The Development of Digital Economy and the Transformation and Upgrading of Industrial Structure: Based on the Heterogeneity Test of 275 Cities in China

LI Zhi-guo; CHE Shuai; WANG Jie

Volume 36 Issue 5

Nov. 2021

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LI Zhi-guo, CHE Shuai, WANG Jie. The Development of Digital Economy and the Transformation and Upgrading of Industrial Structure: Based on the Heterogeneity Test of 275 Cities in China[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(5): 27-40.

Citation:

LI Zhi-guo, CHE Shuai, WANG Jie. The Development of Digital Economy and the Transformation and Upgrading of Industrial Structure: Based on the Heterogeneity Test of 275 Cities in China[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(5): 27-40.

Citation:

LI Zhi-guo, CHE Shuai, WANG Jie. The Development of Digital Economy and the Transformation and Upgrading of Industrial Structure: Based on the Heterogeneity Test of 275 Cities in China[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(5): 27-40.

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The Development of Digital Economy and the Transformation and Upgrading of Industrial Structure: Based on the Heterogeneity Test of 275 Cities in China

School of Economics and Management, China University of Petroleum (East China), Qingdao 266580, China

Received Date: 2021-04-15
Available Online: 2021-11-11
Publish Date: 2021-09-28

Abstract

Abstract

Digital economy is a new driving force and engine for improving the quality and efficiency of today's economic development. It plays an important driving role in the transformation and upgrading of industrial structure. On the basis of theoretical analysis, this paper decomposes the transformation and upgrading of industrial structure from the speed of industrial transformation, the upgrading of industrial structure and the rationalization of industrial structure, characterizes the level of urban innovation and entrepreneurship with the regional innovation and entrepreneurship index, and empirically investigates the effect and mechanism of industrial structure transformation and upgrading of digital economy development by using China's urban panel data from 2011 to 2018. It is found that digital economy can significantly improve the speed of industrial transformation, the height of industrial structure and the rationalization of industrial structure, and the analysis results based on the development of Internet and the development of digital inclusive finance converge; the effect of digital economy on the transformation and upgrading of industrial structure has the late developing advantage of increasing marginal return, and the heterogeneity of the three regions is obvious but the central region is the focus of developing digital economy in the future; from the perspective of city scale, medium-sized cities and large cities are the important focus of industrial transformation and upgrading driven by digital economy, while from the perspective of city level, second and third tier cities are the key to industrial transformation. The intermediary effect analysis shows that the innovation and entrepreneurship level is an important transmission path of the industrial transformation and upgrading effect of the digital economy; digital economy can accelerate the speed of industrial transformation and promote the upgrading and rationalization of industrial structure by stimulating the vitality of regional innovation and entrepreneurship. These conclusions have certain reference value for exploring the sustainable development of China's urban digital economy and promoting its integration with the transformation and upgrading of industrial structure.

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References(25)

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