title: The Digital Economy in the Context of the Fourth Industrial Revolution: Opportunities and Limitations
metadata.name: dc.contributor.author
metadata.value: Vishnevsky, Valentine P.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2020-02-06T16:56:09Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2020-02-06T16:56:09Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2019-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Vishnevsky V. P. The Digital Economy in the Context of the Fourth Industrial Revolution: Opportunities and Limitations. St Petersburg University Journal of Economic Studies, vol. 35, iss. 4, pp. 606–627.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2019.406
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/17025
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article focuses on the analysis the relationship between the digital economy and industry
  in the conditions of the Fourth Industrial Revolution. Analysis of the problem’s conceptual aspects
  has shown that the digital economy is one of the elements of the emerging smart cyberphysical
  society, in which the integration of material production and digital technologies is
  implemented. In this regard, the well-known dichotomy “industrial society — post-industrial
  society” loses its meaning, since “hardware” and “digit” supplement each other organically and
  co-evolve, although the possibilities and limitations of this process are determined to a greater
  extent by the production development rather than digital technologies. The empirical part of
  the study includes statistical analysis of the problem and mathematical modelling based on
  economic data on 74 countries for the period 2014–2016. This analysis showed that the size of
  the digital economy is well correlated with gross fixed capital formation, and that industrialized
  countries differ from less developed countries not so much in the level of development of
  the digital economy as in the amount of the fixed assets investments. In the modern world divided
  into new zones of technological influence the strategic prospects of countries’ economic
  development are defined by Industry 4.0 — smart robotic cyber-physical industry, located
  next to the consumer. Therefore, in order to achieve a higher level of income in the national
  economy, it is necessary not only to develop the digital economy, but also to increase investment
  in modern manufacturing technologies in or around the country. The analysis of the
  opportunities and limitations of the digital economy development on the example of the Russian
  Federation tax system digitalization has shown that it is generally successful. However,
  it creates some problems for the economy, as modern digital technologies are used to divert
  resources necessary for the industrial development. Therefore, the digital economy needs to
  be integrated into existing macroeconomic regulation mechanisms, including through new
  opportunities provided by the digital revolution.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 35; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: digital economy
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: industrial revolution
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Industry 4.0
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: digital technologies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: production technologies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: manufacturing
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: cyber-physical system
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The Digital Economy in the Context of the Fourth Industrial Revolution: Opportunities and Limitations
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 606_627.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/17025/3/606_627.pdf
resources.format: Adobe PDF
resources.size: 1,42 MB