How Does Digital-Real Economy Integration Empower Domestic Value Chain Circulation

HUO Chunhui; BIAN Shengkai; LV Mengxiao

Volume 40 Issue 3

May 2025

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2025 > 40(3): 4-18

HUO Chunhui, BIAN Shengkai, LV Mengxiao. How Does Digital-Real Economy Integration Empower Domestic Value Chain Circulation[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(3): 4-18.

Citation:

HUO Chunhui, BIAN Shengkai, LV Mengxiao. How Does Digital-Real Economy Integration Empower Domestic Value Chain Circulation[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(3): 4-18.

Citation:

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How Does Digital-Real Economy Integration Empower Domestic Value Chain Circulation

1.
School of Business, Division of Economics, Liaoning University, Shenyang 110036, China
2.
School of Economics and Management, Hebei University of Economics and Business, Shijiazhuang 050000, China

Received Date: 2024-12-10
Available Online: 2025-06-25
Publish Date: 2025-05-28

Abstract

Abstract

The integration of digital economy and real economy is significant for building a high-level, self-reliant national economic circulation system. By combining theories of product division of labor and industrial linkages, this study innovatively reveals the impact of this integration on domestic economic circulation, and its transmission mechanisms from the perspective of value chain resilience. The findings indicate that digital-real economy integration can optimize the structure of domestic value chain circulation and facilitate the coordinated interaction between regional and external value-added trade. Mechanism tests demonstrate that this integration enhances value chain resilience through four aspects: solidifying, supplementing, extending, and strengthening the chain, thereby alleviating bottlenecks in the domestic circulation. Further analysis shows that the digital-real economy integration more effectively promotes the growth of value-added supply shares in regions with high total factor productivity and high market integration levels. The high-quality development of regions and the construction of a unified market contribute to enhancing the dominant position of domestic circulation. Moreover, this integration helps connect domestic and international markets, facilitating the deep involvement of inland regions in the global value chain. These conclusions suggest that policies aimed at innovating and developing digital-real economy integration should focus on solidifying, supplementing, extending, and strengthening the value chain to enhance the endogenous dynamics and reliability of domestic circulation.
- digital-real economy integration,
- value chain resilience,
- domestic value chain cycle,
- unified market,
- double machine learning

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References(49)

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