How Does the Digital Economy Drive High-Quality Regional Development? New Evidence From China

Ying Guo and Fuxin Jiang

Evaluation Review, 2024, vol. 48, issue 5, 893-917

Abstract: The digital economy, which boasts general technology, intense penetration, platform ecology, and low marginal cost, is a product of advanced digital technology. This new engine has become a driving force for high-quality economic development. From the three aspects of development momentum, efficiency, and structure, this paper profoundly explores internal mechanisms to lead the high-quality growth of the regional economy. By constructing an econometric model, the influence effect and means of the digital economy on the high-quality development of the regional economy are empirically tested. The digital economy and its three sub-dimensions can significantly promote the high-quality development of the regional economy. However, industrial digitalization has the most vital role in promoting it. The digital economy has shown a more vital promotion role in the central and western regions and provinces with low total factor productivity, and it can indirectly impact high-quality economic development by promoting dynamic, efficient, and structural changes.

Keywords: digital economy; total factor productivity; mediation effect; high-quality development (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:evarev:v:48:y:2024:i:5:p:893-917

DOI: 10.1177/0193841X231213128

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