Analysis of the Mechanism of Digital Economy on the Integration of Advanced Manufacturing and Modern Service Industries:Based on the Regulatory Role of Government Intervention
Based on panel data from 30 provinces in China from 2011 to 2021,this study empirically ex-amines the impact and mechanism of the digital economy on the integration of advanced manufacturing and modern service industries.The study found that:The development of the digital economy can sig-nificantly promote the two industries integration,and there is significant heterogeneity,with provinces with lower levels of digital economy development,regions with high levels of marketization and collab-orative industrial agglomeration performing more prominently;The digital economy promotes the two industries integration through two intermediate channels:improving technological innovation and re-ducing transaction costs,with the former accounting for a higher proportion of indirect paths;Govern-mental intervention plays a nverted U-shaped regulatory role between the digital economy and the two industries integration:When the degree of governmental intervention is small,it has a positive regula-tory effect on the integration relationship between the digital economy and the two industries integra-tion;When the intervention level is high,the relationship between the two is negatively regulated,e-ven reversing the promoting effect between the two.The research conclusion is not only of great signif-icance to understand the role of digital economy in China's economic transformation,but also provides useful reference and suggestions for policy makers.
Digital economyAdvanced Manufacturing IndustryModern Service IndustryIndustrial IntegrationTechnological Innovation
NETL
NSTL
万方数据
