Outline

Ingegneria Sismica

Ingegneria Sismica

Research on the mechanism of digital economy’s impact on high-quality development based on panel regression modeling

Author(s): Ge Zhao1
1Zhengzhou Vocational College of Finance and Taxation, Zhengzhou, Henan, 450000, China
Zhao, Ge . “Research on the mechanism of digital economy’s impact on high-quality development based on panel regression modeling.” Ingegneria Sismica Volume 43 Issue 1: 1-18, doi:10.65102/is2026484.

Abstract

With its ability to increase total factor productivity through innovations, reallocation of resources, and structural transformation, the digital economy has become one of the essential driving forces behind regional cooperation and ecological sustainability. With this theoretical background in mind, this paper constructs indices for the advancement of digital economies and high-quality development based on the entropy weight method using panel data from 30 provinces between 2014 and 2023. A series of regressions, mediations, thresholds, and heterogeneous tests subsequently explore the promotion process. The main conclusions can be summarized into four points: scientific and technological innovation is the primary pathway of how the digital economy influences high-quality development; the stimulating influence is most pronounced on innovative development and common development, a conclusion that stands up to various robustness tests; the connection is non-linear and threshold-dependent; and geographic locations play an important role, as western provinces benefit more from the development of digital economies compared to their eastern and central counterparts.

Keywords
digital economy; high-quality development; panel regression; mediation effect; threshold effect; technological innovation; regional heterogeneity; entropy weight method

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