SHS Web Conf.
Volume 163, 20232023 8th International Conference on Social Sciences and Economic Development (ICSSED 2023)
|Number of page(s)||8|
|Section||Economic Trade and Financial Investment Analysis|
|Published online||28 April 2023|
The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model
School of Management, Beijing Union University, North Fourth Ring Road East 97, Beijing, 100101, China
* Corresponding author: firstname.lastname@example.org
Digital transformation of enterprises is not only a choice to comply with the economic development trend, but also the use of digital technology to reduce costs and increase efficiency is a necessary path for enterprise development. Under the TOE framework, this paper takes digital technology, enterprise digital transformation and digital economy development level as the main variables. By constructing a PVAR model to incorporate the three into the same analytical framework, the dynamic interrelationship and the degree of influence between the three in the time series are empirically examined. The research results show that (1) digital technology, digital transformation of enterprises and the level of digital economy development are causally related to each other and have a mutually reinforcing influence. (2) There are inertia development and self-reinforcement mechanisms among the three variables. (3) Although the interaction among the three variables gradually decreases and tends to zero over time, it still has a strong lag. The research results enrich the dynamic relationship between digital technology, enterprise digital transformation and digital economy development, and provide strategic references for enterprise transformation and upgrading.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0 (https://creativecommons.org/licenses/by/4.0/).
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