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Journal of the National Research University Higher School of Economics

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SSN 1995-459X print
E-ISSN 2312-9972 online
ISSN 2500-2597 online English

Editor-in-chief
Leonid Gokhberg




Byung Gwun Choy 1
  • 1 Seoul National University, South Korea, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Republic of Korea

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

2020. Vol. 14. No. 1. P. 29–47 [issue contents]
The paper attempts to evaluate the impact of digital transformation upon productivity using the multi-level structure model of a random interaction effect based on the Bayesian approach to cross-section data. Digital transformation significantly raised general price levels in Russia and has 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.
Citation: Choy B.G. (2020) Random Interaction Effect of Digital Transformation on General Price Level and Economic Growth. Foresight and STI Governance, vol. 14, no 1, pp. 29–47. DOI: 10.17323/2500-2597.2020.1.29.47
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