SPECIFIC ASPECTS OF ECONOMIC CRISIS THEORY AMID DIGITALIZATION OF RUSSIAN ECONOMY

Abstract

The aim of this paper is to define the main elements of crisis theory in the context of digitalization. The authors sum up concepts and approaches of crisis analysis and positive and negative aspects influencing crisis management, its scope and implications in the context of digitalization. An important point is strategic planning and the role of the state in the economy, with specific substantiation of the need to develop uniform information systems for managing the Russian economy. The hypothesis is carried out whether the level of digitalization of Russian regions is directly linked to their stable development or not. The empirical study integrates some elements of the methodology of regional economic security analysis by V. K. Senchagov and the Industry 4.0 concept. The conclusion is made on the importance of transition toward more complex multi-modal models (smooth transition models). That, in turn, creates the need to accumulate and analyze major missives of data using machine algorithms.