This article incorporates digitali-zation-induced structural changes in tradability into the framework of the Balassa-Samuelson effect analysis,and explores the theoretical mechanism of digital economy development on the formation of medium-and long-term structural inflation in con-junction with the aggregate supply-aggregate demand model,and empirically analyzes it using international panel data containing 89 countries.The findings show that digital economy development sig-nificantly suppresses the relative prices of the service sector and the manufacturing sector(struc-tural inflation),and this finding is more pronounced in countries with high income levels.Mechanism tests find that digital economy development nega-tively affects structural inflation through two path-ways,namely by increasing the tradability of services and the relative productivity of the services sector and the manufacturing sector.This study pro-vides insights and references for deeply understand-ing the macroeconomic effects of the digital econo-my,predicting the long-term trend of structural inflation in China,and optimizing macroeconomic strategies.
Digital economy development Structural inflationBalassa-Samuelson effect
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