The Influence Mechanism of Digital Economy on Real Economy
By constructing the measurement index of digital economy and using the fixed effect model,the influence mechanism of digital econo-my on the real economy is studied.The research shows that the digital economy has a nonlinear effect on the real economy,showing an inverted"U"shape.Under the background of digital economy,the level of innovation and human capital have a nonlinear affect on the real economy,showing a"U"shape,and the consumption level of residents has positively promoted the development of the real economy.Further using the moderating effect model,it is found that in the influence of the digital economy on the real economy,the level of innovation and the consumption level of residents have a negative moderating effect,and the level of human capital has a positive moderating effect.
digital economyreal economyinnovation leveleducation level of residentshuman capital level
NETL
NSTL
万方数据
维普
