Journal
ECONOMIES
Volume 9, Issue 2, Pages -Publisher
MDPI
DOI: 10.3390/economies9020052
Keywords
digital space; technological mode; digital transformation; trends; digital economy; financial management; modeling
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The study aims to develop an appropriate model for allocating funds for digital technologies based on the concepts of technological modes and cyclical development of the economy. The paper introduces the new concept of digital space and uses mathematical modeling to explore digital transformation processes. The results of the research have practical significance for government agencies, companies, and development institutions.
The race of states for digital leadership faces the challenges of digital transformation foresight, providing combinatorial effects and acceleration of digitalization processes, contributing to a more efficient allocation of limited financial resources. This situation determines the relevance of the authors' study, which aims to develop an appropriate model for the allocation of funds for digital technologies. The methodology of the study is based on the concepts of technological modes and cyclical development of the economy. The paper presents the authors' definition of the concept digital space, which is new to Russian scientific literature. The key research method is mathematical modeling. The scientific novelty of the paper is chronological architectonics of digital transformations, built by the authors, and the model of distribution of financing under the investment constraints due to the trust limit of the society institutions, the time of fluctuations of the system of technological adaptation, and the response of the institutional environment to the digital limits of the transformations. The practical significance of the proposed models is the identified tandem interconnected digital technologies of the areas of combinatorial effects that accelerate the dynamics of Industry 4.0, as well as the resulting tools for the effective management of digital technology financing. The obtained theoretical and empirical results are desirable for the heads of government agencies, foundations, corporations, and development agencies, as well as enterprises interested in accelerating digital transformation and increasing strategic competitiveness in the digital space.
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