Digital Platforms: Mechanisms of Functioning and Impact on the Economy

The article examines the platform economy from the point of view of the characteristics that distinguish it from traditional forms of relations and its influence on economic processes. It is shown that, although the formation of the platform economy is predetermined by technical progress, it is characterized by fundamentally new mechanisms based on the platform business model and network effects. The specific consequences of the spread of platforms for the cost structure of economic sectors were analyzed. These consequences were assessed using a static input–output model. Our calculations show that, given the relatively high direct contribution of the platform economy to the GDP and employment of the Russian population (about 3–5%), the final impact of the development of the platform economy, taking into account structural shifts and the reduction in gross added value in traditional sectors, is relatively modest—less than 1% of GDP growth in the scenarios considered.

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Publication Details

Journal
Studies on Russian Economic Development
Published
2025-04-01
DOI
https://doi.org/10.1134/s1075700724700709
Citations
2
Primary Topic
Digital Economy and Work Transformation
Type
article
Field-Weighted Citation Impact
8.40
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article

Digital Platforms: Mechanisms of Functioning and Impact on the Economy

S. R. Milyakin, D. A. Polzikov, N. D. Skubachevskaya
2 citations
Studies on Russian Economic Development
Digital Economy and Work Transformation
8.40
article

Digital Platforms: Mechanisms of Functioning and Impact on the Economy

S. R. Milyakin, D. A. Polzikov, N. D. Skubachevskaya
article en
2 citations

Abstract

The article examines the platform economy from the point of view of the characteristics that distinguish it from traditional forms of relations and its influence on economic processes. It is shown that, although the formation of the platform economy is predetermined by technical progress, it is characterized by fundamentally new mechanisms based on the platform business model and network effects. The specific consequences of the spread of platforms for the cost structure of economic sectors were analyzed. These consequences were assessed using a static input–output model. Our calculations show that, given the relatively high direct contribution of the platform economy to the GDP and employment of the Russian population (about 3–5%), the final impact of the development of the platform economy, taking into account structural shifts and the reduction in gross added value in traditional sectors, is relatively modest—less than 1% of GDP growth in the scenarios considered.

Studies on Russian Economic DevelopmentVol. 36(2)
Institute of Economic Forecasting (RU)
Decent work and economic growth
Openalex Percentile: Top 3%
Digital Economy and Work Transformation
8.40
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Digital Platforms: Mechanisms of Functioning and Impact on the Economy — S. R. Milyakin, D. A. Polzikov, et al. · Studies on Russian Economic Development (2025) | TGRS Research Map | TGRS