Direct Impact of Ict on Urban Economic Growth by Demonstrating Agent-based Modeling for Smart Cities
Year: 2025
Type: article
Abstract: A smart city is considered a city in which the infrastructure is coordinated and integrated using new digital technologies. We consider scenarios, based on the transition from old cities to new emerging smart cities, with the development of urban services using modern ICT. Several project areas are proposed: integrated databases, sensor networks and the impact of new social media, mobility and travel behavior, urban land use modeling, transport and economic interactions and planning structures for smart cities. The FuturICT project discussed in the paper was implemented within the framework of the European Union's Seventh Framework Program under grant agreement No. 284709. We consider a stylized agent-based model where heterogeneous decision-making agents interact under the following scenarios: improved urban. The paper assesses the positive impact of transport by using the example of the Baltic Sea countries' economies against the background of an analysis of key indicators measuring the success of the transport sector. It is noteworthy that any combination of these scenarios leads to higher population density and allows for the spread of creativity, which is a prerequisite for smart city transformation and economic growth. The results show clear correlations between rapid economic progress and socio-economic equality.
Source: Social Economics
Author: Tinatin Mshvidobadze
Institution: Gori State University
Language: English
Subfield: Media Technology
Field: Engineering
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4414749712