Research on the Influence of Market Distortion of Deep-sea Equipment Supporting Industry on Digital Green Transformation in Hainan Province from the Perspective of Innovation Efficiency

Zhiren Zeng (), Yun Tong (), Meixuan Zhang () and Jiayu Wang ()
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Zhiren Zeng: Hainan University, College of International Tourism and Public Administration
Yun Tong: Hainan University, College of International Tourism and Public Administration
Meixuan Zhang: Hainan University, College of International Tourism and Public Administration
Jiayu Wang: Hainan University, College of International Tourism and Public Administration

A chapter in Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024), 2024, pp 120-130 from Springer

Abstract: Abstract Faced with economic shifts, Hainan’s deep-sea equipment sector is crucial for regional prosperity, with digital and green advancements significantly impacting GDP growth. This study explores the factor market distortions that hinder industry transformation, affecting innovation and investment. The research finds that although digital green initiatives have positive economic potential, market distortions limit these benefits. This paper presents policy recommendations to optimize market factors, enhance innovation, and accelerate industry transformation to revitalize Hainan’s economy.

Keywords: Innovation Efficiency; Market Distortion; Digital Advancement; Ecological Growth; Hainan Deep-Sea Support Industry (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-638-3_13

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DOI: 10.2991/978-94-6463-638-3_13

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