Random Interaction Effect of Digital Transformation on General Price Level and Economic Growth

被引:8
作者
Choy, Byung Gwun [1 ]
机构
[1] Seoul Natl Univ, 1 Gwanak Ro, Seoul 08826, South Korea
关键词
digital transformation; economic growth; technological progress; effects estimation; random interactions; ENDOGENOUS GROWTH;
D O I
10.17323/2500-2597.2020.1.29.47
中图分类号
F [经济];
学科分类号
02 ;
摘要
The paper attempts to evaluate the impact of digital transformation on productivity using a multilevel structure model of a random effect based on the Bayesian approach to cross section data. Digital transformation significantly raised general price levels in Russia and had consistently significant positive effects upon economic growth through the random interaction effect. Therefore, in Russia in 2018, digital transformation played a role as a driver of technological progress that prompted economic growth rather than economic stability.
引用
收藏
页码:29 / 47
页数:19
相关论文
共 20 条
[1]  
AKERLOF GA, 1984, AM ECON REV, V74, P79
[2]  
Anderson T. W., 1956, P 3 BERK S MATH STAT, V5, P111
[3]  
[Anonymous], 1987, NY TIMES
[4]   REAL RIGIDITIES AND THE NONNEUTRALITY OF MONEY [J].
BALL, L ;
ROMER, D .
REVIEW OF ECONOMIC STUDIES, 1990, 57 (02) :183-203
[5]  
Bartholomew D, 2011, WILEY SER PROBAB ST, P157
[6]   ON ENDOGENOUS GROWTH WITH PHYSICAL AND HUMAN-CAPITAL [J].
CABALLE, J ;
SANTOS, MS .
JOURNAL OF POLITICAL ECONOMY, 1993, 101 (06) :1042-1067
[7]  
Davis J., 2017, EC SCALE
[8]  
Draco M., 2015, 749 CEP
[9]  
Friedman M., 2017, NEW PALGRAVE DICT EC, P1
[10]  
Hadfield J., 2019, MCMCGLMM COURSE NOTE