Abstract
As the driving force for the upgrading of the global industrial structure, digital technology has been at the helm of transforming the current economic and technological paradigm. This study empirically analyzes the role of the digital economy in the upgrading industrial structure using panel data from 237 prefecture-level cities in China from 2011–2019. Empirical results show that the development of the digital economy has a significant positive and direct effect on the upgrading of industrial structure, as measured by the two indicators of advancement and servitization. In addition, the digital economy significantly promotes upgrading of the technological progress and human capital of Chinese cities, thus promoting upgrading of the industrial structure. Moreover, the spatial autoregressive model (SAR) and the Spatial Durbin model (SDM) both show that the digital economy has a positive spatial spillover effect on upgrading of the industrial structure.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
