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An econometric model for evaluating the effectiveness of using digital assets in production processes

Assessment of the economic efficiency of using digital assets in production processes is important both for industrial enterprises themselves and for government authorities implementing measures to encourage the introduction of digital technologies by enterprises within the framework of the Strategy for the Development of the Manufacturing Industry of the Russian Federation, as well as for development institutions when selecting projects within the framework of technological development programs. The purpose of the study was to develop an econometric model for evaluating the effectiveness of using digital assets, which makes it possible to quantify their impact on labor productivity and operating costs based on panel data from Russian manufacturing enterprises for 2019–2024. A statistical verification of the specification and quality of the constructed panel regression models was carried out using formal statistical tests (Hausmann, Breusch – Pagan, VIF). The estimates obtained allow us to quantify the impact of digital assets on the dynamics of key performance indicators. The essence of digital assets is defined as a set of digital resources and technologies used by an enterprise that automate data analysis, forecasting, and decision support operations. To build the model, the author’s integral index of digital assets has been developed, taking into account investment, technological, analytical and integration components. When writing the article, the methods of generalization and classification, comparative and econometric analysis were used. The conclusion is made about the practical significance and potential users of the developed models, the directions of their further improvement. Read more...