Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)

Research Article: 2021 Vol: 20 Issue: 1

Five-Sector Model of the Circulation of Resources, Income, and Expenditure in the Sharing Economy

Natalia Shilonosova, South Ural State University

Yulia Butrina, South Ural State University

Sergei Aliukov, South Ural State University

Abstract

The purpose of our study is to develop a new model of the circulation of resources, income, and expenditure in the sharing economy. To achieve this, we solved the following four tasks: 1. when studying the key aspects of the sharing economy, we revealed that the theory, methodology, and practice of the sharing economy have not yet been formed. 2. When studying the degree of penetration of online services into the economy based on a survey of young people, we found that the penetration degree is rather high. 3. When forming the new model of the circulation of resources, income, and expenditure in the sharing economy, we added a fifth sector - sharing aggregators - to the existing four-sector model, with further analysis of the interaction of all five sectors. 4. When modeling and detailing the interaction of resources, income, and expenditure in the sharing economy, we revealed that new real and cash flows are formed in the resulting model, which should be taken into account by the existing economic sectors, from households and to the outside world, to build new balances of the microeconomic and macroeconomic interaction.

Keywords: Sharing Economy, Sharing Aggregators, Sharing Services, Circulation of Resources, Income, Expenditure.

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