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Economic Analysis: Theory and Practice
 

Digitalization of entrepreneurship as a driver of its growth

Vol. 19, Iss. 7, JULY 2020

Received: 8 June 2020

Received in revised form: 19 June 2020

Accepted: 29 June 2020

Available online: 30 July 2020

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: O10, O20, O40

Pages: 1218–1230

https://doi.org/10.24891/ea.19.7.1218

Brichuk O.B. Ural Federal University named after the First President of Russia B.N. Yeltsin (UrFU), Yekaterinburg, Russian Federation
oksana.brychuk@gmail.com

ORCID id: not available

Nevskaya A.D. Ural Federal University named after the First President of Russia B.N. Yeltsin (UrFU), Yekaterinburg, Russian Federation
a.d.nevskaia@urfu.ru

ORCID id: not available

Subject. The article considers the impact of digital economy on entrepreneurship, which is a key factor in influencing the social and economic life of countries with market economies. New economic processes are emerging, such as e-commerce, as well as new economic agents, such as digital government and digital enterprises, which, in turn, are shaping the digital entrepreneurial ecosystem.
Objectives. We focus on exploring the impact of digital economy on business activity.
Methods. The study draws on the methods of logical and statistical analysis.
Results. The digital economy is forcing many States to take a new course in their policies to improve socio-economic processes. In 2017, the RF President's Decree was issued called On the Strategy for Information Society Development in the Russian Federation for 2017–2030, which is aimed at the development of information and communication technologies, including those ones in the economy.
Conclusions. Any State should provide favorable conditions for digitalization of entrepreneurship. Public financial support is crucial for creating and fostering innovative center for development of new digital enterprises.

Keywords: digitalization, entrepreneurship, digital enterprise, e-commerce

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