Research on the Synergy Impact between Digital Economy and Technological Innovation on High-quality Economic Development
At present,China's economy has shifted from the stage of high-speed growth to the stage of high-quality development,and the digital economy and technological innovation are two important ways to promote the high-quality development of the economy.To solve the imbalance between the development of digital economy and technological innovation in China is the internal requirement to promote the high-quality development of economy.Whether the synergy effect of digital economy and technological innovation impels China's economy to develop towards high-quality or not,there is still a lack of supporting theoretical and empirical evidence.Based on the research perspective of coupling and synergy,the influence path of the synergistic effect of digital economy and technological innovation on the high-quality development of the economy in both theoretical and empirical dimensions is verified based on the provincial panel data of China from 2011 to 2020.Firstly,construct a coupling coordination degree model to measure the level of synergistic effect of digital economy and technological innovation.Secondly,empirically analyze the role mechanism of synergistic effect on economic high-quality development by using the fixed effect model and the mediation effect model.Finally,construct a spatial weight matrix reflecting the flow of innovation factors among regions to examine the spatial knowledge spillover effect of synergistic effect.It is found that:firstly,the synergy effect of China's digital economy and technological innovation and the high-quality development of the economy have significant spatial clustering characteristics,and in general,the synergy effect has a large regional difference,with the eastern region significantly better than the central and western regions,but the gaps are gradually narrowing.Secondly,the synergistic effect obviously promotes the enhancement of regional high-quality development,and its effect is stronger than the impact of the two themselues on the high-quality development of the economy,resulting in the synergistic effect of"1+1>2",which has become the"new engine"of high-quality development of economy in the period of the new scientific and technological revolution.The accumulation of human capital and optimization of industrial structure are two important channels through which the synergistic effect affects the high-quality development of the economy.Thirdly,the synergistic effect of digital economy and technological innovation can not only significantly improve the quality of economic development in regions,but also have a significant positive spatial knowledge spillover effect on the economic high-quality development of related regions through the flow of scientific research capital,but the flow of scientific researchers has a siphoning effect on the economic high-quality of related regions,which is related to the characteristics of scientific researchers'tendency to make profits.Overall,the data support and analysis context are provided for evaluating the synergy effect of digital economy and technological innovation,and new policy reference for exploring the upgrading path of high-quality economic development.
digital economytechnological innovationhigh-quality economic developmentsynergy effectspatial knowledge spillover