Technological Windows of Opportunity for Russian Arctic Regions: Modeling and Exploitation Prospects

• Published in: Journal of Risk and Financial Management
• Main Authors: Vera P. Samarina, Tatiana P. Skufina, Diana Yu. Savon, Svetlana S. Kudryavtseva
• Format: Article in Journal/Newspaper
• Language: English
• Published: MDPI AG 2021
• Subjects: technology windows of opportunities; science-intensive products; high-tech products; productivity; development investments; cross-correlation function; Risk in industry. Risk management; HD61; Finance; HG1-9999; Arctic
• Online Access: https://doi.org/10.3390/jrfm14090400; https://doaj.org/article/5d7a0a8e1b83420aab4e0c93aa6643ce

The problems of exploitation of technological windows of opportunity are of particular scientific and practical interest in terms of the development of Russia’s national economy, and the Arctic region, which has a strong mineral and raw materials potential, is important in terms of its use for achieving the technological and national security of the Russian state. Considering this, the study of the theoretical and methodical aspects of the development of emerging technological windows of opportunity is important and relevant for the regions of the Russian Arctic zone. The purpose of this study is to assess the potential and reserves for exploitation of the emerging technological windows of opportunity during the deployment of a new technological order by mobilizing material and human capital in the Arctic regions. Methodological tools for the study of this problem included dynamic series analysis, structural analysis, comparison, description, descriptive statistics, cross-correlation analysis, production function model and its visualization. An analytical review of scientific publications, a set of tools and methods of research, allowed to obtain the following scientific results: A significant variability in the contribution of science-intensive and high-tech industry to the formation of gross value added in the Arctic region has been revealed; meanwhile, we can note stable dynamics of the contribution of the Arctic economy to the gross domestic product (GRP) of Russia as a whole. There is a steady excess of the productivity index over the Russian average, which can be regarded as a potential for growth of high-tech components of labor in the development of the economy of the Arctic region. There is a negative statistically significant relationship between the share of the gross regional product of the Arctic in the Russian GRP and the share of gross value added (GVA) of science-intensive products in the Arctic GRP, which can be regarded as a factor preventing the exploitation of the emerging technological ...