Mechanism Analysis of Digital Economy on Industrial Structure Upgrading

DOI

10.2991/978-94-6463-488-4_37How to use a DOI?

Keywords

digital economy; industrial structure upgrading; urbanization level

Abstract

China’s advancement in the economic realm has ushered in a fresh era, wherein the transformation and upgrading of its industrial structure stand as the sole pathway to attaining high-caliber economic progress. The digital economy has become the main driver to promote economic development and optimize the industrial structure. Utilizing data from 31 Chinese provinces spanning from 2011 to 2021, a dual fixed effects model has been established to investigate the impact of the digital economy on the evolution and enhancement of industry frameworks. This model accounts for both time-invariant unobserved heterogeneity at the provincial level and time-varying factors that could affect the relationship between the digital economy and industrial upgrading. A mediation effect model is employed to examine the process through which urbanization influences the advancement of industrial upgrading by utilizing intermediate mechanisms. The analysis reveals that the digital economy plays a beneficial role in shaping industrial sectors, with varying degrees of impact across regions. Specifically, the eastern part of the country experiences a more pronounced promotive effect from the digital economy, suggesting a stronger potential for this sector to drive structural improvements in the industrial landscape of the east compared to other regions. The model’s findings provide insights into how policymakers can leverage the digital economy to foster more efficient and competitive industrial sectors, which is essential for sustainable economic growth in China.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Haixia Wang
PY  - 2024
DA  - 2024/08/29
TI  - Mechanism Analysis of Digital Economy on Industrial Structure Upgrading
BT  - Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)
PB  - Atlantis Press
SP  - 332
EP  - 340
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-488-4_37
DO  - 10.2991/978-94-6463-488-4_37
ID  - Wang2024
ER  -