Research on the Influence of Market-based Allocation of Data Elements on the Integration of Digital Economy and Real Economy:A Quasi-natural Experiment Based on a Data Trading Platform
The deep integration of the digital economy and the real economy will promote the construction of a unified large market across the country,promote the construction of a new dual-cycle development pat-tern,and become a new driving force for economic growth.Based on the quasi-natural experiment of data trading platform establishment,the coupling evaluation model was used to measure the integration level of digital economy and real economy in 280 prefecture-level cities in China from 2010 to 2021,and the multi-stage differential method was used to empirically test the impact of the market-based allocation of data ele-ments characterized by the establishment of data trading platform on the log-real integration.The findings are as follows:firstly,market-based allocation of data elements significantly promotes the integration of digital economy and real economy,and this conclusion is still valid after a series of robustness tests.Mechanism analysis shows that market-based allocation of data factors affects the integration of digital economy and real economy through cost effect,factor allocation effect and technological innovation effect.The enhancement effect of log-real integration of market-based allocation of data elements is more significant for cities with higher property rights protection,higher administrative level and higher marketization degree.The expansion analysis finds that there is a spatial spillover effect of market-based allocation of data elements on the integra-tion of digital economy and real economy.Therefore,it is necessary to strengthen the construction of data trading platforms,explore multi-dimensional integration paths,tap the potential of pilot policies,strengthen exchanges and cooperation among regional subjects,optimize the market-oriented allocation of data ele-ments,and better promote the integrated development of digital economy and real economy.
market-based allocation of data elementsdigital economyreal economyintegration of digit-al economy and real economy
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