The Impact of Digital Economy Embedding on Trade and Export——Empirical Analysis Based on Transnational Panel

Abstract

with the advent of the digital economy era, digital embedding has brought significant improvements to enterprise exports. This paper adopts the input-output table of 56 departments between countries in the world database, the social and economic account sea, the annual report of the Wall Street Journal and the American Heritage Foundation, the global information technology report and other data. From the theoretical level, this paper expounds that digital embedding can improve total factor productivity and promote enterprise exports by promoting technological progress, and also demonstrates the impact of digital embedding on enterprise exports from an empirical perspective. After considering the endogeneity, this paper finds that the digital economy can improve the total factor productivity and increase the export of enterprises. After considering the robustness, it is still established. Based on the heterogeneity test of countries with different economic levels, national digital economy development levels, and different industries, digital embedding has a differential impact on the export promotion of enterprises. This study provides empirical evidence for promoting the digitalization of investment and promoting the rise of trade exports, and broadens the policy connotation of theoretical research.