On the impact of provincial digital economy on high-quality economic development in China from a regional heterogeneity perspective

Yuping Song, Jiahui Pei, Jiaxin Zhang and Yisha Shi
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Yuping Song: School of Finance and Business, Shanghai Normal University, Shanghai 200033, P. R. China
Jiahui Pei: ��School of Economics, Central University for Nationalities, Beijing 100081, P. R. China
Jiaxin Zhang: ��School of Economics, Shanghai University, Shanghai 200444, P. R. China
Yisha Shi: �School of Artificial Intelligence, Beijing University of Posts and Telecommunications, Beijing 100876, P. R. China

International Journal of Financial Engineering (IJFE), 2024, vol. 11, issue 03, 1-28

Abstract: Based on the data of 30 provinces in China from 2013 to 2021, this paper constructs indicators of the level of development of the digital economy, and explores the impact of the digital economy on the high-quality development of the economy based on the perspective of regional heterogeneity, using static and dynamic panel models. It is concluded that (1) the digital economy promotes high-quality development of the economy, and the eastern part of the country is particularly significant; and (2) the digital economy can promote high-quality development of the economy by promoting the innovation capacity of provinces and cities and reducing their carbon emissions. Finally, we put forward the recommendations of “vigorously developing the digital economy; improving the infrastructure construction and talent training in each region; establishing a regional coordination and linkage mechanism; and improving the development strategy of the digital economy†, so as to promote the high-quality development of the economy.

Keywords: Digital economy; high-quality economic development; regional heterogeneity (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S2424786324500154

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