Digital twin formation technology as a driver for the development of the digital economy

DOI: 10.33917/mic-6.113.2023.71-75

The scientific article summarizes the theoretical concepts of a digital twin and classifies its main types in the digital economy. The principles of operation of digital twins are outlined using the example of the production process and modern marketplace.


1. Gubanova A.V. Digital transformation as a tool for developing the competitiveness of industrial enterprises. Creative economy. 2020;6:17-18. (In Russ.).

2. Zhukovskaya I.V., Akaeva V.R., Kuzmin M.S. Current problems of digitalization of companies using the example of the industrial sector. Microeconomics. 2023;4:51-55. (In Russ.).

3. Ragimkhanov A.V. Systematization of scientific approaches to the study of competitiveness of services: from theory to practice / A.V. Ragimkhanov, I.V. Zhukovskaya. Microeconomics. 2022;1:75-78. (In Russ.).

Influence of Monetary Policy on Technological Development of the Economy in a Long-Term Aspect

DOI: 10.33917/es-5.171.2020.136-143

Monetary policy currently pursued by the Central Bank of the Russian Federation is a reflection of external market conditions. Regulatory approaches should, in particular, help reduce the dependence of monetary policy on external factors — such as oil prices, foreign loans, access to foreign markets, etc. This is not about completely isolating the monetary sphere of the Russian Federation from parameters and the external environment. It is required to refuse close, automatic communication with the given parameters. It is necessary to increase the stability of the monetary system of the Russian Federation and the economy as a whole in relation to external shocks. This can be done through more active use of a wide range of tools available to the regulator. These include monetary and regulatory mechanisms (interest rates, reserve requirements, foreign exchange positions, etc.), gold reserves, verbal interventions, etc., which can have a stimulating effect on economic growth. The high volatility of the ruble now observed makes it extremely difficult for enterprises to plan and forecast, thereby making it impossible for the normal course of investment processes and expanded reproduction. In order to use monetary mechanisms to stimulate economic growth and eliminate the negative effects of current monetary policy (in particular, implemented since autumn 2014), a departure from inflation targeting and free floating of the ruble exchange rate is necessary. At the same time, it is obviously necessary to abandon many components or closely related elements (for example, “monetary contraction”). In addition, steps will be needed to stabilize the foreign exchange market, which would have positive effects (falling volatility, lower inflation, etc.). Under current conditions, with limited access to external financial resources, it is important to use mechanisms  for generating financial flows based on internal sources. In other words, the monetary base should be formed due to internal factors, and not depend on the dynamics of energy prices. In previous years, the main emphasis in the Russian economy was placed on the external sphere as a source of growth financing. Restricting access to external cheap financial resources (due to low oil prices, sanctions, etc.), as well as continuing geopolitical tensions with regard to Russia, reduce the possibilities for implementing longterm investment projects in the economy. This increases the relevance of national mechanisms and sources of formation of the resource base (including long) necessary to refinance previously taken loans, as well as to implement structural changes in the Russian economy.

Social and Economic Crisis in Russia. Subtotals

#4. Monument up to the Sky
Social and Economic Crisis in Russia. Subtotals

In 2009, the “Economic Strategies” published an article on the crises in Russia [1]. Then there were five crises, including the 2008 crisis. The crisis that began in 2014, in our opinion, is the sixth. Exactly this crisis will be discussed in the present article. We shall consider the socio-economic situation in Russia in 2015. And the main emphasis will be made on the state and prospects of the real sector of the domestic economy. The real sector, according to Adam Smith [2], means extraction of raw materials, production of all types of goods, energy resources, housing and communal services and agriculture. Rendering various services, including financial services, is not considered to be the real sector. The article consists of three parts. The first part is dedicated to external economic and political situation around the Russian Federation. The second part will consider the main processes that took place in the real sector. In the third part, we’ll answer the question of the possible situation evolution in 2016–2017.

Protracted Stagnation. The Russian Economy in 2014-2015

#2. Mr Wanna-know-All's Questions
Protracted Stagnation. The Russian Economy in 2014-2015

The article discusses the main results of 2013. It analyzes trends and forecasts of macroeconomic indicators in the medium term until 2015. The paper studies the reasons of existing situation and identifies factors contributing to the economic growth. Dynamics of the Russian economy and global economic trends are compared.

System Foundations of Solving Managerial Problems of Interaction Between Fundamental and Applied Science and Manufacturing Sector as the Main Factor of Russia’s New Industrialization

#2. The Ice Age

The basic trend of world economic development — sustained increase in demand for scientific and technical resources, including innovation.

Russian Economy in 2012-2014: Trends, Analysis, Forecast