Digital Economy,Institutional Transaction Costs and Regional Entrepreneurial Activity——Analysis Based on Spatial Econometric Models
Based on panel data of 30 provinces in China,measure the development level of digital economy in each region us-ing entropy method.And then,the spatial panel econometric model is used to empirically analyze the impact mechanism of the re-gional digital economy on the innovation activity.The study found that the digital economy can significantly promote the en-trepreneurship activity of the region,and has the spatial spillover effect,which can improve the entrepreneurship level of neighbor-ing regions.Institutional transaction costs play a significant regulatory role in the process of digital economy affecting regional en-trepreneurship activity.Digital economy can promote regional entrepreneurship development by reducing institutional transaction costs,inhibiting resource mismatch.Finally,according to the research conclusions,policy recommendations are put forward from the following aspects:seizing the development opportunities of digital economy,reducing institutional transaction costs,improving regional innovation level,and stimulating market vitality and social creativity.
digital economyinstitutional transaction costsresource configurationentrepreneurial activity