The Impact of Fiscal Science and Technology Expenditure on Digital Economy: A New Path to Economic Recovery in The Post-Pandemic Era

Yang Xu, Xiaodong Yang () and Qiying Ran
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Yang Xu: Xinjiang University, China
Xiaodong Yang: Xinjiang University, China
Qiying Ran: Xinjiang University, China

Bulletin of Monetary Economics and Banking, 2024, vol. 27, issue 1, 83-98

Abstract: In this study, a multi-dimensional digital economy evaluation index system is constructed to explore the impact of fiscal Science and Technology (S&T) expenditure on digital economy development in China. We reveal the following findings. First, we note that the China’s digital economy level as a whole is rising each year, which is less affected by the COVID-19 pandemic. Second, we document that S&T expenditures positively stimulate digital economy development. Finally, we find that the promotion effect of S&T expenditure on the digital economy is statistically significant, and this promotion effect decreases from the southwest to the northeast due to the COVID-19 pandemic.

Keywords: COVID-19; Fiscal science and technology expenditure; Digital economy; Economic recovery (search for similar items in EconPapers)
JEL-codes: G2 O10 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:27:y:2024:i:1c:p:83-98

DOI: 10.59091/2460-9196.2230

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