Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 44 , 10 November 2023


Open Access | Article

Research on the Role of Digital Economy in Industrial Structure Optimization –Evidence from China's Provincial Panel

Bowen Wang 1 , Jing Yang 2 , Huichun Che * 3
1 Beijing Wuzi University
2 Beijing Wuzi University
3 Beijing Wuzi University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 44, 63-72
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Bowen Wang, Jing Yang, Huichun Che. Research on the Role of Digital Economy in Industrial Structure Optimization –Evidence from China's Provincial Panel. AEMPS (2023) Vol. 44: 63-72. DOI: 10.54254/2754-1169/44/20232186.

Abstract

The development of digital economy not only promotes economic growth, but also promotes the optimization and development of industrial structure. Using the panel data of 31 provinces provided by China Statistical Yearbook, this paper constructs two indicators of digital economy and industrial structure optimization, and uses two-way fixed effect model to study the impact effect, heterogeneity analysis and mechanism analysis of digital economy on industrial structure optimization. The research shows that the development of digital economy has significantly optimized the industrial structure; In different regions of China, the role of digital economy in the optimization of industrial structure is different. The improvement of innovation level and social division of labor will significantly promote the optimization effect of digital economy on industrial structure. The results of this study show that it is necessary to further promote the integration of digital economy and the traditional three industries, and give full play to the enabling role of digital economy with higher quality. We should pay attention to the different impacts of digital economy on industrial structure optimization in different regions and take measures according to local conditions. It is necessary to refine the social division of labor in the region and strengthen the regional innovation ability, so as to give full play to the optimization efficiency of digital economy on industrial structure.

Keywords

digital economy, optimization of industrial structure, social division of labor, ability to innovate

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-109-4
ISBN (Online)
978-1-83558-110-0
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/44/20232186
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated