Abstract
Objective: The objective of this study is to develop mathematical models for predicting the impact of indicators of the size of industrial revolution technology markets on the main economic indicators of the United States of America and China to support the achievement of the sustainable development goals (SDG). Theoretical Framework: Technologies of industrial revolution have a strong influence on economic development and the achievement of sustainable development. So, to achieve the SDG, research of forecasting and analyzing the impact of implementing technologies of the industrial revolution is needed. Method: Documentary research was conducted, taking as a starting point the units of analysis proposed by methods of economic and statistical analysis, correlation analysis and regression analysis. Results and Discussion: The study characterized the current and projected dimensions of the technology markets of the fourth industrial revolution. It was found that in 2032, the markets of artificial intelligence, blockchain, cloud technologies and industrial Internet of Things will experience the greatest growth. The analysis carried out for the USA and China made it possible to testify that the national economies of the countries are affected differently by the technologies of the industrial revolution. In the US, the biggest impact is caused by Robotic technology and Blockchain markets, which affect investment activity. At the same time, the influence of Robotic technology is direct, that of Blockchain – inverse. In China, the growth of the Robotic technology market has a significant negative impact on economic growth and the Budget balance. At the same time, the growth of the Cloud computing market has a positive effect on these same indicators. Originality/Value: As a result of the analysis, models for forecasting the influence of the observed indicators of the size of technology markets on the relevant economic indicators were developed. The resulting models can be used for forecasting the Investment indicator for the USA based on the values of the independent variables Robotic technology and Blockchain, as well as the Economic growth and Budget balance indicators for China, taking into account the values of the Robotic technology and Cloud computing variables.
Published Version
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