The Influence of Data Factor on the Allocation of Traditional Factors:Mechanism and Empirical Analysis
This article constructs a new Keynesian DSGE model that includes internet platform enti-ties to explore the economic mechanism of data factor transformation in labor and capital factor allo-cation,and uses a dynamic panel model to empirically test the true effects of data factor cost,digital technology innovation,and data factor quality on employment,investment,and capital e-quipment rate.The research results indicate that:The reduction of data factor cost makes the prod-uct price lower under the condition of perfect competition,the price effect squeezes labor in the short term and capital in the long term,thereby increasing the capital equipment ratio;Digital tech-nology innovation improves total factor productivity,factor restructuring and upgrading lead to effi-ciency change,promote employment through substitution effect,reduce investment,and reduce capital equipment ratio;Data quality improvement stabilizes and expands employment through syn-ergistic effect,while preventing the unbounded expansion of capital and reducing capital equipment ratio.This article clarifies the allocation effect and mechanism of data factor on labor and capital individual factor and their proportional relationship resource endowment,providing decision-making reference for formulating employment and investment policies for the development of the digital economy.
Data FactorLabor FactorCapital FactorCapital Equipment RatioPrice EffectSub-stitution EffectSynergistic Effect
NETL
NSTL
万方数据
维普
