Research on the Influence of Market-based Allocation of Data Elements on the Integration of Digital Economy and Real Economy: A Quasi-natural Experiment Based on a Data Trading Platform

WANG Xiao-dan; SHI Yu-tang; LIU Da

Volume 39 Issue 2

Mar. 2024

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WANG Xiao-dan, SHI Yu-tang, LIU Da. Research on the Influence of Market-based Allocation of Data Elements on the Integration of Digital Economy and Real Economy: A Quasi-natural Experiment Based on a Data Trading Platform[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(2): 44-58.

Citation:

WANG Xiao-dan, SHI Yu-tang, LIU Da. Research on the Influence of Market-based Allocation of Data Elements on the Integration of Digital Economy and Real Economy: A Quasi-natural Experiment Based on a Data Trading Platform[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(2): 44-58.

Citation:

WANG Xiao-dan, SHI Yu-tang, LIU Da. Research on the Influence of Market-based Allocation of Data Elements on the Integration of Digital Economy and Real Economy: A Quasi-natural Experiment Based on a Data Trading Platform[J]. Journal of Guangdong University of Finance & Economics, 2024, 39(2): 44-58.

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Research on the Influence of Market-based Allocation of Data Elements on the Integration of Digital Economy and Real Economy: A Quasi-natural Experiment Based on a Data Trading Platform

School of Economics and Management, Northeast Normal University, Changchun 130024, China

Received Date: 2023-12-20
Available Online: 2024-04-11
Publish Date: 2024-03-28

Abstract

Abstract

The deep integration of the digital economy and the real economy will promote the construction of a unified large market across the country, promote the construction of a new dual-cycle development pattern, and become a new driving force for economic growth. Based on the quasi-natural experiment of data trading platform establishment, the coupling evaluation model was used to measure the integration level of digital economy and real economy in 280 prefecture-level cities in China from 2010 to 2021, and the multi-stage differential method was used to empirically test the impact of the market-based allocation of data elements characterized by the establishment of data trading platform on the log-real integration. The findings are as follows: firstly, market-based allocation of data elements significantly promotes the integration of digital economy and real economy, and this conclusion is still valid after a series of robustness tests. Mechanism analysis shows that market-based allocation of data factors affects the integration of digital economy and real economy through cost effect, factor allocation effect and technological innovation effect. The enhancement effect of log-real integration of market-based allocation of data elements is more significant for cities with higher property rights protection, higher administrative level and higher marketization degree. The expansion analysis finds that there is a spatial spillover effect of market-based allocation of data elements on the integration of digital economy and real economy. Therefore, it is necessary to strengthen the construction of data trading platforms, explore multi-dimensional integration paths, tap the potential of pilot policies, strengthen exchanges and cooperation among regional subjects, optimize the market-oriented allocation of data elements, and better promote the integrated development of digital economy and real economy.
- market-based allocation of data elements,
- digital economy,
- real economy,
- integration of digital economy and real economy

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References(43)

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