Disruptive technologies for the transition of digital economies towards sustainability

Economic Annals-ХХI: Volume 179, Issue 9-10, Pages: 22-30

Citation information:
Melnyk, L., Dehtyarova, I., Kubatko, O., Karintseva, O., & Derykolenko, A. (2019). Disruptive technologies for the transition of digital economies towards sustainability. Economic Annals-XXI, 179(9-10), 22-30. doi: https://doi.org/10.21003/ea.V179-02

Leonid Melnyk
D.Sc. (Economics),
Professor,
Head, Department of Economics,
Entrepreneurship and Business Administration,
Sumy State University
2 Rymsky Korsakov Str., Sumy, 40007, Ukraine
mealnyksumy@gmail.com
ORCID ID: https://orcid.org/0000-0001-7824-0678

Iryna Dehtyarova
PhD (Economics),
Associate Professor,
Department of Economics,
Entrepreneurship and Business Administration,
Sumy State University
2 Rymsky Korsakov Str., Sumy, 40007, Ukraine
i.dehtyarova@econ.sumdu.edu.ua
ORCID ID: https://orcid.org/0000-0003-4615-0437

Oleksandr Kubatko
D.Sc. (Economics),
Professor,
Associate Professor of the Department of Economics,
Entrepreneurship and Business Administration,
Sumy State University
2 Rymsky Korsakov Str., Sumy, 40007, Ukraine
okubatko@econ.sumdu.edu.ua
ORCID ID: https://orcid.org/0000-0001-6396-5772

Oleksandra Karintseva
D.Sc. (Economics),
Associate Professor,
Department of Economics,
Entrepreneurship and Business Administration,
Sumy State University
2 Rymsky Korsakov Str., Sumy, 40007, Ukraine
karintseva@econ.sumdu.edu.ua
ORCID ID: https://orcid.org/0000-0001-9570-3646

Anna Derykolenko
PhD Student (Economics),
Department of Economics,
Entrepreneurship and Business Administration,
Sumy State University
2 Rymsky Korsakov Str., Sumy, 40007, Ukraine
annysumy@ukr.net
ORCID ID: https://orcid.org/0000-0003-4971-5472

Disruptive technologies for the transition of digital economies towards sustainability

Abstract. The paper reveals the concept of disruptive technologies as a phenomenon that opens a new cycle of productive forces development. The paper shows essential disruptive technologies which have determined the change of socio-economic formations of human development: from agrarian societies to industrial and post-industrial ones. The authors of the article have analyzed key disruptive technologies which form the basis for the Internet of Things. Thus, it is stated that the innovations created on the basis of personal computers, mobile phones, Internet, Wi-Fi, renewable energy, 3D printers, digital technology, artificial intelligence, RFID tags, GPS, robots, and «cloud» technologies are the original components of the Internet of Things. A prognosis is that 37 billion devices will have been connected to the Internet of Things in the world by 2024. The paper demonstrates the economic view on disruptive technologies as a phenomenon that changes the benefit-cost ratio. The article reveals possible positive and negative effects of the implementation of disruptive technologies. The concept of the so called «the innovator’s dilemma» is discussed, and two principles of disruptive technologies are shown (creative, since it opens a new technological cycle, and destructive, since it undermines the production bases). The authors have empirically estimated the effects of key drivers that impact the average global GDP per capita. Thus, energy use, fixed telephone subscriptions (per 100 people), gross capital formation, improvements in life expectancy, and an increase in mobile cellular subscriptions are among the factors that increase the economic performance.

Keywords: Disruptive Technology; Innovation; Industrial Revolution; Internet of Things; Economic System; Development; Cyber-physical System; Gross Domestic Product per capita

JEL Classification: А14; F20; F21; F23

Acknowledgements and Funding: The publication contains the results of research conducted within the framework of the research project «Development of the Fundamental Bases of the Reproductive Mechanism of Socio-Economic Development during the Third Industrial Revolution» (No. 0118U003578).

Contribution: The authors contributed equally to this work.

DOI: https://doi.org/10.21003/ea.V179-02

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Received 19.08.2019
Received in revised form 23.09.2019
Accepted 27.09.2019
Available online 11.11.2019
Actualized version as of 25.03.2020