How Market-based Allocation of Data Element Can Promote Urban Entrepreneurial Vitality——Explanation Based on the Factor Synergy Perspective
As a new type of production factor,data drives the change of production mode and the up-grading of economic form.This paper explores the effect of data factor market allocation on regional entre-preneurial vitality and its mechanism by establishing a multi-period DID model based on the panel data of 298 cities in China from 2009 to 2020 through the quasi-natural experiment of setting up data factor plat-forms in different regions.The conclusions are as follows:the market-based allocation of data elements can effectively stimulate regional entrepreneurial vitality,and the conclusions remain robust after instru-mental variable regression and a series of robustness method tests.The analysis of the mechanism of action from the perspective of elements synergies develops that the market-based allocation of data elements can promote regional entrepreneurial activity mainly by combining with technology,labor and land factors.Further analysis reveals that,on the one hand,the market-based allocation of data elements has the fea-ture of stimulating high-quality entrepreneurial activities,on the other hand,there is a spatial spillover effect of the market allocation of data factors,which positively affects entrepreneurial dynamics in other cit-ies in the province as well as geographically neighboring cities.The findings of the study provide empirical evidence for the implementation and improvement of data factor market-based allocation reforms under the construction of a new development pattern.
Data elementsEntrepreneurial vitalityEynergistic allocationSpatial spillovers
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万方数据
