Association between Regional Digitalization and High-Quality Economic Development

Chunhua Luo, Dianlong Wei, Wunhong Su () and Jinjing Lu
Additional contact information
Chunhua Luo: School of Accounting, Hangzhou Dianzi University, Hangzhou 310018, China
Dianlong Wei: School of Accounting, Hangzhou Dianzi University, Hangzhou 310018, China
Wunhong Su: School of Accounting, Hangzhou Dianzi University, Hangzhou 310018, China
Jinjing Lu: School of Urban Economics and Public Administration, Capital University of Economics and Business, Beijing 100070, China

Sustainability, 2023, vol. 15, issue 3, 1-19

Abstract: Regional digitization became an important driving force for high-quality economic development. Digital empowerment can effectively balance factor supply and demand and promote high-quality economic development. This study selects a sample of Chinese cities from 2011 to 2018 to investigate the association between regional digitalization and high-quality economic development. This study further examines the non-linear relationship between regional digitalization and high-quality economic development using market and government governance as threshold variables. This study uses a two-way fixed effects model with a threshold effects model for the econometric analysis. The study finds that regional digitalization effectively contributes to high-quality economic development from three major changes: quality, efficiency, and power. Thresholds of effective markets and productive government characterize the impact of regional digitalization on quality economic development. The more effective the marketization process or the building of a productive government, the more effectively the digitization of the region contributes to high-quality economic development. The contribution of this paper is to reveal the internal logic of the regional digitalization process in advancing quality economic development and to provide new theoretical evidence for action plans to strengthen the construction of efficient markets and responsive government.

Keywords: regional digitization; high-quality economic development; efficient market; government governance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/3/1909/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/3/1909/ (text/html)

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:gam:jsusta:v:15:y:2023:i:3:p:1909-:d:1040986

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().