How Can Digital Economy Development Empower High-Quality Economic Development?

Abstract

The role of the digital economy in economic transformation is increasingly prominent. This paper empirically examines how the digital economy affects TFP and its mechanism using Chinese provincial panel data. The results show that the impact of the digital economy on regional TFP is U-shaped. Further studies show that digital economy development may improve regional TFP through two channels: stimulating innovation and promoting entrepreneurship. In addition, we also discuss the role of active government, effective market, and high-level judicial protection in digital economic policies improving economic growth. Based on our research results, we put forward some policy recommendations.

Determinants of Performance of Village-Owned Enterprises in Improving Village Development Performance

“…In line with the results of research (Yaprakli & Özden 2021) which shows that switching to technology and knowledge-based production processes, expanding the capacity of quality production factors, improving social living standards, and investing in the green economy will increase economic complexity while ensuring stable sustainability. This is supported by several studies conducted by (Yeo et al, 2023), (Chen et al, 2023), (Gómez-Trigueros et al, 2021), (Hastriyandi & Munandar, 2018), (Wahdanial et al, 2023), (Fikri et al, 2022), (Mahmudi & Damayanti, 2020), and (Nurjaya et Apart from the factors above, to support the improvement of Village-owned Enterprisesperformance and village development, the role of social capital is also needed. (Chafai, 2023) states that humans are basically social creatures.…”

Research on the impact of digital economy on green total factor productivity: theoretical mechanism and multidimensional empirical analysis

“…With the rapid advancement and widespread use of nextgeneration digital technologies, DE is gaining profound recognition as a pivotal catalyst for economic development (Sergushina et al, 2021;Chen et al, 2023). Nevertheless, existing research has not yet reached a unified consensus regarding the precise impact of DE on the national economy.…”

Spatial analysis of digital economy and its driving factors: A case study of the Yangtze River Delta City Cluster in China

“…Secondly, the development of DE is conducive to the advancement of urbanization process, and the popularization of digital technology and e-commerce can accelerate the speed of urbanization and promote the rapid development of urban economy and society. Finally, the development of DE can promote the development of education, technology and other industries, and improving the population quality and technical ability of the entire region [ 30 ]. In China, the development of DE is not only related to the economic and social development of the nation, but also an important means to promote the construction of a modern economic system and build a new national competitive advantage [ 28 ].…”