Path Analysis of Digital-real Economy Integration:A Quasi-natural Experiment Based on Big Data Comprehensive Pliot Zone
The digital economy and real economy together constitute an important part of China's na-tional economy,and promoting the deep integration of the two is the only way to achieve high-quality de-velopment.With the development of data elements,the application of big data provides an innovative path to deepen the integration of the digital economy and the real economy.Based on China's 2011-2020 pro-vincial panel data,this paper takes the national big data comprehensive pilot zone policy as a quasi-natu-ral experiment,constructs a generalized differential model,and analyzes the impact of big data compre-hensive pilot zone policy on the integration of digital economy and real economy.The study found that the construction of the big data comprehensive pilot zone can significantly improve the integration level of the digital economy and the real economy.Heterogeneity analysis shows that the policy effect of the big data integrated pilot zone presents heterogeneity characteristics due to the regional location,digital infrastructure level,real economy development level,and local financial security level.Further research shows that technological innovation and optimization of factor allocation are the intermediary transmission mechanisms of big data comprehensive pilot zones to promote the integration of the digital economy and real economy.
Digital economyReal economyDeep integration of the digital and real economyTechnological innovationFactor allocation