Development Of Digital Economy Research Articles

Impact of the digital economy on total factor energy efficiency: evidence from 268 Chinese cities.

Due to the advancement of digital technology, the digital economy has developed rapidly, profoundly changing human production and lifestyles, thereby promoting the dual digital transformation of the energy supply and demand sides and having a profound impact on energy utilization efficiency. Based on measuring the total factor energy efficiency (TFEE) of 268 cities in China from 2011 to 2019, we analyze the total and indirect effects of the digital economy on TFEE using a mediated effects model and examine the effects of urban heterogeneity from the perspectives of geographical location, city size, and resource endowment. The results show that the digital economy has a significant positive contribution to TFEE. In addition, the digital economy can promote TFEE through industrial structure upgrading, technological innovation, and environmental regulation. The test results of the subsample show that there is significant heterogeneity in the impact and mechanism of action of the digital economy on TFEE in different geographical locations, city sizes, and resource endowments. By understanding how the digital economy impacts TFEE, policymakers can formulate effective policies to simultaneously accelerate digital economy development and improve TFEE.

How does the digital economy impact sustainable development? —An empirical study from China

With the rapid advancement of contemporary information technology, the profound amalgamation of the digital and real economy bestows a novel impetus to attain sustainable development. This study constructs the Cobb-Douglas production function from the perspective of cost minimization and combines it with the new economic geography to explore the internal relationships among the digital economy, industrial agglomeration, and sustainable development. Based on panel data from 30 Chinese provinces spanning 2015 to 2021, this study establishes a time-fixed effects model, a mediation effect model, and Shapley Additive Explanations, thereby analyzing the impact and action path of the digital economy on sustainable development and investigating the heterogeneity in regional and industrial agglomeration patterns. These findings indicate that digital economy has a significant positive effect on sustainable development. Industrial agglomeration is an important way for the digital economy to promote sustainable development. Simultaneously, an inverted U-shaped relationship exists between digital economy and industrial agglomeration. Furthermore, the positive effect of the digital economy on sustainable development in the eastern and western regions is more significant than in the northeastern and central regions, and the effect of specialized agglomeration is significantly better than that of diversified agglomeration. Therefore, applying industrial agglomeration and perfecting digital economic laws and regulations and governance rules should be used to give full play to the digital dividend, promote sustainable development, and realize the harmonious development of the economy, society, and environment.

Цифровая стратегия строительной организации и варианты ее реализации

The article discusses ways of implementing the Program for the Development of Digital Economy in the Russian Federation until 2035 adopted five years ago by the Government of the Russian Federation in the construction industry. On the one hand, digital transformation is the most important factor in ensuring the competitiveness of individual construction organizations, and on the other hand, it ensures the effective functioning of the entire industry in the digital economy. However, the existing differences of enterprises and organizations in the construction industry put them in different initial conditions on the way to solving the task, forcing them to form their own version of digital strategy, to choose and implement their own options for its implementation in the dynamically changing conditions of the construction market. As a result of the work, the key features of digitalization strategies of the main groups of construction participants were formulated, and the ways of effective development and implementation of the digital strategy of a construction organization were proposed, taking into account the availability of resources and the level of management development.

Construction of the new development dynamic and development of digital economy: internal logic and policy focus

PurposeThe integration of the digital economy and the real economy has been a key focus in promoting digital economic development. It denotes a comprehensive digital transformation of national economic activities regarding technological infrastructure and production modes, which is crucial for establishing a modern economic system, advancing industrial infrastructure and modernizing industrial chains.Design/methodology/approachFirstly, the study delves into the internal logic behind the emergence of the new development dynamic resulting from digital technology's evolution. Secondly, it explores the mechanism of mutual promotion and support between the new development dynamic and the digital economy based on China's shift in focus from international engagement to the domestic economy during different stages of industrialization. Subsequently, it analyzes the characteristics and critical factors of digital economy development and examines the macro-, meso- and micro-level constraints on these factors. Finally, the paper explores approaches to promoting digital economy development while constructing the new development dynamic and provides relevant policy suggestions.FindingsThe construction of the new development dynamic and the development of the digital economy are inextricably linked, and only by mutually reinforcing each other can they provide an inexhaustible impetus for China's high-quality economic development.Originality/valueThe new development dynamic and the digital economy development form an indivisible whole. The new development dynamic creates the necessary conditions for digital economy development and promotes the formation of digital production modes. In turn, the development of the digital economy should strive to improve the mainstay position of the domestic economy, enhance the synergy between the domestic economy and international engagement, upgrade value chains while improving the supply and the industrial chains in China and ensure a parallel increase in labor income alongside improved productivity.

Observations and Reflections on the Gaming Landscape in Southeast Asia

Discussion of the Asian Video Game market, particularly when focused on digital gamer production, often focus on China, Japan and South Korea. However, communities of Southeast Asia based game makers are emerging. Drawing from first-hand discussion and interview with more than 400 game developers, 50 post-secondary academic faculty and 15 academic organizations and universities, the authors offer perspectives, insights and expected challenges for the region. The findings indicate that a combination of intellectual and creative energy as well as regional political and economic support have helped develop fertile ground for global attention. Most notably the researchers observed a regional interest in shifting toward exploring innovative, original content and increasing educational capacities to explore creative practice in game design. These findings coincide with other reflections of the region's digital economy's development.

Urban digital economy, environmental pollution, and resident's health-empirical evidence from China.

In light of China's rapid advancement in the digital economy and the implementation of the "Healthy China" initiative, it is crucial to assess the impact of the digital economy on residents' health. This study analyzes data from the 2012, 2014, and 2016 China Labor Force Dynamics Survey (CLDS) to evaluate the health of residents using both subjective and objective criteria. Furthermore, it calculates the digital economy development index for Chinese cities and investigates its influence on the subjective and objective health of residents, along with the underlying mechanisms. The empirical results reveal a U-shaped pattern in the effect of the digital economy on health levels, initially detrimental but subsequently beneficial. The analysis of mechanisms shows that the digital economy's development initially increases and then decreases environmental pollution, impacting health through environmental changes. Additionally, the study finds variations in this impact based on age and urban-rural differences, with more pronounced effects on rural and older adult populations, who also experience the U-shaped curve's turning point more rapidly. These findings highlight the necessity of advancing digital economy infrastructure to positively influence environmental quality and improve public health. The study emphasizes the urgent need for policymakers to invest in digital infrastructure to foster a sustainable and healthy future. This requires a holistic approach to development, focusing on both urban and rural areas, to promote inclusive growth and reduce the digital divide.

Digital economy, industrial agglomeration, and green innovation efficiency: empirical analysis based on Chinese data

ABSTRACTThis study measures and analyzes the spatial characteristics of the relevant indices by constructing an evaluation index system. The SBM-DEA model and Tobit regression model were used to empirically test the influence relationship between digital economy, industrial agglomeration, and green innovation efficiency development. The study results show (1) the development level of China’s digital economy, industrial agglomeration and green innovation efficiency shows a heterogeneous character of “high in the east and low in the west” at the spatial level. (2) the positive effect of China’s digital economy and diversified industrial agglomeration on the development of green innovation efficiency. (3) Among other influencing factors, trade openness and labor quality have a significant impact on improving the efficiency of green innovation.Therefore, this study puts forward suggestions to strengthen the construction of new infrastructures, correctly guide the collaborative industrial agglomeration, and strengthen the exchange of information among enterprisers.

The Impact of the Digital Economy on the Integration and Development of Manufacturing and Logistics Industries

Industrial integration is an effective way to promote economic growth in the era of digital economy and an important part of the high-quality development of the manufacturing industry. In the context of the vigorous development of the digital economy, this paper uses the principal component analysis method to construct the digital economy development index system and the coupled coordination degree model to measure the integration level of the manufacturing industry and logistics industry, and empirically analyzes the impact of the digital economy on the integration and development of the manufacturing industry and logistics industry by using the panel data of 30 provinces (municipalities and districts) in China from 2013 to 2020. It is found that the digital economy significantly promotes the integration level of manufacturing and logistics. The digital economy can promote the integrated development of manufacturing and logistics through both enterprise technology innovation and a digital platform. Heterogeneity analysis shows that the digital economy has a significant promotion effect on the eastern region and western region, with the western region > the eastern region.

Mechanisms and Paths for Constructing the Organic Interface between Digital Economy and Chinese-Style Modernization Based on Cognitive Mapping

Abstract In the process of China’s modernization, the organic articulation of the digital economy provides key support. This paper explores the articulation network paradigm of both and proposes a method for building cognitive mapping on a complex network. For the digital modernization industry, the vector representation encoding is completed by using the multi-granularity representation of this paper, and an N-gram encoder realizes the industry entity recognition. A basic idea of relationship template annotation is developed for recognizing entities, and the relationship extraction framework includes three parts: representation learning of templates, quality assessment of templates, and relationship classification model based on template quality. The regression results of the three major economic regions, namely, the eastern region, the central region and the western region, show that the level of digital economy development in the region has a more significant positive effect on the structure of manufacturing output value. The largest regression coefficient is 3.3044 for the eastern region, while the central, western and northeastern regions are 1.85567, 2.45457, and -0.13798, respectively. Through the study of cognitive mapping, the study provides an effective paradigm for Chinese-style modernization.

Analyze the Impact of the Digital RMB on International Payments and Financial Structure Based on Literature Review

With the development of network technology and digital economy, the demand for convenience, security, inclusiveness and privacy of retail payment is increasing. Central banks or monetary authorities in many countries and regions are actively exploring ways to digitize fiat money to meet this demand. The Chinese government has decided to introduce digital RMB as a digital form of legal tender to enhance the payment experience, strengthen financial supervision, promote economic transformation and financial technology innovation and application. The introduction of digital RMB helps to reduce the cost and risk of traditional cash flow, promote the upgrading of payment methods and the development of digital economy. Based on the comprehensive and systematic collection, collation and analysis of the relevant literature in the field of digital RMB, this paper explores the impact of digital RMB on international payment and financial structure. The study found that digital RMB has international security as a payment tool, which can promote cross-border transactions and change the global payment system. Digital RMB can enhance international financial security and affect the implementation of financial policies in various countries.

The taoist culture and the digital economy: Evidence from Chinese cities

A key component of China's national plan is now the growth of the digital economy. This development relies on the continuous and in-depth practice of the vast majority of Chinese people who are deeply influenced by Chinese culture, of which Taoist culture is an important component that is closely related to the Chinese people and deeply influences overall worldviews. How does Taoist culture affect digital economy growth? Applying a theoretical analysis, in order to investigate this subject, this study used a two-way city–year fixed effects model with Chinese city data. The results demonstrate that Taoist culture can promote digital economy growth. The reason for this is that the “action” of Taoist culture refers to doing what should be done rather than inactivity. Additionally, the “quietness” of Taoist culture facilitates public individuals' single mindedness. The findings imply that Taoist culture has financial decentralization and financial technology effects. Theoretically, improvement in the degree of financial decentralization and technology can promote cities' digital economy development.

Identifying Obstacles to the Development of Rural Digital Economy (Case Study: Gilan Province)

Identifying Obstacles to the Development of Rural Digital Economy (Case Study: Gilan Province)

Структурные уровни глобальной экономической системы и цифровая трансформация кофейной индустрии Вьетнама

Agriculture is one of the eight important economic sectors identified by the Government of Vietnam as requiring digital transformation in accordance with Decision 749/QD-TTg dated June 3, 2020, as an integral component of the digital economy development strategy in the context of globalization. Coffee is an agricultural product that has high economic value and is a key export product with an annual export turnover exceeding US$3 billion for the Vietnamese economy. Entities involved in the coffee industry, namely farmers, coffee businesses and government, are key players in the digital transformation process. Each entity has different resources in terms of capital, technology, labor levels and production and business goals, but between them there are always intermediate levels, closely linked by economic interests in the development of the coffee industry. To realize the digital transformation of the Vietnamese coffee industry, it is necessary to identify the factors influencing the implementation process. Therefore, the purpose of this study is to analyze the relationship between the main structural levels of the system under study, the resources and goals of the participants, and the intermediate levels in the global economic system to identify the factors influencing the digital transformation of the Vietnamese coffee industry. The results of the study show that in order for the Vietnamese coffee industry to continue to develop and be able to realize digital transformation, it is necessary to focus on the nano-level of the economy and make special demands on the degree of coherence and goals of economic and social policies at all levels of government. Significant barriers to digitalization for farmers need to be addressed through the effective implementation of policies to support concessional loans for the purchase of machinery and technologies for coffee production. To effectively apply digital technologies in production, it is necessary to have a sufficiently large area of ​​land and to encourage farmers to cooperate. Policies should be formulated to encourage the development of agricultural cooperative models to expand coffee plantation area in line with high-tech applications, large enterprises should strengthen their connections and provide more support to coffee farmers to create a sustainable source of high-quality raw materials.

The place and role of cryptocurrencies in the international financial market

Subject. The article investigates the role of cryptocurrency in the international financial market. Objectives. The aim is to analyze the place and role of cryptocurrencies in the international financial market. Methods. The study rests on logical, historical, and statistical analysis, and methods of comparison, classification, and deduction. Results. The paper defines the concept of cryptocurrency, considers the problem of including cryptocurrencies in the economic system, characterizes the cryptocurrency market at the international level, determines the place and role of cryptocurrencies in the international financial market. Conclusions. Cryptocurrency is a new phenomenon in the global economy. It plays a special role in the investment market. The introduction of cryptocurrency into everyday life is possible only after solving all technical, legal, and economic issues directly related to its circulation. The problem with legal regulation is particularly relevant, since the attitude of governments of different countries to digital assets is constantly changing. This is due to the fact that decentralized systems can be used in the shadow economy, which threatens the stability of the national economy of States. Nevertheless, the development of digital economy cannot be stopped, so it is worth adapting to the new realities of the modern world.

The bilateral effects of digital economy on regional carbon emissions in China

The impacts of the digital economy on regional carbon emissions have attracted much concerns from all regions of China. Using panel data for 30 Chinese provinces and cities from 2011 to 2020, the study empirically examined the bilateral effects of the digital economy on regional carbon emissions (RCBs) and the heterogeneous characteristics under different conditions by various econometric models. The results indicate that, the inhibition effect of digital economy development on regional carbon emissions is stronger than the promotion effect, which is 13.38% lower and 12.11% higher than the frontier level respectively. When both effects are combined, it makes regional carbon emissions 1.27% below the frontier boundary. In addition, the inhibition effect of the digital economy on carbon emissions (DECEs) predominant and presents a declining trend during the study period. And the inhibition effect of the digital economy on carbon emissions in the eastern region is highest among all the regions. Moreover, the level of different factors such as digital economy, human capital and economic development, can effectively strengthen the inhibition effect of digital economy on regional carbon emissions. This work will be conducive to fully leveraging the important role of the digital economy in regional environmental governance in China, and promote the achievement of China’s carbon peaking and carbon neutrality goals.

Facilitating or inhibiting? Spatial effects of the digital economy affecting urban green technology innovation

As a new engine for driving high-quality economic development, the rapid development of the digital economy may become the key to stimulating green technology innovation within Chinese urban areas. Based on the panel data of 286 Chinese cities from 2011 to 2019, this study utilizes the spatial Durbin model to decompose the spatial effect of the digital economy on urban green technology innovation. The results show that: (1) The digital economy has a significant role in promoting green technology innovation in Chinese cities and manifests positive spatial spillover effects. (2) Mechanism analysis indicates that the digital economy mainly affects urban green technology innovation through three paths: human capital, financial development, and government support. The magnitude of its role reveals obvious nonlinear effects with an increase in the size of mechanism variables. (3) Heterogeneity analysis demonstrates that the digital economy in eastern cities illustrates a notable spillover effect, while city clusters present a U-shaped impact feature, that is, the “empowerment effect” on green technology innovation in neighboring areas can only be displayed when the digital economy develops to a certain level. The findings offer a more valuable reference for making decisions to enhance comprehension of the spatial effects of the digital economy development and realize the synergistic development of digitalization and greenization among cities.

Can the digital economy accelerates China's export technology upgrading? Based on the perspective of export technology complexity

At present, the global division of labor system has entered a period of accelerated reconstruction. How to use the new generation of digital technology to achieve high-quality development of China's export trade has become the key to promoting the new development pattern of dual circulation at home and abroad. Based on the export technical complexity of 30 provinces in China from 2012 to 2020, this paper uses entropy weight TOPSIS to measure the development level of provincial digital economy, and deeply analyzes the impact and internal mechanism of digital economy on China's export technical complexity. The study found that the digital economy has significantly promoted the upgrading of China's export technology, and this improvement effect is most obvious in the eastern region. But the export quality of the western region has a negative inhibitory effect. From the perspective of the impact mechanism, the digital economy can achieve export technology upgrading by promoting knowledge spillover and accelerating the marketization process. From the perspective of industrial transformation and upgrading, the development of the digital economy accelerates the technological upgrading of export products through the upgrading of industrial structure, but it has no obvious impact on the rationalization of industrial structure. Further tests show that the effect of digital economy on the upgrading of export product quality is more prominent in low-tech industries. The conclusions of this paper provide data support and analysis perspective for exploring the innovative development of trade led by digital economy and enhancing the international competitiveness of China's foreign trade. It provides new ideas for improving the quality of China's high-quality external circulation development under the background of digital economy, and provides policy reference for the organic combination of digital economy development strategy and foreign power strategy.

Research on the empowering effect of digital economy development on the green economic efficiency– empirical evidence from 285 Chinese cities

ABSTRACT Under the new normal, the digital economy, as an essential engine of the new round of digital revolution, plays a significant role in driving the development of a green economy. This article constructs a logical framework from the perspective of economic agglomeration, using panel data from 2005 to 2019 in China’s prefecture-level cities to empower green economic efficiency through the development of the digital economy. It then examines the enabling effect of the digital economy on green economic efficiency. The findings demonstrate that: (i) The digital economy has the potential to enhance the efficiency of the green economy, and this conclusion remains valid even after accounting for endogeneity and conducting a series of robustness tests. (ii) The results of the multi-mediation effect model demonstrate that enhancing economic agglomeration, facilitating industrial structure upgrade, and fostering technological innovation in energy saving and emission reduction serve as driving mechanisms for digital economic development to enhance urban green economic efficiency. (iii) In identifying heterogeneous characteristics, it was found that the enhancing effect of digital economic development on green economic efficiency is more pronounced in ‘megacities’, ‘large’, and ‘medium’ cities in eastern China, with better spillover effects.

Empirical study on the impact of digital economy on carbon emission intensity--based on the mediating role of technological innovation

With the proposal of “Carbon Peak and Carbon Neutrality” goals, China is facing a more serious carbon emissions reduction situation, and how the booming digital economy effectively helps China’s carbon emissions reduction is one of the most urgent things that should be solved. To study the impact of the digital economy on carbon emission intensity, this paper is based on the panel data of 30 provinces in China (excluding Tibet, Hong Kong, Macao, and Taiwan) from 2011 to 2021, and applies the double-fixed effect model and the threshold effect model to study the impact of the digital economy on carbon emission intensity and the mechanism of its action, as well as to analyze the mechanism of the digital economy’s action on carbon emission intensity from the perspective of technological innovation. The results of the study show that: i) The digital economy can reduce the intensity of regional carbon emissions; ii) The carbon emission reduction effect of the digital economy is non-linear, and its carbon emission reduction effect gradually increases with the level of development of the digital economy; iii) In addition to the direct impact of the digital economy on carbon emission intensity, it also has an indirect impact on carbon emissions through technological innovation; iv) There is regional heterogeneity in the carbon emission reduction effect of the digital economy, and the carbon emission reduction effect is more significant in the central and western parts of the country and regions with a high level of human capital development. Based on the conclusions obtained, this paper suggests: i) The rational integration of the digital economy and regional development should be strengthened; ii) Strong provinces in the digital economy should be encouraged to help weaker provinces, to narrow the “digital divide” between provinces; iii) Differentiated development strategies should be formulated in accordance with local conditions, to give full play to the optimal effect of the digital economy in carbon emission reduction.

Does digital inclusive finance matter in sustainable tourism development at the county level? Evidence from the Wuling Mountain area in China

AbstractAs a new financial instrument under the strategy of digital economic development, digital inclusive finance has become an effective way to fill the market gap that exists in traditional finance. Inclusive financial resources are needed for tourism development and recovery in less‐developed regions, especially in the context of the COVID‐19 pandemic. Understanding the impact of DIF on tourism development is the key to promoting high‐quality economic growth in China. Although previous studies have explored the factors influencing tourism development, the effect of DIF on sustainable tourism development is still at its earlier stage and is not well researched. Therefore, this study aims to explore the direct impact of DIF on tourism development and examines whether there is threshold effect. Based on panel data from 63 counties in the Wuling Mountain Area, China, from 2014 to 2019, this research applied a series of panel regression models to explore whether the DIF can promote sustainable tourism development. The results indicate that the DIF plays a positive role in improving sustainable tourism development. Considering regions, types of counties, and different dimensions of the DIF, there are differences in positive effects of DIF on sustainable tourism development. The impact of DIF on tourism development is dynamic and non‐linear. Finally, practical implications for enhancing the promotion and development of DIF and achieving sustainable tourism development are discussed, particularly for less‐developed regions.