Research on the Role of Digital Economy in Industrial Structure Optimization Evidence from China's Provincial Panel

Abstract

The development of digital economy not only promotes economic growth, but also promotes the optimization and development of industrial structure. Using the panel data of 31 provinces provided by China Statistical Yearbook, this paper constructs two indicators of digital economy and industrial structure optimization, and uses two-way fixed effect model to study the impact effect, heterogeneity analysis and mechanism analysis of digital economy on industrial structure optimization. The research shows that the development of digital economy has significantly optimized the industrial structure; In different regions of China, the role of digital economy in the optimization of industrial structure is different. The improvement of innovation level and social division of labor will significantly promote the optimization effect of digital economy on industrial structure. The results of this study show that it is necessary to further promote the integration of digital economy and the traditional three industries, and give full play to the enabling role of digital economy with higher quality. We should pay attention to the different impacts of digital economy on industrial structure optimization in different regions and take measures according to local conditions. It is necessary to refine the social division of labor in the region and strengthen the regional innovation ability, so as to give full play to the optimization efficiency of digital economy on industrial structure.