Digital Economy,Entrepreneurship and the Middle-income Group Scale
This paper uses Marx's capital cycle theory and Timmons'entrepreneurship theory to explain the theoretical logic of digital economy expanding the middle-income group scale,and uses the panel data of 31 provinces in China from 2012 to 2021 to test the impact of digital economy on the middle-income group scale.The study found that the digital economy can significantly expand the middle-income group scale.Mechanism research shows that the digital economy can expand the middle-income group scale by promoting entrepreneurship.Specifically,the digital economy helps to promote venture financing and optimize the allocation of factors for entrepreneurial enterprises.Further research found that:a good business environment can strengthen the digital economy's role in promoting entrepreneurship,which can strengthen the digital economy's role in expanding the middle-income group scale.Heterogeneity test results show that both organizational entrepreneurship and employment-based entrepreneurship can make digital economy play a better role in expanding the middle-income group scale.With the support of the digital economy,entrepreneurship,whether in the manufacturing industry or in the service industry,can significantly expand the middle-income group scale.
digital economymiddle-income group scalestart a businessbusiness environment