HOW CAN DIGITAL ECONOMY DEVELOPMENT EMPOWER HIGH-QUALITY ECONOMIC DEVELOPMENT?-Reference-Cited by-同舟云学术

HOW CAN DIGITAL ECONOMY DEVELOPMENT EMPOWER HIGH-QUALITY ECONOMIC DEVELOPMENT?

Published:2023-04-17 Issue:4 Volume:29 Page:1168-1194
ISSN:2029-4913
Container-title:Technological and Economic Development of Economy
language:
Short-container-title:

Author:

Chen Wen¹,Du Xiaoyu²,Lan Wei³,Wu Weili⁴,Zhao Murong⁵

Affiliation:

1. College of Finance, Nanjing Agricultural University, No. 1 Weigang, Xuanwu District, Nanjing, 210095 Jiangsu Province, China

2. Tencent Research Institute, 5/F, Block A, China Technology Exchange Building, 66 North 4th Ring North Street, Haidian District, 100080 Beijing, China

3. School of Statistics, Southwestern University of Finance and Economics, 555 Liutai Avenue, WenJiang District, ChengDu, 611130 SiChuan Province, China

4. School of Finance, Central University of Finance and Economics, 39 Xueyuan South Road, Haidian District, 100081 Beijing, China

5. Economics and Management School, Wuhan University, No. 16, Luojia Mountain, Wuchang District, Wuhan, 430072 Hubei Province, China

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.

Publisher

Vilnius Gediminas Technical University

Subject

Finance

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