Data Factor Market Empowers Digital Industry Innovation:Evidence from Quasi-natural Experiments
Stimulating the innovation vitality of digital industry is a key part of enhancing China's digital competitiveness and grasping the initiative in the development of digital economy.This paper takes big data platform construction as a quasi-natural experiment to examine the impact of data factor market construction on digital industry innovation.The results show that:First,the construction of data factor market improves the innovation level of digital industry,and with the improvement of the innovation level of digital industry,the overall promotion effect shows a gradually increasing trend;Second,the construction of data factor market mainly promotes the innovation and development of digital industry by accelerating the agglomeration of digital industry and strengthening the digital governance of government.Third,the promotion effect of data factor market construction on the digital industry innovation level in provinces with lower digital development level and poor innovation environment is stronger than that in provinces with higher digital development level and better innovation environment.Therefore,in the future,we should accelerate the cultivation of a unified and standardized data factor market,optimize the layout of digital industry,enhance the government's digital service capabilities,and continue to empower the innovation and development of digital industry.
Data Factor MarketDigital Industry InnovationDigital Industry AgglomerationGovernment Digital Governance