Economics of Digital Transformation

Tessaleno Campos Devezas is Associate Professor with habilitation at the Atlantica School of Management Sciences, Health, IT & Engineering, Lisbon (Portugal), teaching and researching in the field of Materials and Aeronautical Engineering and Technological Forecasting, and is associate researcher of the Research Unit C-MAST (Centre for Mechanical Aerospace Science and Technologies, FCT Portugal). He belongs to the Advisory Board of the journal Technological Forecasting & Social Change (Elsevier), Editorial Manager of the Periodical Fractals (World Scientific Publishing Co), member of the International Kondratieff Foundation (Moscow, Russia), Member of the Scientific Committee – Simon Kuznets Institute for Self-Organization and Development (Kiev, Ukraine), and full member of the International Research Academy (Moscow, Russia). Prof. Devezas has published more than 60 scientific papers in several international scientific periodicals, authored/co-authored 10 books, and is co-editor of the Springer Series “Studies on Entrepreneurship, Structural Change and Industrial Dynamics”João Leitão is Assistant Professor (tenured), with habilitation, at University of Beira Interior (UBI), lecturing on economics and entrepreneurship for undergraduate and graduate economics, marketing and management students. He is Director of the UBIExecutive - Business School, research fellow of the NECE – Research Center in Business Sciences, UBI and associate researcher at the CEG-IST – Centre for Management Studies of Instituto Superior Técnico & the ICS – Instituto de Ciências Sociais, University of Lisbon. He is member of the MIT Technology Review Global Panel, a community of business professionals. He is co-author of one patent and several books on benchmarking, human capital, clusters, entrepreneurial ecosystems, cooperation networks, entrepreneurship, entrepreneurship education, firm growth, innovation, competitiveness and quality of life. He is member of severaleditorial boards of journals such as Sustainability, Small Business Economics, Journal of Small Business Management, International Review on Public and Nonprofit Marketing, International Journal of Entrepreneurial Behaviour and Research, International Journal of Entrepreneurial Venturing, International Journal of echnoentrepreneurship, Discover Sustainability, Business, Revista Portuguesa de Estudos Regionais, and Public Policy Portuguese Journal. His research interests include: entrepreneurship; innovation; sustainable business models; and public policies.Askar Sarygulov is a Chief Fellow at the Centre for Fundamental Research, St. Petersburg State University of Economics (Russia). He is the author and co-author of seven books on the structural dynamics of macroeconomic system, cyclic processes, economic inequality, digital transformation, nonlinear models of economic dynamics. His work has been published in journals such as the Doklady Mathematics, Social Evolution& History, Economic policy, Economics and Mathematical Methods, Voprosy Ekonomiki, Economy of Region.  From 1990 to 1997 he was an economic advisor to the President of the Kyrgyz Republic and a member of the Government in areas such as foreign trade, foreign investment and management of state property. His research interests include: the structure of the modern economy, new technologies and industrial policy, the social consequence of structural changes in the economy.

• Introduction: The Economics of Digital Transformation: Approaching non-stable and uncertain digitalized production systems.- Social and economic consequences of large-scale digitization and robotization of the modern economy.- Revisited economic theory or how to describe the processes of disequilibrium and instability of modern economic systems.- Technological development: models of economic growth and distribution of income.- Breakthrough technologies and labor market transformation: how it works ad some evidence from the economies of developed countries.- Technological substitution of jobs in the digital economy and shift in labor demand towards advanced qualifications.- Oil shocks and stock market performance: evidence from the Eurozone and the US.- Reinforcement learning approach for dynamic pricing.- Convergent evolution of IT security paradigm: from access control to cyber-defense.- AI methods for neutralizing cyber threats at unmanned vehicular ecosystem of smart city.- Cybersecurity and control sustainability in digital economy and advanced production.- Blockchain for cybersecurity of government e-services: decentralized architecture benefits and challenges.- Green energy markets: current gaps and devel-opment perspectives in the Russian Federation.- Energy Efficiency in Urban Districts: case from Polytechnic University.- An architectural approach to managing the digi-tal transformation of a medical organization.- Aluminum production and aviation: an interesting case of an interwoven rebound effect in a digital transforming world.