Assessment of the impact of digitalization on the socio-economic development of the country

Abstract

This article is devoted to the analysis of the impact of digital transformation processes on the socio-economic development of the country. To study the driving forces of development of the economy of the Russian Federation, a three-factor Cobb-Douglas function was constructed that was modified considering the factor of influence of digitalization on the GDP. Modern trends in the field of competition between cheap, but low-skilled labor, and expensive highly qualified labor, determine the need for analytical studies in the field of changing the existing factors of labor in the process of digital transformation. A special role in construction of a model that reflects the influence of various factors of changes within the framework of the sixth technology revolution is given to assessing the significance of the parameters under study in recent times. Wherein, special attention is focused on the need for further study of time lags reflecting the maximum return on use of labor, capital and digital resources.