Research and Empirical Verification of the Path of Digital-real Integration on High-quality Economic Development

Fei Liu

doi:10.54691/t60xmh73

Authors

Fei Liu

DOI:

https://doi.org/10.54691/t60xmh73

Keywords:

Digital Economy; The Real Economy; Huaihe River Ecological Economic Belt; High-quality Economic Development.

Abstract

The integrated development of the digital economy and the real economy provides important support and impetus for high-quality economic development. Taking the Huaihe River Eco-Economic Belt as an example, this paper sorts out the impact mechanism and path of the development of "digital-real integration" on high-quality economic development, and collects the panel data of 25 provinces in the Huaihe Eco-Economic Belt from 2010 to 2020, and uses the entropy TOPSIS method to calculate the high-quality economic development index and the "digital-real integration" development index, and then uses the PVAR model and panel data regression model to conduct an empirical study on the relationship between the two. The results show that the "integration of data and reality" is the reason for the high-quality economic development in the short term, and the impact of the integrated development of the two on the high-quality economic development continues to increase in the long run. "Digital-real integration" has a positive effect on high-quality economic development, but there are regional differences in the impact, especially in the Huaihai Economic Zone in the north, and weaker in the inland rising areas in the central and western regions.

Downloads

Download data is not yet available.

References

P.Song,X.J.Bai,L.Li,et al. Research on the Impact of Digital Industry Innovation on Industrial Structure Modernization[J]. scientific research, 2024, 42(1): 1-18.(In Chinese).

Fu Yuxin,Yu Han,Da Jiaxin,et al. Discussion on the Influence of Digital Economy Development on Real Economy[J]. Frontiers in Business, Economics and Management, 2022, 6: 176-179.

Karlik Aleksander-E,Krechko Svetlana-A,Platonov Vladimir-V:Industrial Cooperation of the EEA Member Countries in Perspective of the Digital Economy[J]. MIR (Modernization. Innovation. Research), 2017, 8: 384-395.

Diego Ponte,Stefania Bonazzi: Physical supermarkets and digital integration: acceptance of the cashierless concept[J]. Technology Analysis & Strategic Management, 2021, 35: 1178-1190.

Y.L.Chen: Theoretical Exploration of the Integrated Development of Digital Economy and Real Economy[J]. economic research, 2023, 58(09): 22-30.(In Chinese).

H.Guo:The path of integrating digital economy and real economy to promote high-quality development[J]. Journal of Xi'an University of Finance and Economics, 2020, 33(02): 20-24.[12](In Chinese).

R.D.Hu,T.Zhang: Deep Integration of China's Provincial Digital Economy and Real Economy: Dynamic Evolution Trend and Obstacle Factor Identification[J]. Journal of Social Sciences, Jilin University, 2024, 64(04): 172-188, 239.(In Chinese).

P.Zeng,Y.H.Qin,Y.G.Lu: Regional Differences, Source Decomposition and Formation Mechanism of Digital-Real Integration in Chinese Cities[J]. Statistics and Information Forum, 2024, 39(04): 95-111.(In Chinese).

Kupryushin Aleksandr-P: Innovative Potential of Digital Economy in the Process of Import Substitution and Environmental Management[J]. Journal of Environmental Management and Tourism, 2020, 10: 1617.

Chor Gene Cheah,Wen Yi Chia,Shuet Fen Lai, et al. Innovation designs of industry 4.0 based solid waste management: Machinery and digital circular economy[J]. Environmental Research, 2022, 213: 113619.

Roberto Rocca,Paolo Rosa,Claudio Sassanelli, et al. Integrating Virtual Reality and Digital Twin in Circular Economy Practices: A Laboratory Application Case[J]. Sustainability, 2020, 12: 2286.

W.T.Liu,Y.W.Liu,R.Li: Research on the Impact of Digital-Real Integration on China's Common Prosperity: An Empirical Test Based on Inter-provincial Panel Data[J]. agricultural reclamation economy in Xinjiang, 2024, (04): 1-12, 57.(In Chinese).

X.Y.Yang,Z.N.Cong:The Integration of Digital Economy and Real Economy Empowers High-quality Development of Industries: Theoretical Logic, Practical Dilemma and Practical Approach[J]. Zhongzhou Academic Journal, 2023, (05): 42-49.(In Chinese).

J.Z.Xia:Driving Digital-Real Fusion with New Qualitative Productivity[J]. social scientist, 2024, (02): 38-44.(In Chinese).

Y.W.Yang,P.Zhang:The logic, measurement and governance of China's high-quality economic development[J]. economic research, 2021, 56(01): 26-42.[1].(In Chinese).

Barro Robert-J,Mccleary Rachel-M:Religion and Economic Growth across Countries[Z], 2003: 760-781.

Fabio Sabatini.:Social Capital and the Quality of Economic Development[J]. Kyklos, 2008, 61: 466-499.

J.H.Cheng,Z.H.Liu,K.Y.Mao:High-quality Development in the Process of Chinese Modernization: History, Achievements and Prospects[J]. economic management of East China, 2023, 37(11): 1-16.(In Chinese).

Z.B.Zhang:High-quality economic development[J]. economic research, 2022, 57(4): 27-32.(In Chinese).

J.Huang,H.Y.Lu,Z.M.Sun:Sources and Formation Mechanisms of Differences in China's High-quality Economic Development[J]. statistics and decision-making, 2024, 40(03): 118-122.(In Chinese).

S.W.Wang,X.K.Cheng:Measurement, spatial distribution and dynamic evolution of China's regional economic high-quality development level[J]. statistics and decision-making, 2023, 39(21): 90-96.(In Chinese).

Rofikoh Rokhim,Permata Wulandari,Sari Wahyuni:Assessment of local economic development and its factors to improve welfare in the several regions in Indonesia[J]. Iop Conference Series: Earth and Environmental Science, 2021, 716: 012060.

Hummera Saleem,Malik Shahzad,Muhammad Bilal Khan,et al.Innovation, total factor productivity and economic growth in Pakistan: a policy perspective[J]. Journal of Economic Structures, 2019, 8.

M.D.Li,G.Y.Deng:Research on the Impact of Environmental Regulation on the High-quality Development of China's Provincial Economy[J]. Journal of Hebei University of Environmental Engineering, 2024, 34(03): 63-71.(In Chinese).

D.M.Shi,X.Y.Shi:Green Finance and High-quality Economic Development: Mechanism, Characteristics and Empirical Research[J]. statistical research, 2022, 39(01): 31-48..(In Chinese).

X.E.Qu,L.Liu:Research on the Impact of Environmental Decentralization on High-quality Economic Development[J]. statistical research, 2021, 38(03): 16-29.(In Chinese).

B.Q.Lin:China's high-quality economic growth in the process of carbon neutrality[J]. economic research, 2022, 57(01): 56-71.(In Chinese).

Gina Ioan,Ionel Sergiu Pirju,Manuela Carmen Panaitescu, et al. Assessing Economic Development and Quality of Life: A Management Perspective on Romania and the Republic of Moldova[J]. Sustainability, 2024, 16: 4340.

Giustina Secundo,Rosamartina Schena,Angeloantonio Russo, et al. The impact of digital technologies on the achievement of the Sustainable Development Goals: evidence from the agri-food sector[J]. Total Quality Management & Business Excellence, 2022: 1-17.

Yuanxiu Tang Yiwei Zhang Jiahui Yu. Enze Li:Mechanism research on digital inclusive finance promoting high-quality economic development: Evidence from China.[J]. Heliyon, 2024: null.

Huan Zheng,Shaofan Wu:The spatial effect of financial openness on high-quality economic development: Evidence from provincial-level data in China[J]. Socio-economic Planning Sciences, 2024, 95: 101987.C. Li, W.Q. Yin, X.B. Feng, et al. Brushless DC motor stepless speed regulation system based on fuzzy adaptive PI controller, Journal of Mechanical & Electrical Engineering, vol. 29 (2012), 49-52.

X.J.Tian,R.Li:Digital Technology Empowers the Transformation and Development of the Real Economy--An Analytical Framework Based on Schumpeter's Endogenous Growth Theory[J]. managing the world, 2022, 38(5): 56-74.(In Chinese).

H.L.Chen,X.K.Yang,Z.B.Wang: The impact of digital economy on industrial carbon emission intensity and its spillover effect[J]. environmental science research, 2023: 1-20.(In Chinese).

B.P.Ren: Promoting New Industrialization through the Coordinated Development of Industrial Digitalization and Digital Industrialization[J]. reform, 2023, (11): 28-37.

D.P.Huang,Y.H.Li,Z.Y.Sun: Comprehensive evaluation of high-quality economic development level in Huaihe River Ecological Economic Belt[J]. statistics and decision-making, 2022, 38(1): 100-103. (In Chinese).

Y.K.Wan,C.C.Wang: An Empirical Test of Digital Economy Empowering High-quality Development_Wan Yongkun[J]. statistics and decision-making, 2022, 38(4): 21-26. (In Chinese).

D.Shi,G.L.Sun: The impact of the integration of digital economy and real economy on green innovation[J]. reform 2023, (2): 1-13. (In Chinese).