Economic Boom Research Articles

The «great experiment» of cheap labor in Mauritius: a historical perspective

ABSTRACT The aim of this article is to demonstrate that the indenture system contributed to the development of a work ethic that facilitated the development of the Mauritian economy. The indentured labor system in Mauritius, though crucial for the island’s economic boom in the 19th century, involved harsh realities for laborers. Long contracts, limited freedoms, and debt bondage masked the ‘free’ labor narrative. Despite the exploitation, some former laborers achieved land ownership and entrepreneurship, showcasing resilience. Recognizing the vulnerability of a sugar-dependent economy, Mauritius embarked on diversification efforts, fostering tourism, manufacturing, and financial services. By examining the indentured labor system, we gain insights into the human cost of economic growth, the complexities of ‘free’ labor, and the long-term consequences of migration. This historical exploration sheds light on Mauritius’ social and economic transformation, highlighting its journey from a sugar-reliant nation to a more diversified and resilient economy.

The Presidency of Bill Clinton after Thirty Years: A Review Article

Abstract Did Bill Clinton destroy the U.S. economy? In a recent book, Nelson Lichtenstein and Judith Stein offer a scathing new critique. In this account, Clinton not only ravaged the United States in his own time but is largely to blame for America's subsequent economic inequality, monopolistic corporations, the Great Financial Crisis, the rise of China, and the advent of Trumpism. And yet, the economic data speak well of the Clinton presidency. He fares poorly on the trade deficit and economic inequality but otherwise delivered a balanced economic boom, far better than most administrations of the past fifty years. How do we square the withering criticisms of Lichtenstein and Stein with Clinton's economic achievements? It is correct that globalization and technological change tend to hurt blue-collar workers. And because Clinton embraced these forces and sought to place the United States at their headwaters, he may, indeed, be a “fabulous failure” from Lichtenstein and Stein's perspective. But the authors, each a labor historian and advocate, willfully dismiss the benefits that the nation as a whole, including workers and their children, enjoyed under Clinton. They also ignore the financial and military crises that Clinton averted. Overall, the Clinton administration created a wealthier and more competitive economy, albeit at the expense of those workers most vulnerable and least able to change. That is, Clinton helped transform the U.S. economy, just not along the lines that Lichtenstein and Stein prefer.

Government-Business Relations in Policymaking During the New Order Indonesia

Government–business relations have been central to general discussions on policymaking in democratic states. This study analyzes government–business relations in policymaking during economic booms and crises in New Order Indonesia (March 1966–May 1998). The analysis is based on pluralist, state autonomy, and capacity theories, and critical discourse analysis is applied to textual sources to reveal the historical dimensions of policymaking during the economic booms and downturns under the New Order Indonesia. The findings show that policymaking during these periods was characterized by complex, dialectical, and dynamic relations between the government and businesses.

The Impact of Employee Stock Ownership Plans on Capital Structure Decisions: Evidence from China

The determination of the capital structure is a critical component of a company’s financial decision-making process. The question of how to optimize a firm’s capital structure to increase its value has been a significant topic of interest within the financial community. The employee stock ownership plan (ESOP) has developed rapidly in China’s capital market over the past decade, providing a suitable context for studying the impact of employee equity incentives on capital structure decisions. This paper employs cross-sectional ordinary least squares regression models and unbalanced panel fixed effect models to investigate the impact of employee stock ownership plans (ESOPs) on firms’ capital structure decisions. The analysis is conducted on a sample of Chinese A-share listed companies on the Shanghai and Shenzhen Stock Exchanges. The research considers both static capital structure choice and dynamic capital structure adjustment. We find that the implementation of an ESOP reduces the level of corporate debt and accelerates the dynamic adjustment of capital structure, suggesting that employee equity incentives play a role in optimizing firms’ capital structure decisions. We also find that the impact of ESOPs on the dynamic adjustment of capital structure is asymmetric. Specifically, the implementation of ESOPs markedly accelerates the downward adjustment of capital structure, yet has no impact on the upward adjustment of capital structure. Further analysis demonstrates that the impact of ESOPs on capital structure decisions is contingent upon the macroeconomic environment, industry characteristics, corporate governance, and ESOP contract designs. First, the optimization of ESOPs on capital structure decisions is more pronounced in an economic boom environment, in a poor market climate, or in competitive industries. Second, the reduction effect of ESOPs on corporate debt is more pronounced in non-state-owned companies, high-tech companies and those with lower ownership concentration. In contrast, the acceleration effect of ESOPs on capital structure adjustment is more pronounced in state-owned companies, non-high-tech companies and those with higher ownership concentration. Ultimately, ESOPs financed by loans from a firm’s major shareholders—or with a longer lock-up period, smaller shareholding size or executive subscription ratio—demonstrate a more pronounced optimization effect on capital structure decisions. This paper not only contributes to the existing literature on the relationship between equity incentives and capital structure decisions, but also provides guidance for listed companies on the reasonable design of their ESOPs and the optimization of their capital structure decisions.

Breathless Returns: Assessing Air Pollution's Influence on Dividend Yields in Pakistan and the USA

Enterprises and companies are also impacted by air pollution in addition to people and the environment. Air pollution can result in decreased output and sharp rises in healthcare costs. Publicly traded firms' profitability and stock prices are significantly impacted by air pollution. Dividend yield, which has significant importance to investors, is a critical component of stock market growth. The relationship between air pollution and dividend yield can give investors relevant information on the financial success of businesses. Pakistan has been chosen as a case study for research on how air pollution affects dividend yield. In order to better understand the possible effects of air pollution on financial performance in emerging nations, it is fascinating to look at Pakistan, which has a booming economy and a rising stock market. Pakistan stock exchange (PSX) and S&P 500 stock exchanges' dividend yields are compared to see how air pollution affects them. In their respective regions, they are two of the most well-known and recognized stock market indices. This study employed regression analysis to look at the relationship between dividend yield and air pollution. Finding relationships between the variables and examining how air pollution impacts dividend yield were the two goals of the investigation. The results of the investigation depict that dividend yield is significantly impacted by air pollution.

Factors influencing wildmeat trade in Guyana and expected changes in the context of the oil-related development prospects

The recent offshore oil discovery in the Guiana Shield is expected to bring about significant changes to the area, such as increased GDP per capita, infrastructure development, and urbanization. The potential impact on the wild meat trade depends on factors influencing its demand and provision. Through interviews and group discussions with trade chain stakeholders in all towns of Guyana, we evaluate wildmeat trade sector and explored predicted changes on it in 2033 with the prospects for short term oil-related development. The most traded species in Guyana included paca, white-lipped peccary, deer, tapir and capybara and a total of 38.46 % (5 out of 13) of the taxa being traded is classified as threatened of extinction. Regions with higher population size and GDP per capita, are the main trade hubs for wildmeat. Access to improved preservation methods (e.g. freezers) and motorized transportation options (eg.: boat with engines and vehicles) significantly influence higher volumes of wildmeat traded. The economic growth anticipated in Guyana is expected to boost population growth and, by the same time, wildmeat demand in urban areas. Concomitantly, with improved infrastructure and increased access to electricity, wildmeat provision will be facilitated across a wider catchment area. Based on the assumption that cultural patterns shaping wildmeat demand and environmental regulations will likely not change at the same rapid path as economic growth in the next ten years, we predict wildmeat trade volumes to increase to 10,280 tons/year by 2033. We identify three main opportunities to ensure a sustainable wildmeat sector in the context of the economic boom: First, the sector requires to be well regulated through a licensing and a quota system that can be adequately enforced. Second, efforts to curve demand on the Coast need to be strengthened based on well designed and culturally adapted behaviour change campaigns. Third, local communities and indigenous people need to be empowered to protect and conserve their territories and wildlife resources, in particular with the authority to exclude illegal hunters.

Industrial Policy and Democratic Corporate Governance: Perspectives from the BNDES Case

In the early twenty-first century, Brazil underwent a remarkable economic boom, primarily driven by the Brazilian National Bank of Economic and Social Development (BNDES). This state-owned financial institution spearheaded a new industrial strategy, sponsoring domestic companies, such as Odebrecht and JBS, to their internationalisation. Nevertheless, this initial successful story took a dramatic turn. Over the years, the Brazilian national champions found themselves involved in corruption scandals, human rights violations and environmental damage, with BNDES indirectly funding these activities. This article seeks to discuss this crony capitalism arrangement, examining the role of corporate governance in safeguarding industrial policy from capture. We conclude by exploring how a democratic model of corporate governance could provide some insights for addressing this issue.

Calibrating Ukraine’s Growth Model: How Can Ukraine Emulate Poland’s Growth?

This study provides a comparative analysis of the economic growth paths of Ukraine and Poland from a growth‑model perspective and determines how to calibrate Ukraine’s growth model to converge with Poland’s booming economy. The methodology comprises an approach to operationalizing growth models for GDP growth decomposition into “import‑adjusted” demand components, drawing on national input‑output data from 2000 to 2019. I found that from 2000 to 2003, both European economies relied on a combination of exports and domestic consumption. Expanded trade integration and an FDI boost after Poland joined the EU in 2004 spurred the Polish growth model’s shift to a distinctively export‑led, FDI‑driven strategy with accelerated GDP growth rates. In Ukraine, in the wake of the great financial crisis, I identified a transition to a consumption‑led growth model that, along with a declining investment component of aggregate demand, led to fading growth rates. An analysis of sectoral contributions to GDP growth revealed that avoiding deindustrialization in Poland underpinned the country’s export‑led strategy, unlike Ukraine, which underwent a key sectoral shift from manufacturing to a commodities‑based orientation after 2008. Both these economies demonstrated a high level of integration into global value chains, focusing on labor‑intensive manufacturing and services, but Poland has outperformed Ukraine in terms of share of high value‑added exports, which increased after EU accession. Following the Polish pattern, I propose that Ukraine’s growth model should activate the FDI driver of economic growth, upgrading the export structure and moving up value chains to unlock the country’s growth opportunities. The study represents the first comparison of Ukraine’s and Poland’s economic growth paths that traces the changes in dominant final demand components and macro‑sectors in the two countries’ economic growth profiles. This paper contributes to the comparative political economy literature on the growth models of peripheral economies, providing insights that can inform policies for growth model transformation.

OSTRICHES AND GEOTOURISM: THE EVOLUTIONARY PATHWAY OF A SMALL TOWN TOURISM DESTINATION IN SOUTH AFRICA

Small towns are a critical tier in the settlement hierarchy. For many small towns tourism is a vital sector of local development. This paper contributes an historical perspective on small town destination development. Using archival sources the paper provides a window on the evolutionary development of one small town tourism destination in South Africa. The case study is Oudtshoorn in the Western Cape. During the late 19th century and early 20th century Oudtsthoorn experienced phases of economic boom and bust which linked to international fashion and the trade in ostrich feathers. The imprint of this era is manifest in the town’s landscape of ‘feather palaces’. In terms of early 20th century tourism growth it is demonstrate d geotourism was a critical driver with the asset of Cango Caves. In the period after the Second World War, the local tourism economy diversifies with the revival and reorientation of ostrich farming which incorporates ostriches as tourism attractions. The evolutionary pathway of this small town changes such that its local tourism economy is anchored on the dual foundations of its geotourism and ostrich attractions.

Does the digital economy really help reduce industrial carbon intensity? Empirical evidence from intermediate inputs of digital products in China.

The booming digital economy is promoting industrial upgrading and transformation, providing an opportunity for the industrial low-carbon development. Based on input-output analysis and panel data regression, the impact of the input of intermediate digital products on Chinese industrial carbon intensity from 1997 to 2017 has been evaluated. The results reveal that the input of China's intermediate digital products can significantly reduce industrial carbon intensity, and significantly reduce the carbon intensity of non-energy-intensive industries. It has also been discovered that the input of intermediate digital product manufacturing can significantly reduce the carbon intensity of different types of industries, while the input of the intermediate digital products services industry has no significant effect on the reduction of industrial carbon intensity. Channel analysis shows that the input of the intermediate digital products can reduce industrial carbon intensity by improving productive efficiency and promoting innovative technology. In the current climate, it is especially necessary to increase the input of the intermediate digital product manufacturing industry in industrial development.

Creating a speech portrait of a modern Chinese teacher in online media

The purpose of the study is to identify the speech characteristics of modern Chinese teachers. The object of the study is the blog(s). Special attention is paid to the visual and auditory design of the video material: the presence of music, the design of the room, the style of the blogger's clothes, the manner of speech. The desire to show their own market attractiveness against the background of competitors, the desire to become popular and have their own audience on the Internet motivates bloggers to show authority in a variety of ways. The research material was two commercials of English language courses on the "bilibili" platform. The coronavirus infection has pushed the Chinese government and private educators to develop online teaching platforms, among which the bilibili video hosting can be cited as example. Users of this platform have the opportunity not only to watch videos, but also to purchase video courses on various topics. The work uses a descriptive method (observation, interpretation, generalization). In the course of the study, the speech analyzer programs Text-Analyzer and Cathoven were used, with the help of which the approximate level of oral text on the CEFR scale was determined. As a result of the analysis, the main features of the speech portrait of the teacher-blogger were highlighted, and the importance of the image on the Internet for attracting an audience was emphasized. The main contribution of the author is a comprehensive study of the image of a modern teacher in Chinese linguoculture. Along with the economic boom and the development of social networks in China, there has been a reassessment of traditional values. The penetration of Western mass culture has had a strong impact on the population, especially on the younger generation, who use the Internet to a greater extent and consume entertainment and educational content. This influence has not spared modern Chinese teachers. Studying the image of a Chinese teacher in modern realities will help to update information about Chinese culture, its synthesis with modern mass culture and traditional Confucian values.

An ARDL Approach to Investigate the Effectiveness of Fiscal and Monetary Policies in Making Bangladesh, A Role Model of Development

ABSTRACT: The purpose of the study is to analyze the relative efficacy of monetary and fiscal policies in fostering economic growth in Bangladesh concerning predictability, speed, and magnitude. Moreover, it aims to find the relationship between the economic boom of Bangladesh and two measures of macroeconomic management i.e., monetary and fiscal policy. The ARDL model and bound test are applied to examine the long-term link between monetary policy, fiscal policy, and economic growth. Data is obtained from the World Development Indicator (WDI) for Bangladesh for the period 1974 to 2022. Several diagnostics tests like CUSUM and CUSUMQ are used to identify both the strengths and weaknesses of the models. The findings demonstrated a long-term correlation between the two policies and economic growth. According to the calculated short-run coefficients, the short-term effect of fiscal policy is mentionable but the effect of monetary policy is negligible in the short term. But over time, the immediate effects become noteworthy. The long-term outcomes indicated that both fiscal and monetary policies have a favorable and substantial long-term impact on economic growth. The result shows fiscal policy is more effective compared to monetary policy for making Bangladesh, a role model of Bangladesh. Furthermore, all the diagnostics tests showed the stability of the estimated ARDL model. Expansionary fiscal and monetary policies lead to higher government spending and an increase in the money supply, which raises GDP levels. Conversely, if government spending and the money supply decline (contractionary fiscal and monetary policies), the GDP level falls. As a result, this study suggests using expansionary policies to boost Bangladesh’s economy.

Impactos das Atividades Agrícolas em Área de Amazônia Legal: Análise Espaço-Temporal das Mudanças de Cobertura do Solo entre 1985 e 2022

The Brazilian Forest Code stipulates the conservation of 80% of forested areas on rural properties as legal reserves. However, in recent decades, the expansion of agricultural areas has resulted in significant alterations to land use and cover. The objective of this investigation is to analyze the changes and transformations that have occurred in land use and coverage in the city of Sinop-MT, which is derived from the occupation of the Brazilian Legal Amazon. The spatio-temporal change between the years 1985 and 2022 was investigated. The methodology employed to obtain the maps was through the MapBiomas Platform. Socioeconomic reports were collected from the Brazilian Institute of Geography and Statistics (IBGE) database. The results indicated that agriculture in the region advanced significantly between 1995 and 2005, corresponding to the economic boom under the Real Plan. This period saw a surge in territorial expansion in the northern region of Mato Grosso, which was encouraged by the federal government. This expansion led to high rates of deforestation. Nevertheless, in 2004, monitoring programs were initiated with the objective of containing deforestation in the Legal Amazon. This resulted in the cessation of agricultural expansion between the years 2005 and 2022.

Spanish Boom-bust Cycle Within the Euro Area: Credit Expansion, Malinvestments & Recession (2002-2014)

Spanish Boom-bust Cycle Within the Euro Area: Credit Expansion, Malinvestments & Recession (2002-2014)

A Timeline of Journalistic Influence of Writing on the Gilded Age in American Literature

The themes found in the writings by authors during the Gilded Age are still prevalent in writings of the twenty-first century. The Gilded Age, a term used to describe a period of economic boom after the American Civil War at the turn of the century, influenced communication to readers by using the ethos unearthed by writers who were opposed to a particular politician and their policies. The Gilded Age was a time of rapid economic growth through the invention of the railroad and business. What looked like a golden time was an era of great growing pains in America between the industrial worker and the wealthy business owner. What the Gilded Age symbolized in both life and writing has become a model of writing that extended to current literature. American writers contributed to a great body of literature that flourished during the Gilded Age. The Gilded Age was a time of rapid economic growth through the invention of the railroad and business. Literature was used as a social revolt that violated the growing power of business and growing government corruption that outlined the utopias of the inefficiency of a capitalistic system. Within genres of writing such as Poetry, the later nineteenth century, and early years of the twentieth century were a poor period for American poetry providing themes of distress, doubts, and fears about American life. Within the genres of writing, newspaper writing played a crucial role in exposing scandals, the pathos of the American Dream, and the logos or persuasion by using the trials of society. Writing was a powerful communication tool during the Gilded Age that allowed writers to target events during this era. Newspaper writing was important to communicating prominent issues to the public, as it upheld ideals to question government and keep it accountable. However, the Gilded Age writings helped to permanently etch in the minds of readers the importance of themes that were prevalent post-Civil War that impacted the writing and writers of American Literature.

A hybrid SgDT framework for risk analysis of container-handling operations at automated container terminals

With the booming maritime economy and the steady expansion of port production, automated container terminals (ACTs) have rapidly developed worldwide. The safety and stability of container-handling operations at ACTs are crucial for maintaining high efficiency and performance in maritime transportation and global supply chains. However, few studies have focused on the quantitative risk analysis of container-handling operations at ACTs. This study proposes a hybrid SgDT (STPA-grey-DEMATEL-TAISM) approach to analyze risk factors and their coupling interrelationships within ACT handling operations. Initially, 22 factors influencing ACT handling operations were identified based on the system theoretic process analysis (STPA) model and literature. Subsequently, grey theory and decision-making test and evaluation laboratory (DEMATEL) were fused to visualize the cause-effect relationships of these factors. Finally, the total adversarial interpretive structural model (TAISM) was adopted to extract the hierarchical interrelationships among these factors using an adversarial hierarchical structure. The findings showed that poor supervision, communication network failures, sensor malfunctions, equipment malfunctions, lack of safety awareness, and interruptions of the power supply are the most critical factors influencing ACT handling operations. This study provides theoretical insights and practical implications for managers to enhance ACT handling risk management.

Geopolitical risks, institutional environment, and food price inflation

ABSTRACT This study investigates the relationship between heightened geopolitical risks and food price inflation using a panel data model that includes 33 countries from 2001 to 2020. Key findings show that geopolitical risks significantly raise the level of food price inflation, with a more pronounced effect observed in developing countries, and a reduced effect in countries characterized by high levels of individualism and masculinity. Furthermore, the effect of geopolitical risks on food inflation is moderated during economic booms and amid climate change concerns. In addition, we find that countries with strong connections to major food producers experience less impact from geopolitical risks. The study concludes that geopolitical risks are a crucial factor in food price inflation, particularly for vulnerable countries, suggesting that they should incorporate geopolitical considerations into their economic policies and strengthen ties with major food producers to mitigate this risk.

Retailer Information Sharing With Upstream Product Line Flexibility

With the rise of the digital economy, many firms are enhancing product line flexibility (i.e., the ability to adjust product line length or depth) to better manage demand uncertainties brought about by disruptive technologies. Concurrently, the booming digital economy has widened the information gap in supply chains. Retailers/platforms can now gather more detailed data to predict demand, but such data remains unavailable to manufacturers. This article studies how a manufacturer’s product line flexibility influences a retailer’s incentive to voluntarily share private demand information. We show that upstream product line flexibility encourages a retailer to voluntarily share information when product substitutability is low and the product line extension fee is moderate. This insight challenges the conventional belief that retailers should keep demand information private to maintain an advantage over manufacturers. Our work is the first to suggest that upstream product line flexibility can significantly motivate retailer information sharing. Additionally, we show that, although a social planner might prefer to withhold demand information from the manufacturer in the absence of product line flexibility, sharing this information becomes preferable when the manufacturer can adjust the product line length. The retailer’s decision on information sharing can align with the social planner’s in such scenarios. Furthermore, we demonstrate that, given upstream product line flexibility, except when product substitutability is not sufficiently high and the product line extension fee is moderate, the retailer’s information sharing decision is unaffected by whether the manufacturer determines the product line design before or after demand is realized and shared accordingly.

Comparison of Aedes aegypti arbovirus transmission thresholds in two communities with differing water supply infrastructure

BackgroundTo assess whether the ‘economic boom’ in the tropical seaport city of Barranquilla improved tapped water supplies to socio-economically poor neighbourhoods resulting in: (1) their reduced use for domestic water-storage in large (> 1,000-litre) custom-made cement tanks which are their principal Aedes aegypti breeding sites and (2) their pupae/person index (PPI) values to below their established 0.5–1.5 PPI arbovirus transmission-threshold value, compared to matched neighbourhoods in the: (a) pre-economic boom (2004) period in Barranquilla and (b) economically-neglected seaport city of Buenaventura.MethodsThe simple, accurate and robust water surface sweep-net/calibration factor or total count methods were used to determine the total Ae. aegypti pupae numbers in greater or less than 20-litre water-holding container types located ‘inside’ or ‘outside’ these neighbourhood premises. The women residents also participated in questionnaire-based responses about their domestic water supplies, water-storage and maintenance and mosquito life stages and disease transmission knowledge, to subsequently plan appropriate resident education programmes. Microsoft Excel 8.0 with OpenEpi was used to determine the samples sizes and the statistical values.ResultsTapped water supplies to the three poor Barranquilla neighbourhoods were dramatically increased from 2004 to 2023 resulting in their residents significantly reducing their: (a) large cement water-storage tanks from 1 per 6.9 (2004) to 1 per 31.2 (2020) premises (z = 10.5: p = 0) and (b) PPI values to 0.16, 0.19 and 0.53 (mean: 0.29: 95% CI ± 0.4) in each study neighbourhood. In contrast, tapped water supplies remained inadequate in the Buenaventura neighborhoods, thereby resulting in their continued use of many large (> 1,000-litre) water-storage containers (Barranquilla: 1 per 31.2 and Buenaventura: 1 per 1.5 premises: z = − 9.26: p = 0), with unacceptably high 0.81, 0.88 and 0.99 PPI values in each study neighbourhood (mean 0.89: 95% CI ± 0.12).ConclusionsImproved tapped water supplies resulted in reduced numbers of large custom-made stoneware water-containers, as are employed by poor residents throughout the world, as well as their Ae. aegypti PPI transmission threshold values which, together with appropriate residents’ education programmes, are also urgently to reduce to prevent/reduce Ae. aegypti transmitted human diseases globally.

Effective approach toward low-carbon development: Digital economy development enhances carbon efficiency in cities

The report of the 20th National Congress of the Communist Party of China (CPC) proposes to accelerate the development of the digital economy and promote “carbon neutrality”. In 2020, China announced a “double carbon” target. In 2022, the size of China's digital economy has reached 7.5 trillion dollars, ranking second in the world. Against this background, this paper takes 211 cities in China from 2011 to 2019 as the research object and tries to sort out the impact of the development of the digital economy on the carbon efficiency of cities in order to find an effective path for cities to realize low-carbon development. The results of the study show that the development of the digital economy significantly improves the carbon efficiency level of Chinese cities. After a series of endogeneity and robustness tests, the conclusion still holds. Public environmental concern and technological innovation are the key mediating paths. In addition, the digital economy has a significant non-linear effect on the carbon efficiency of Chinese cities. On the one hand, the low-carbon effect of the digital economy is only realized when the level of digital economy development is lower than the critical value of 0.040 and higher than the critical value of 0.085; on the other hand, the lower the level of urban carbon efficiency is, the greater the effect of the digital economy on urban carbon efficiency. Further research shows that the digital economy has a significant spatial spillover effect on the improvement of urban carbon efficiency, and the development of the digital economy not only helps to improve the carbon efficiency level of the local city but also positively influences the improvement of the carbon efficiency of neighboring cities through the spatial spillover effect. The heterogeneity study found that in eastern cities and megacities, the digital economy has a more obvious effect on the improvement of carbon efficiency. In the context of the booming digital economy, this paper tries to find an effective new path for urban low-carbon development by means of developing the digital economy.