Technological Innovation Impact on Dynamics of Aggregate Income in Digital Transformation of the Economy

Gulnara Khadiullina, Naila Shevko, Gulnaz Sibaeva, Elmira Khisamutdinova

2021

Abstract

The study goal is to study the role of technological innovation in providing upward dynamics of the aggregate indicators of the national economy as a whole and its constituent regional entities in the context of the end-to-end digitalization of economic processes. The study objectives are defined in view of its goal and consist in identifying the role of technological innovation in increasing labor productivity as a source of total income growth, as well as in conducting an empirical test of the thesis on the dependence of labor productivity and gross regional product (GRP) on investment in innovative projects (on the example of the regions of the Volga Federal District). The methodological basis of the study is the provisions of neoclassical theories of economic growth, as well as the Cobb-Douglas-Tinbergen production function. As a result of the study, it was concluded that there is a direct relationship between investment in innovative projects and the GRP dynamics, which is confirmed by the results of statistical data analysis on the Republic of Tatarstan and the Nizhny Novgorod region. The revealed dependence is determined by the significant impact of technological innovations on labor productivity in traditional economic activity. It is concluded that it is necessary to study the role of labor productivity in providing positive dynamics of indicators of innovative spheres of economic activity, as well as in changing the employment structure and unemployment rate.

Paper Citation

in Harvard Style

Khadiullina G., Shevko N., Sibaeva G. and Khisamutdinova E. (2021). Technological Innovation Impact on Dynamics of Aggregate Income in Digital Transformation of the Economy. In Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES, ISBN 978-989-758-546-3, pages 124-128. DOI: 10.5220/0010694500003169

in Bibtex Style

@conference{ses21,
author={Gulnara Khadiullina and Naila Shevko and Gulnaz Sibaeva and Elmira Khisamutdinova},
title={Technological Innovation Impact on Dynamics of Aggregate Income in Digital Transformation of the Economy},
booktitle={Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,},
year={2021},
pages={124-128},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010694500003169},
isbn={978-989-758-546-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific-Practical Conference "Ensuring the Stability and Security of Socio-Economic Systems: Overcoming the Threats of the Crisis Space" - Volume 1: SES,
TI - Technological Innovation Impact on Dynamics of Aggregate Income in Digital Transformation of the Economy
SN - 978-989-758-546-3
AU - Khadiullina G.
AU - Shevko N.
AU - Sibaeva G.
AU - Khisamutdinova E.
PY - 2021
SP - 124
EP - 128
DO - 10.5220/0010694500003169