The Integration of the Digital Economy and the Real Economy Empowers the High-Quality Development of the Specialized,Refined,Differential and Innovative Enterprises
How to give full play to the advantages of the integration of the digital economy and the real economy to help the high-quality development of"SRDI"enterprises is a research topic of great practical significance.Based on the research sample of China's"SRDI"listed enterprises from 2011 to 2021,on the basis of measuring the level of integration of digital economy and real economy,the direct and indirect effects of the integration of digital economy and real economy on the total factor productivity of China's"SRDI"enterprises are empirically tested.The results show that the integration of digital economy and real economy has an enabling effect on the total factor productivity of"SRDI"enterprises.Agency cost effect,R&D innovation effect and investment level effect are all important ways to promote the integration of digital economy and real economy to improve the total factor productivity of China's"SRDI"enterprises.Further research finds that the enabling effect of the integration of digital economy and real economy is only significant in the samples of separation of two jobs,non-state-owned enterprises,manufacturing industry,and central cities.In addition,the integration of the digital economy and the real economy and total factor productivity can exert synergistic effects to promote the realization of common prosperity within"SRDI"enterprises.Accordingly,the integrated development of the digital economy and the real economy should be promoted from three perspectives:consolidating the foundation,dredging the micro transmission channels,and basing on development advantages,so as to help the high-quality development of China's"SRDI"enterprises.
digital economyreal economy"SRDI"enterpriseshigh-quality development of enterprisestotal factor productivity
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