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 Kaynaklar?: 83 Rus Bölgesi

Özet

Endojen büyüme teorisine göre, teknolojiler ekonomik kalk?nmada kilit bir rol oynamaktad?r. Dijital teknolojiler, yeni inovasyonlar yaratan yenilikler olarak ekonomik faaliyetleri de?i?tirmekte ve ekonomik büyüme için yeni f?rsatlar yaratmaktad?r. Dijitalle?me belirli ekonomik maliyetleri azaltmaya yard?mc? olur, i?in do?as?n? de?i?tirir. Ayr?ca eme?in sermaye ile ikame edilmesine neden olur. Çal??ma, bölgesel kalk?nman?n özelliklerini karakterize etmeye ve ekonomik büyümenin dijital belirleyicilerini de?erlendirmeye ayr?lm??t?r. Pandemi ?oklar?n?n etkisi alt?nda ekonomik dinamiklerdeki de?i?iklikler nedeniyle 2020 ve 2021 y?llar?n? örneklem d???nda b?rakarak 2009-2019 döneminde 83 bölgeden bir veri örne?i kulland?k. Ekonometrik tahminler, tek yönlü panel veri modellerine dayal? en küçük kareler ve uygulanabilir bir genelle?tirilmi? en küçük kareler yöntemi kullan?larak elde edilmi?tir. Üniversite ö?rencisi say?s?n?n, inovasyon maliyetlerinin ki?i ba??na gayrisafi bölgesel has?lan?n büyüme oran? üzerinde istatistiksel olarak anlaml? bir etkisi bulunmu?tur. Verilen patent say?s? ve kurulu?un internet kullan?c? say?s?n?n bölgesel kalk?nma üzerindeki etkisi do?rulanmam??t?r. Çal??man?n sonuçlar?, teknolojik e?itsizli?i azaltmak, makroekonomik istikrar?, yüksek nitelik ve teknoloji seviyesini güçlendirmek için devlet bilim ve yenilik politikas?n?n gereklili?ini vurgulamaktad?r. Daha ileri ara?t?rmalar?n yönü, siyasi ve ekonomik kurumlar?n kalitesini ölçen gösterge sisteminin olu?turulmas? 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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