Synergistic Evolution of China’s Green Economy and Digital Economy Based on LSTM-GM and Grey Absolute Correlation

Author:

Xu Guoteng1ORCID,Peng Shuai1,Li Chengjiang2ORCID,Chen Xia3

Affiliation:

1. State Key Laboratory of Public Big Data, Guizhou University, Guiyang 550025, China

2. School of Management, Guizhou University, Guiyang 550025, China

3. School of Modern Post, Beijing University of Posts and Telecommunications, Beijing 100876, China

Abstract

This study aims to understand the synergistic evolution of the green and digital economies towards sustainable development. Previous research lacked quantitative analysis, which hindered the development of a comprehensive understanding. An evaluation index system is established using the CRITIC and entropy weight combination methods. The TOPSIS model is utilized to evaluate indicators and derive a comprehensive development index for both economies. The LSTM-GM model is employed to predict the evolutionary trends for the next five years. The absolute grey correlation model is applied to analyze historical and future synergistic evolutionary trends. Findings show increasing levels of green and digital economic development. The digital economy promotes green economic development by enhancing efficiency through innovation and upgrades. The green economy facilitates the structural adjustment of the digital economy by reducing emissions and enhancing resource utilization. Predictions indicate a steady growth in both economies and an increasing synergistic evolution. Based on the analysis, policy recommendations are proposed to promote the integration and development of the digital and green economies, facilitating high-quality synergistic growth.

Funder

National Natural Science Foundation of China

Key Research Base of Humanities and Social Sciences of Guizhou Provincial Department of Education and Humanities

Guizhou Office of Philosophy and Social Science Planning China

Publisher

MDPI AG

Subject

Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development,Building and Construction

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4. (2023, April 17). China Issues White Paper on Green Development in New Era, Available online: http://english.scio.gov.cn/whitepapers/2023-01/19/content_85067675.htm.

5. (2023, September 21). Digital Economy Report 2021|UNCTAD. Available online: https://unctad.org/publication/digital-economy-report-2021.

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