Digital Economy,Virtual Agglomeration,and Green Transformation of Industries:Based on the Medium and Micro Perspectives
Promoting green development and the harmonious coexistence of human beings and nature is an essential requirement of Chinese modernization.Further,the deep integration of the digital economy and green development has become an inevitable requirement and an important support for realizing the"dual carbon"goals and promoting the high-quality development of the economy.Based on business registration information for Chinese enterprises and data for prefecture-level cities from 2011 to 2019,this paper examines the impact of the development of the digital economy on the industrial green transformation and the mechanism for this effect.The study shows that digital economic development actively promotes the green transformation of industries'structures and efficiency;the conclusion holds after a series of robustness tests,including endogeneity testing and replacement of key variables.The mechanism analysis suggests that the digital economy can promote the green transformation of industrial structures and the efficiency by enhancing virtual agglomeration level.The heterogeneity analysis shows that the development of the digital economy can drive the industrial green transformation in areas with poor infrastructure construction and geographic barriers.This study provides a reference point for effectively releasing the digital dividend to drive the industrial green transformation and achieve high-quality development.
digital economyvirtual agglomerationindustrial green transformationpeak carbon dioxide emissions and carbon neutrality
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