Study on the Impact of the Development of Digital Economy in RCEP Member Countries on China's Export Trade

Abstract

With the rise of the global wave of digitisation, the digital economy has become an important driver of international trade. This study aims to deeply explore the impact of the development of digital economy in RCEP member countries on China's trade. On the basis of the panel model which comprehensively analyses three kinds of digital economy development status measurement indicators such as digital economy development status, digital information industry and digital cultural resources input of RCEP countries, it assigns values to the digital economy development status of each country by means of the fixed effect model and empirically proves the relationship between the digital economy development level of member countries and the development of China's export trade. The results show that the digital economy development capacity of RCEP member countries will have a positive promotion effect on the overall improvement of China's foreign trade and export volume, and the conclusions drawn from the empirical results provide suggestions and countermeasures for the high-quality development of China's digital economy to promote foreign trade and export.