Digital Transformations in Regional Economies During the COVID-19 Pandemic

DOI

10.2991/aebmr.k.210213.018How to use a DOI?

Keywords

digital ecosystem, regional development, pandemic, digitalisation

Abstract

This paper sets out to investigate the effects of the COVID-19 pandemic on digital transformations in the economy of Russian regions. The authors believe that, during this challenging period, the transfer of various types of economic relations and interactions to a digital format becomes an important factor in preserving the social and economic potential of regions and increasing the level of business survival. The aim of the paper is to study the trends of digital transformations in the economy of Russian regions, caused by the COVID-19 pandemic, as well as to identify the factors determining the readiness of regions to develop digitalisation processes. The methodology of the study involves the concept of intensive and extensive application of information and communication technologies and the theory of shocks. The empirical basis of the study relies on data provided by international organisations (ILO, OECD, WorldBank, ITC) andthe Federal State Statistics Service, analytical reports of international and Russian consulting, audit and expert organisations (McKinsey, FinExpertiza, RBC, NAFI), as well as on live data posted on official websites managed by public authorities of the constituent entities of the Russian Federation. The study of digital transformations at the procedural, institutional and business levels demonstrated that the vector of digital transformations in regional economies is expressed in the orientation towards the formation of business and manufacturing ecosystems, with a change in the process of value creation from the value proposition of products to the value proposition of services. The conducted analysis enabled the authors to evaluate the readiness of regional economies to implement digital transformations. It is concluded that the development of these processes is associated with active governmental support for the implementation of complex projects directed at the digitalisation of regional economies.

Copyright

© 2021, 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/).

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TY  - CONF
AU  - Irina Turgel
AU  - Olga Chernova
AU  - Dina Williams
PY  - 2021
DA  - 2021/02/15
TI  - Digital Transformations in Regional Economies During the COVID-19 Pandemic
BT  - Proceedings of the XV International Conference "Russian Regions in the Focus of Changes" (ICRRFC 2020)
PB  - Atlantis Press
SP  - 129
EP  - 135
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210213.018
DO  - 10.2991/aebmr.k.210213.018
ID  - Turgel2021
ER  -