Abstract
Sustainable economic development is an important force to enhance the comprehensive national strength. It mainly depends on the breakthrough and innovation of science and technology. The new generation of information technology (NGIT) is the most active field in scientific and technological innovation. It is of great significance to deeply consider the relationship between the new generation of information technology and the sustainable development of a regional economy. In this study, 29 provinces and cities in China from 2009 to 2018 were selected and use the feasible generalized least squares (FGLS) method to empirically analyze the impact of the new generation of information technology on the sustainable development of regional economy. Simultaneously, it analyzes the differences between NGIT and economy sustainable development of the regional economy under different institutional environments. According to the research results, there is a positive correlation between new-generation information technology and the sustainable development of a regional economy. There is a positive U-shaped relationship between the penetration depth of NGIT and the sustainable development of a regional economy. Simultaneously, the higher the institutional environment’s level, the stronger the positive relationship between the penetration of NGIT and the sustainable development of a regional economy.
Highlights
Accepted: 19 January 2021The new generation of information technology (NGIT) is the core of China’s current development, which is an important measure to achieve the international competitiveness of China, such as China made 2025, Internet accelerated speed, and Artificial Intelligence (AI) action [1]
The way of resource allocation has changed; NGIT has penetrated a series of links in the value chain, such as R & D design, production control, marketing, and so on, which breaks the boundaries between R & D, manufacturing and service, to optimize resource allocation, promote the upgrading of traditional industries, and promote sustainable development of regional economy
Existing studies have shown that areas with high institutional environment levels tend to have a closer intra-industry and inter-industry connection network, which is more conducive to the sustainable development of regional economy [34]
Summary
The new generation of information technology (NGIT) is the core of China’s current development, which is an important measure to achieve the international competitiveness of China, such as China made 2025, Internet accelerated speed, and Artificial Intelligence (AI) action [1]. It can provide technical support and reform opportunities for enterprises in various industries and form a new complex network space system [1] In this system, the way of resource allocation has changed; NGIT has penetrated a series of links in the value chain, such as R & D design, production control, marketing, and so on, which breaks the boundaries between R & D, manufacturing and service, to optimize resource allocation, promote the upgrading of traditional industries, and promote sustainable development of regional economy. This article mainly studies the following issues: (1) the influence of the penetration breadth of NGIT on the sustainable development of the regional economy; (2) the influence of the penetration depth of NGIT on the sustainable development of the regional economy; and (3) the modulatory role of the institutional environment
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
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 call
