EconPapers    
Economics at your fingertips  
 

Digital economy, technical change and total factor productivity: Empirical evidence from high-tech industry in China

Linyan Zhang, Chunyu Hu, Chuanyin Guo and Jianguo Wang

Telecommunications Policy, 2024, vol. 48, issue 9

Abstract: This study uses the Hicks-Moorsteen index method to examine the impact mechanism of the digital economy on the total factor productivity and its decomposition efficiencies of the high-tech industry in China. The results show that the total factor productivity of the high-tech industry in the research and development phase is significantly and positively influenced by the primary phase of digital economy development. Digital economy development has a positive impact on technical change, according to the specific path analysis, which has an inverted U-shaped nonlinear characteristic. With a U-shaped nonlinear characteristic, it has a significant and persistent negative impact on efficiency changes, where the positive impact of technological spillovers on the digital economy outweighs the negative impact of technological shocks. The threshold effect test shows that the best condition for promoting total factor productivity and its decomposition efficiency in the R&D stage of high-tech industry was achieved when the digital economy composite index was between 2.611 and 2.747.

Keywords: Digital economy; Total factor productivity (TFP); Hicks-moorsteen index; Nonlinear impact; Threshold effect; High-tech industry (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0308596124001319
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:telpol:v:48:y:2024:i:9:s0308596124001319

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/30471/bibliographic
http://www.elsevier. ... /30471/bibliographic

DOI: 10.1016/j.telpol.2024.102834

Access Statistics for this article

Telecommunications Policy is currently edited by Erik Bohlin

More articles in Telecommunications Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:telpol:v:48:y:2024:i:9:s0308596124001319