Digital economy as the factor for the development of investments into fixed capital in regional social and economic systems

Abstract

Investment activity is currently becoming significant for economic growth as its indicators are considered to be a necessary condition for high standard of living of the population of the regions of the Russian Federation. The purpose of the study is to assess the impact of digital economy factors on the dynamics of the involved investments into fixed capital in regions of the Russian Federation using the identification of interrelation between dynamics of the amount of investment into fixed capital and digital resources of regional economy. A number of personal computers per 100 workers, organizations using servers, use of electron document management in organizations, local computer networks and global computer networks have become digitalization factors to verify the main hypothesis. According to the hypothesis the amount of investments into fixed capital is correlated with the development level of regional digital economy. These factors have been investigated with the correlation analysis. The obtained results have proven the hypothesis. In particular, regions developing digital economy factors are characterized with higher dynamics and amount of investment attractions into fixed capital. Using the correlation analysis the factors have been differentiated according to their impact on investment activity processes. Thus, it has been revealed that the factors “the amount of personal computers per 100 workers (items)”, “the use of electronic document management in organizations” are steadily correlated with the dynamics of investment attraction into fixed capital in the region. The following type of digital resources as “local computer networks” is not connected and does not impact the process of investment activity in the region. The factors “global computer networks” and “the use of electronic document management in organizations” most significantly attract investments into fixed capital. Their development should be considered as a perspective trend for the increase of investment amount into the fixed capital and for the growth of investment attractiveness of the region in general. The scientific novelty of the study is to identify the factors of digital economy that intensify investment into fixed capital at the level of regional social and economic systems. Theoretical significance of the study includes the substantiation of digital economy factors that lead to the growth of investment activity into fixed capital of regional economy. Practical importance of the research is associated with the opportunity for state and regional authorities to use the obtained results for determination of strategic priorities for the development of digital infrastructure including the intensification of investment activity in the regions of Russia. Further investigations in the field are connected with more profound analysis of digitalization trends in social and economic systems, with the assessment of the impact of the trends on the investment into fixed capital in regional economy and with the development of a system of management impact that will contribute to the efficiency of the processes.

Keywords

investments into fixed capital, digital economy, digitalization factors, investment attractiveness, investment attraction, regional development, correlation analysis, differentiation, efficiency, economic development

For citation

Vlasov M.V. Digital economy as the factor for the development of investments into fixed capital in regional social and economic systems. Perm University Herald. Economy, 2019, vol. 14, no. 3, pp. 421–433. DOI 10.17072/1994-9960-2019-3-421-433

Acknowledgements

The research was carried out under the financial support of the Russian Foundation for the Basic Research No. 19-010-00850.

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