-7

DOI: https://doi.org/10.36880/J03.2.0124

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APA style citation: Bagautdinova, N. , & Kadochnikova, E. (2024). Sources of Endogenous Economic Growth in 83 Russian Regions. Journal of Eurasian Economies, 3(2), 1-7.

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