The dynamics of structural shifts in regional economies amid the advent of convergent technologies

Abstract

Subject. The article studies economic growth rates by quantifying structural shifts in the economy, and analyzes the relationship of their intensity. Objectives. The study quantifies the dynamics of structural shifts in the region's economy and identifies the correlation of economic development and convergent technologies in Russia nationally and regionally. The study is to conclude on the efficiency of economic processes from geographical perspectives. Methods. We conduct the structural-dynamic analysis of economic systems. To quantify structural shifts, we apply the Ryabtsev index and Gatev index to identify the structural shifts by their intensity and efficiency. The empirical framework includes statistical data on gross value added broken down by sector, types of ICT costs for 2005–2019. Gross value added spreads across 15 types of business activities. ICT costs comprise six types. Results. We assessed the dynamics of the Ryabtsev index and Gatev index by sector and their gross value added in Russia and some regions. The article analyzed the comparability of structural shifts in the economy and ICT costs. Conclusions and Relevance. We quantified the structural shifts in sectors of gross value added and discovered that the structural shifts are inconsistent nationally and regionally. We also assess the correlation of the structural dynamics in the economy and ICT.