Digital economy,technological innovation and transformation and upgrading of manufacturing industry—An empirical analysis based on provincial panel data
Based on the panel data of 30 provinces in China(except Hong Kong,Macao,Taiwan and Xizang)from 2014-2021,this study performs a benchmark regression analysis with two-way fixed effects,an analysis of the heterogeneity of regions and the heterogeneity of the level of Internet development,as well as an analysis of the mediating effect of technological innovation.Further,this study examines the nonlinear impact of digital economy on the transformation and upgrading of the manufacturing industry and the threshold effects of government support and human capital in the impact of digital economy on the transformation and upgrading of the manufacturing industry.It is found that the digital economy has a significant positive impact on the transformation and upgrading of the manufacturing industry.Technological innovation plays a partially mediating effect in the impact of the digital economy on the transformation and upgrading of the manufacturing industry.There is significant regional heterogeneity and Internet development heterogeneity in the impact of the digital economy on the transformation and upgrading of the manufacturing industry,and the impact in the eastern region with a high level of Internet development is more significant.There is a significant non-linear impact of the digital economy on the transformation and upgrading of the manufacturing industry.With the increase of government support,the impact of the digital economy on the transformation and upgrading of the manufacturing industry shows a diminishing marginal effect,and an inverted U-shaped feature with the increase of human capital.Accordingly,countermeasures such as accelerating the technological innovation of manufacturing enterprises,improving the digital infrastructure in central and western regions,and sounding the digitalization talent team are proposed to promote the transformation and upgrading of the manufacturing industry.
digital economytechnological innovationtransformation and upgrading of manufacturing industry
NETL
NSTL
万方数据
