Buyanova M.E., Averina I.S. Institutional Aspects of Digitalization of Regional Economy in the Context of Industry 4.0
Marina E. BuyanovaVolgograd State University, Volgograd, Russian Federation
Irina S. Averina
Volgograd State University, Volgograd, Russian Federation
Abstract. The phenomenon of the fourth industrial revolution causes extensive changes in the economic system at all levels of its functioning. Of particular interest in this aspect are regional studies, as they allow us to consider and assess the readiness of individual subjects of the Russian Federation to these changes, as well as the degree of potential adaptation to them and opportunities for development in a new “key”, taking into account historical, geographical, social and economic prerequisites. The article includes the analysis of major constraints to economic growth at the international, national and regional levels and the full involvement of domestic economy in Industry 4.0. The differentiation in the development of meso-economic systems in Russia leads to the specificity of the approaches to adaptation of subjects to rapidly changing technological realities. The study is based on the analysis of socio-economic components of one of the regions of the Russian Federation – Volgograd region, in order to further identify the degree of its readiness for systematic development in the new neo-industrial era. The presence of a complex of problematic (similar to general) issues of a regulatory, social, financial, information and technological nature has been revealed. The identified problems require the development of directions for their solution (economic and institutional orientation) in order to reduce the level of losses in the process of transition to a new industrial model of economic development and increase the opportunities to ensure favorable competitive positions within it for the region.
Key words: regional economy, industrial revolution 4.0, institutions, digitalization of economy, region, security mechanisms, institutional barriers, neoindustrialization.
Citation. Buyanova M.E., Averina I.S. Institutional Aspects of Digitalization of Regional Economy in the Context of Industry 4.0. Regionalnaya ekonomika. Yug Rossii [Regional Economy. South of Russia], 2020, vol. 8, no. 3, pp. 96-104. (in Russian). DOI: https://doi.org/10.15688/re.volsu.2020.3.9
Attachments: /eng/contacts/1_Buyanova_i_dr.pmd.pdf