Title: Correlation analysis between market transformation and economic growth in the digital economy era

Authors: Yongchao Yang

Addresses: Changzhou Textile Garment Institute, Jiangsu, 201411, China

Abstract: In order to analyse the impact of market transformation on economic industries and economic structure, this article takes the digital economy era as the research background and analyses the correlation between market transformation and economic growth. Firstly, we analyse the market transformation in the digital economy era; Then, the relationship between economic growth mode and economic growth rate is analysed through scattered point fitting graph, and a vector autoregression is constructed to realise the relationship modelling between market transformation and economic growth; Finally, we construct an orthogonal pulse response diagram between market transformation and economic growth, and analyse the correlation between market transformation and economic growth. Combining the content of modelling analysis, with market transformation as the main perspective, analyse the impact of digital technology on economic industries, the impact of market transformation on economic growth, and the impact of market transformation on economic structure and resource allocation.

Keywords: digital economy era; market transformation; economic growth; vector autoregression; VAR; impulse response function.

DOI: 10.1504/IJSD.2025.145806

International Journal of Sustainable Development, 2025 Vol.28 No.2/3, pp.198 - 213

Received: 29 Jun 2023
Accepted: 23 Oct 2023
Published online: 25 Apr 2025 *

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