Brief description

A new economic system, the digital one, is being actively formed at the present stage in the global information society. It implies the digitalization of economic processes and the penetration of innovative technologies into many spheres of human activity. As a result, such changes entail new issues for the competitive advantages of companies and concepts of their management and functioning. The study focuses on studying the relationship between digitalization factors and the economic development of Russian regions. Building on the regression models, we examine the influence of the digitalization of economic processes on gross regional product based on the dataset in the period from 2017 to 2019 years. The results revealed that the share of households with a personal computer, the share of the population that used the Internet to receive state and municipal services, the amount of information transmitted from/to subscribers of the reporting operator’s network have a positive effect on the economy of Russian regions. Nevertheless, we don’t reveal a link between the proportion of households with a telephone, the proportion of households with Internet access, the proportion of the population using the Internet to order goods or services and regional development. It can be explained by early stages of digitalization of economic processes in Russia. Thus, the results expand the existing literature in part of accessing the digitalization of economic processes and the positive economic growth of territories.