The Study on the Impact of Digital Economy and Human Capital on Green Innovation
The report of the Twentieth Party Congress proposes that promoting the greening and decarbonization of economic and social development is a key link in achieving high-quality economic development.Vigorously promoting green innovation is an inherent requirement for implementing the new development concept and realizing high-quality economic development,as well as an important way to develop new quality productivity.The digital economy,as a new economic form with data resources as the key element,together with the human capital compatible with it,will further empower the development of green innovation.This paper is based on the panel data of 31 provinces,autonomous regions and municipalities directly under the central government in China from 2011 to 2022,the relationship between digital economy,human capital and green innovation is empirically examined by using the fixed-effects model.It is found that:the development of the digital economy can significantly promote the enhancement of the level of green innovation,but due to the insufficient level of human capital suitable for the development of the digital economy in China,human capital has a negative effect in the process of promoting green innovation in the digital economy.However,due to the current insufficient level of human capital in China that is suitable for the development of the digital economy,human capital has a negative moderating effect in the impact of the digital economy on green innovation,and the role of digital economic development on the level of green innovation is different in different regions,of which the eastern region is positively significant.Therefore,differentiated development strategies for digital economy and human capital should be formulated for different regions,so as to continuously release the enabling effect of digital economy and human capital on the development of green innovation,and promote sustainable economic development.