High-quality Development Effect of Construction Industry from Digital Economy by Empirical Analysis of Spatial Durbin Model
Using spatial econometric models,it examined the impact of the digital economy on the high-quality development of the construction industry in this paper,basing on panel data from all 31 provincial administrative regions between 2012 and 2021.Firstly,two index systems were constructed for digital e-conomy and high-quality development of the construction industry,respectively.The entropy weighting method was used for comprehensive evaluation.Furthermore,multiple spatial econometric models have been constructed in order to examine the influence of the digital economy on the high-quality advancement of the construction industry.According to the empirical findings,it is evident that the digital economy has the ability to greatly enhance the high-quality development in the construction industry.The positive spa-tial spillover effect of the digital economy on the high-quality development of the construction industry is significant,that is,the development of digital economy in a region will improve its own high quality devel-opment of construction industry.Additionally,it will facilitate the advancement of the construction industry in the surrounding regions by promoting high-quality growth.The examination of moderating influences suggested that the digital economy significantly contributes to enabling the construction industry's high-quality development through the restructuring of the industrial sector.The digital economy contributes sig-nificantly to advancing the high-quality development of the construction industry in less developed re-gions.
digital economyconstruction industryhigh-quality developmentspatial econometricspatial spillover effect