Impact of Broadband Internet on the Economic Growth of the Russian Regions

DOI

10.2991/aebmr.k.200114.006How to use a DOI?

Keywords

regression model, Cobb-Douglas production function, economic growth, broadband Internet, regression model of economic growth by R. Solow, regional economy

Abstract

The role of digital economy factors in economic growth is of special interest today. One of the mechanism of their impact is the broadband Internet, including information-legal platforms, web-sites, and social networks. Advancement of the broadband Internet facilitates digital transformation and forming economic links. To develop digital economy in the Russian regions it is essential to research the broadband Internet and check the hypothesis of the presence and character of its impact on economic growth. The article presents a review of scientific results which confirm the presence of the broadband Internet impact on economic growth of the Russian regions. To estimate the impact of the broadband Internet on economic growth of the Russian regions, the authors used the regression model of economic growth by R. Solow, based on Cobb-Douglas production function, introducing the broadband Internet into it as an additional factor of creating the gross regional product. Economic modeling helped to identify and mathematically prove the impact of the broadband Internet on the gross regional product of the Russian regions in 2010–2016. In particular, it was shown that there is constant positive elasticity of the actual gross regional product of the Russian regions in accordance with the model variables characterizing the development of the broadband Internet in them. The obtained results allow concluding that it is necessary to improve and accelerate the broadband Internet as one of the factors of facilitating economic growth at the regional level.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - I.Y. Imasheva
AU  - T.V. Kramin
PY  - 2020
DA  - 2020/01/18
TI  - Impact of Broadband Internet on the Economic Growth of the Russian Regions
BT  - Proceedings of the First International Volga Region Conference on Economics, Humanities and Sports (FICEHS 2019)
PB  - Atlantis Press
SP  - 26
EP  - 28
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200114.006
DO  - 10.2991/aebmr.k.200114.006
ID  - Imasheva2020
ER  -