Research on the Value Chain Climbing of Traditional Manufacturing Driven by Digital Economy
Traditional manufacturing industries are mostly labor-intensive or resource-intensive,with low profit margins or added value as their important characteristics.The digital economy as an important engine drives the transformation of traditional manufacturing through factors such as input,market demand,digital manufacturing,industry cluster virtualization and business models.The ultimate manifestation is the increase in profit margin or added value in the value chain.Through empirical research,it has been found that digital economy investment has a significant positive driving effect on the climb of the traditional manufacturing value chain,and variables such as technological innovation and per capita investment in fixed assets also have a certain positive effect.Variables such as technological innovation and per capita investment in fixed assets also have a certain positive effect,and the lower the profit margin of traditional manufacturing,the more obvious the positive driving effect of the three.Based on the above analysis and testing,suggestions are proposed to further promote the climb of the traditional manufacturing value chain from the perspectives of digital transformation,per capita investment in fixed assets,and technological innovation.
digital economytraditional manufacturing industryvalue chain climb