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This paper examines the digital economy's impact on rural household consumption upgrading. Existing studies remain mainly at the level of rural consumption scale and rarely address the consumption structure. The specific impact of the development of the digital economy on rural consumption upgrading and its mechanisms of action deserves in-depth study and consideration. We analyzed the related content using the fixed-effect model, the instrumental variable method (IV), the mediation effect model, and three-year panel data from the China Family Panel Studies (CFPS). This study found that, at the scale level, the digital economy contributes to expanding rural household consumption. At the structural level, the digital economy significantly increases the share of enjoyment-oriented household consumption but has no significant effect on development-oriented consumption. Income is an important transmission mechanism for the digital economy to improve rural household consumption. Besides, the impact of the digital economy on the upgrading of rural consumption varies according to income level and age. [ABSTRACT FROM AUTHOR]

Considering China's 'isolated' digital ecosystem, this paper examines China's 'check-in' activities to understand how the wanghong economy is driving China's new rounds of urban development, with the purpose of supplementing existing research on digital economies from the Chinese context. Focusing on a representative case study area called Dongshankou in Guangzhou, which is regarded as one of the most popular wanghong places and an emerging commercial centre, I sought to enrich existing studies about digital economies and extend scholarship on platform urbanism from the cultural economy perspective. First, I argue that Chinese consumers' check-in activities function as the data accumulation process, structuring Dongshankou's digital capital through the assemblage of online posts and geotags. Therefore, Dongshankou's urban development challenges the conventional view of creativity as the key factor in the cultural economy for urban development, given that digital capital is now the key driver for urban development in the digital age. Second, the growth of wanghong stores in Dongshankou reveals how the wanghong economy is materialised into urban cultural objects. Emotional value – a crucial selling point that these wanghong stores aim to provide to facilitate consumers' check-in activities – illustrates how China's highly participatory digital ecosystem extracts users' emotions and bodily experiences into the process of capital accumulation, which structures the 'platform urbanism' through our daily lives. This paper broadens the horizon for an alternative theoretical agenda in platform urbanism: beyond focusing solely on platform algorithms, how digital platforms and emotions become inextricably linked in economic production should be further explored. [ABSTRACT FROM AUTHOR]

China's Great Firewall was designed to control information flows to keep citizens in and the wider world out. Consequently, until recently China's economic ascendancy was not mirrored in the global digital economy. However, China's increasing digital footprint and championing of national technology firms present numerous economic and security challenges for the EU and US as the dominant digital powers. This paper investigates how growing perceptions of China-based threats in the digital domain have shaped EU (including Member State-level) and US policies. Two pertinent cases – Huawei (hardware provider) and TikTok (digital platform) – illustrate how threat perceptions have catalysed securitization moves to restrict Chinese firms' roles within national digital economies. Western policymakers are increasingly concerned about China's capacity to weaponize technologically interdependent relationships by exploiting its firms' presence within Western networks. Yet significant differences between EU Member States' perceptions precluded both a uniform EU-level response and more extensive transatlantic cooperation. [ABSTRACT FROM AUTHOR]

The digital economy is regarded as the new economy in the 21st century, and transportation infrastructure is the key driving force of traditional economic growth. However, there are still fewer studies on both. In this paper, 41 cities in the Yangtze River Delta (YRD) region are studied from 2011 to 2020. Regression using the generalized spatial least squares method confirms the facilitating effect of transportation infrastructure on the digital economy. For every 1% rise in the construction level, the digital economy improves by 0.016. Among them, enhancing the attractiveness of the core industries of the digital economy for innovation, entrepreneurial activities, and investment is an important facilitating mechanism. Further, we find that transportation infrastructure's facilitating role is enhanced after crossing the threshold of digitalization. In addition, upgrading industrial structure (rationalization and advancement) strengthens this role. The above findings reveal the relationship between transportation infrastructure and the digital economy in China and provide a scientific basis for emerging economies to seek transportation planning policymaking and digital economy development. [ABSTRACT FROM AUTHOR]

China has experienced rapid development in the digital economy. Using data from 30 provinces in China between 2011 and 2017, this paper constructs a two-way fixed effects model to study the effects and mechanisms of the digital economy development on social insurance funds revenue. An increase of one unit in digital economy development led to a 0.56% increase in basic endowment insurance funds revenue and a 0.33% increase in basic health insurance funds revenue. The digital economy increased the social insurance funds revenue by promoting employment and increasing income. Furthermore, the effects of digital economic development on social insurance funds revenue were heterogeneous for different levels of economic development and urbanization. The conclusions stood after robustness tests by changing the method of weighting the digital economy indicators and using instrumental variables. This paper confirmed the positive role of the development of the digital economy in increasing the revenue of social insurance funds from the perspective of quantitative research and explored the mechanisms in depth. In order to increase social insurance funds revenue, it is essential to accelerate the development of the digital economy, especially in regions with lower economic development and urbanization, and to address the needs of the technically unemployed and those engaged in flexible employment. [ABSTRACT FROM AUTHOR]

Digitalization and greening are key themes in global development, the manufacturing industry, as a major sector of energy consumption and carbon emissions, is in urgent need of transformation to realize energy conservation and emission reduction, digital transformation provides an opportunity for its green development. However, whether digital transformation can restrain the carbon emission intensity (CEI) of enterprises is still controversial. Based on the data of China's A‐share manufacturing listed companies from 2013 to 2020, this paper uses fixed effect model and intermediary effect model to explore the relationship between digital transformation and enterprise CEI and the influence path. the results show that: (1) Digital transformation has significantly reduced the CEI of manufacturing enterprises. (2) Mechanism analysis indicates that green technological innovation and resource allocation efficiency play a chain mediating role in this relationship. (3) Heterogeneity analysis shows that the carbon emission reduction effect of digital transformation is more significant when enterprises belong to an energy‐intensive manufacturing industry or face strong environmental regulations and industry competition. The analysis of this paper not only deepens enterprises' understanding of digital transformation and green development but also provides a policy basis for China to advocate the coordinated development of the digital economy and green economy. [ABSTRACT FROM AUTHOR]

In China, the number of senior citizens has grown, along with the burden of old age, and aging has hampered economic growth. The advent of the digital age has led to the emergence of the digital economy as a new engine for economic growth. This paper uses DEA-Malmquist index model to measure the total factor productivity growth rate of 31 provinces in China from 2011 to 2021, and uses the moderating effects model to empirically investigate the relationship between the digital economy, aging and total factor productivity, and to verify whether the development of the digital economy can mitigate the negative impact of aging on total factor productivity. The results show that aging inhibits total factor productivity growth, and the digital economy can promote total factor productivity growth. Digital economy can alleviate the negative impact of aging on total factor productivity growth, and has a moderating effect. Digital economy plays a moderating role by improving the level of human capital and facilitating technological progress. The regional heterogeneity analysis shows that the moderating effect of the digital economy exists in the eastern and western regions and the southern region, but not in the central region and the northern region. Furthermore, the digital economy has a moderating effect on both the high and low aging groups. The research in this paper not only helps to evaluate the productivity effects of the digital economy, but also has important implications for finding ways to mitigate the negative effects of aging. [ABSTRACT FROM AUTHOR]

The development of information technology has created conducive conditions for the digital economy. The digital economy is regarded as a critical pathway for transforming traditional economic models. Green total factor productivity serves as an indicator for assessing the quality of economic development. During pivotal periods of economic transition, the digital economy and green total factor productivity have emerged as two prominent themes for achieving sustainable economic development. But the impact of digital economy on green total factor productivity is less discussed. Innovation environment refers to a confluence of conditions shaped by factors such as talent, funding, cultural atmosphere and government policies, all of which collectively support innovative activities within a region. The institutional environment encompasses the aggregate of economic, political, social, and legal rules. Currently, there is little discussion on bringing innovation environment and institutional environment into the impact of digital economy on green total factor productivity. To fill the research gap, this paper adopts the Slack based measure-Directional distance function model and Malmquist-Luenberger productivity index to measure green total factor productivity in each region based on the panel data collected from 30 provinces in China from 2004 to 2019. Generalized Method of Moments method is constructed to carry out an empirical study on the impact of digital economy on green total factor productivity. This paper constructs a panel threshold model with innovation environment and institutional environment as threshold variables. In further analysis, this paper employs panel quantile regression for the empirical analysis of the impact of the digital economy on green total factor productivity. Further analysis elucidates the evident disparities in the influence of the digital economy on green total factor productivity at various levels. The research results can provide a guide for discussing the green value of the digital economy and its role in fostering the development of a green economy. [ABSTRACT FROM AUTHOR]

As the digital revolution deepens, the digital economy (DE) is reshaping the global industrial structure (IS). This paper utilizes data from 280 Chinese cities between 2007 and 2020 to conduct an in-depth analysis of how DE propels the upgrading of IS and explores the role of human capital (HC) in this process. The research indicates that DE significantly fosters the optimization of IS. Additionally, it was discovered that the growth of HC plays a pivotal mediating role in this evolution, complementing existing research on the relationship between higher education and industrial upgrading. By adopting spatial econometric methods, this study unveils the spillover effects of DE in geographical space, identifying a positive influence on the industrial upgrading of surrounding regions. The paper also confirms the nonlinear characteristics of DE's impact on IS upgrading, which manifests as a pronounced inverted U-shaped trend, marking a novel discovery. Further findings suggest that in regions with more advanced artificial intelligence technologies, the impact of DE on industrial optimization is more significant, highlighting the role of regional disparities in the digital transformation. In conclusion, the paper proposes policy recommendations based on the research findings to facilitate the development of DE and the elevation of IS levels, thereby promoting high-quality economic growth. [ABSTRACT FROM AUTHOR]

The digital economy has become a driving force in the rapid development of the global economy and the promotion of export trade. Pivotal in its advent, the digital transformation of enterprises utilizes cloud computing, big data, artificial intelligence, and other digital technologies to provide an impetus for evolution and transformation in various industries and fields. in enhancing quality and efficiency. This has been critical for enhancing both quality and efficiency in enterprises based in the People's Republic of China. Through the available data on its listed enterprises, this paper measures their digital transformation through a textual analysis and examines how this transformation influences their export product quality. We then explore the possible mechanisms at work in this influence from the perspective of enterprise heterogeneity. The results find that: (1) Digital transformation significantly enhances the export product quality in an enterprises, and the empirical findings still hold after a series of robustness tests; (2) Further mechanism analysis reveals that the digital transformation can positively affect export product quality through the two mechanisms of process productivity (φ), the ability to produce output using fewer variable inputs, and product productivity (ξ), the ability to produce quality with fewer fixed outlays; (3) In terms of enterprise heterogeneity, the impact of digital transformation on export product quality is significant for enterprises engaged in general trade or high-tech industries and those with strong corporate governance. In terms of heterogeneity in digital transformation of enterprise and the regional digital infrastructure level, the higher the level of digital transformation and regional digital infrastructure, the greater the impact of digital transformation on export product quality. This paper has practical implications for public policies that offer vital aid to enterprises as they seek digital transformation to remain sync with the digital economy, upgrade their product quality, and drive the sustainable, high-quality, and healthy development of their nation's economy. [ABSTRACT FROM AUTHOR]

The low-carbon economy represents a global transformation that encompasses production methods, lifestyles, values, national interests, and the destiny of humanity. As a significant contributor to carbon emissions, China has made a momentous strategic decision on carbon peaking and neutralization, infusing momentum into the global effort to address climate change. The rapid growth of the digital economy offers a fresh approach to achieving the "double carbon" objective and advancing the development of low-carbon transformation. Based on the panel data of 30 provinces in China, this paper uses the least square method to investigate the impact of digital economy development on regional low-carbon inclusive development. It is found that there is a significant inverted U shape in the impact of the digital economy on low-carbon inclusive development and the mechanism is resource allocation and ecological inequality. The threshold test found that the role of the digital economy in promoting low-carbon inclusive development shows a marginal decreasing trend. The inverted U-shaped impact of the digital economy on low-carbon inclusive development in the eastern and coastal areas and areas with a low level of factor productivity is more significant. Based on the knowledge factor spillover perspective, we found that the impact of the digital economy on low-carbon inclusive development has a spatial spillover effect, and this effect is more obvious under the role of R&D personnel mobility. [ABSTRACT FROM AUTHOR]

This paper examines the impact of the digital economy on sustainable development, using panel data from cities at the prefecture level and above in China from 2011 to 2019. The results indicate: (1) The digital economy is conducive to boosting growth, increasing employment, reducing energy consumption, and cutting emissions, thereby promoting sustainable development. These findings prove robust. (2) Mechanism test outcomes reveal that, from the perspective of technological innovation, the digital economy can promote sustainable development through increasing R&D input and enhancing innovation output. (3) An extended analysis of the risk of a digital "divide" demonstrates that "dividend" of the digital economy is primarily manifests in spurring economic growth, enhancing energy efficiency, and strengthening environmental protection in lagging regions, while the digital "divide" effect is manifested in the stronger employment stimulating effect of developed regions versus backward areas. The results of this study not only enrich the relevant research system, but also provide empirical evidence to support accelerating digital transformation, strengthening technological innovation governance, and advancing sustainable development. [ABSTRACT FROM AUTHOR]

AbstractTourism consumption is vital in expanding domestic demand and stimulating economic growth. In China, the urban-rural dual structure is more prominent in the tourism industry, and the potential of tourism consumption in rural areas needs further release. The development of the digital economy provides a new path to promote rural residents’ tourism consumption. Based on the data from China Family Panel Studies (CFPS) in 2016, 2018, and 2020, this paper explores the specific impact of the digital economy on rural tourism consumption. The results show that the digital economy is conducive to promoting rural tourism consumption, and income structure is an important influence mechanism. The digital economy can promote rural tourism consumption by increasing wage income. Heterogeneity analysis shows that the digital economy significantly promotes tourism consumption in rural households with sufficient leisure time. [ABSTRACT FROM AUTHOR]

Amid the increasing global internet penetration, understanding the impact of internet use on residents' health is crucial. This aids in formulating more effective health policies and provides empirical evidence for promoting health equity and improving overall public health. Drawing on the China Health and Retirement Longitudinal Study (CHARLS), this paper employs the Propensity Score Matching-Difference in Differences (PSM-DID) method to examine the impact of the internet on individual health and further explores the pathways through which the internet affects health. We introduce the research background and significance in the introduction. Then, in the theoretical analysis, it incorporates internet variables into the Becker health demand model to analyze changes in health demand and impact pathways. The empirical analysis tests the theoretical findings, leading to empirical results. Finally, the study discusses the results and provides relevant recommendations. The findings indicate significant positive effects of the internet on both physical and psychological health. These effects are realized through reducing health information asymmetry, lowering health costs, and increasing exposure to health-promoting environments. In the heterogeneity analysis, economic-related internet content shows a significant positive impact on resident health. Intensive internet use adversely affects psychological health. The beneficial effects of the internet on health are more pronounced among older individuals, those covered by medical insurance, and regions with higher levels of digital economy. Based on these findings, the study offers policy recommendations concerning individuals' internet use patterns, the digital evolution of the healthcare industry, and government infrastructure development. [ABSTRACT FROM AUTHOR]

The coupling coordination of digital economy and green high-quality development of industries is an important way for sustainable and high-quality economic development. This paper constructs an evaluation index system for the digital economy and industrial green high-quality development, and conducts empirical analysis using the coupling coordination model, the spatial autocorrelation model, and the Tobit model. The data from provinces and cities in the Yangtze River Economic Belt spanning from 2008 to 2021 has been analyzed. Results show that both subsystems exhibit a good and rising coupling coordination, and the regional coupling coordination demonstrates a trend of higher values in the east and lower in the west. Moreover, there is interaction between provinces and cities, albeit with a weakening correlation after 2011. Additionally, spatial clustering is evident between regions with high and low coupling coordination. The coupling coordination degree of each region is impacted by important factors, such as economic development level, financial level, opening up, fiscal expenditure, and urbanization. Therefore, the study recommends policies aimed at boosting the coupling coordination level in the Yangtze River Economic Belt. Key policy proposals contain promoting the integration and innovation of digital technology and green low-carbon technology, strengthening regional cooperation through the transfer of industries, and adopting differentiated development strategies tailored to regional advantages and the varied impact. [ABSTRACT FROM AUTHOR]

The new development pattern has identified two key avenues for the sustained advancement of high-quality agricultural and rural development: digitalisation and low-carbon development. The measurement of the digital economy and the agricultural carbon emission performance, and their spatial and temporal heterogeneity, is a crucial step in promoting the spatial coordination and sustainable development of digitalisation and low-carbon agriculture. This paper employs the entropy value method, SBM model, and coupling coordination degree model to investigate the coupling coordination measurement and spatial-temporal heterogeneity of the performance of the digital economy and agricultural carbon emissions. The data used are provincial panel data from 2013 to 2021. The simulation results demonstrate that, between 2013 and 2021, the digital economy of all provinces exhibited varying degrees of growth, yet the development of the digital economy between provinces exhibited a more pronounced tendency to diverge. Concurrently, the agricultural carbon emission efficiency in China exhibited a fluctuating upward trend. The development of the digital economy and the efficiency of agricultural carbon emission were found to be highly coupled. Their coupling and coordination relationship showed a downward trend followed by an upward trend. In general, it is suggested that we should increase investment in digital economy infrastructure and technology, promote digital agricultural applications, strengthen policy guidance and financial support, establish a coupling coordination mechanism and strengthen farmers' digital literacy and environmental awareness. [ABSTRACT FROM AUTHOR]

China is transitioning into the digital economy era. The advancement of the digital economy could offer a fresh mechanism to attain carbon peak and carbon neutrality objectives. Applications of the digital economy, such as smart energy management, intelligent transport systems, and digital agricultural technologies, have significantly reduced carbon emissions by optimizing resource use, reducing energy waste, and improving production efficiency. This research does so by devising a theoretical model that looks into the multi-faceted power of the digital economy under a two-sector paradigm. Utilising a panel model, a mediation effect model and a spatial Durbin model to assess the digital economy's power on carbon emissions. This research has determined that the digital economy can significantly diminish carbon emissions, with green tech innovations and industrial transformation being key contributors. The spatial spillover effect was used for the digital economy to aid in lowering carbon emissions in adjacent districts and upgrading better environmental stewardship. The influence of the digital economy has better performance in lowering carbon emissions in mid-western China than in the eastern area. This paper deepens understanding of the drivers of low-carbon growth and the significance, mechanism and regional disparities of the digital economy's effect on reducing carbon emissions. It offers valuable policy insights and guidance for globally achieving digital economy growth, reducing carbon emissions and reaching carbon peak and neutrality goals. [ABSTRACT FROM AUTHOR]

The rapid evolution of the digital economy has significantly accelerated progress towards achieving green and sustainable processes, particularly in the field of green production. While existing research has delved into the effects of the digital economy on Green Innovation (GI) and the consequences of digital transformation on Corporate Value (CV), there remains a notable gap in the literature regarding the potential for synergistic enhancements in firms' GI&CV through the ongoing digital revolution. This study utilizes an evolutionary game model and employs system dynamics methods to simulate the dynamic evolution trajectory of the influence of the digital economy on the synergy between GI&CV. Subsequently, it empirically assesses the interconnected synergies between GI&CV using a dataset comprising information from Chinese listed firms spanning from 2011 to 2020, examining the impact of the digital economy on these synergies. Moreover, the study delves into the analysis of the transmission mechanism and conducts an extended investigation to further explore this phenomenon. The findings of this paper including: (1) The digital economy acts as a driving force behind the synergistic enhancement of firm GI&CV. Moreover, this effect is further augmented by governmental environmental regulation and green subsidy policies. (2) Drawing upon the information asymmetry theory and the resource-based theory, the regional marketization level and firms' digital transformation play intermediary roles. (3) The heterogeneity test indicate that firms situated in eastern regions and those classified as non-heavily polluted benefitted to a greater extent. This study sheds light on the incentive implications of digital economy for the synergistic upgrading of GI&CV, thereby extending the breadth of study on the consequences of digital economy. Moreover, it offers actionable suggestions for enterprises to leverage digital economy development towards achieving a synergistic improvement of GI&CV. [ABSTRACT FROM AUTHOR]

The development of digital economy is a strategic choice to grasp the revolution of new science and technology and the new opportunities of industrial reform. The development of digital economy depends on the good support of policy and theoretical system. Therefore, the quantitative evaluation of policy texts provides the basis of decision-making and the suggestions of path optimization for the formulation and improvement of digital economy policy of China. By selecting the text of digital economy policy issued by China government, the paper constructs a quantitative evaluation model of digital economy policy using the methods of content analysis and text mining. The empirical research results show that the overall design evaluation of the selected policy is relatively reasonable. Six policies were evaluated as excellent and two as acceptable. In view of the problems such as lack of predictive policy in the policy type, lack of specific policy in the policy timeliness, imbalance in the use of policy guarantee, and lack of comprehensive coverage in the policy objectives, the paper puts forward corresponding countermeasures and suggestions. [ABSTRACT FROM AUTHOR]

In the context of the rapid development of the global digital economy, it is of great significance to explore the greening transformation of the manufacturing industry from the micro-perspective of enterprise digital development. This paper empirically examines the impact and mechanism of enterprise digital development on the greening transformation of the manufacturing industry using the 2010–2020 data of Chinese A-share listed companies in the manufacturing industry as a sample. The study shows that enterprise digital development can significantly promote the greening transformation of China's manufacturing industry, and this conclusion still holds after a series of robustness tests. Technological innovation and financing constraints are important mediating mechanisms. Further research found that the impact of enterprise digital development on the greening transformation of China's manufacturing industry has a positive nonlinear effect, and its marginal effect shows a weakening trend. Heterogeneity analysis shows that, from the perspective of micro characteristics, digital development is more able to promote the green transformation of state-owned and large enterprises. From a macro-regional perspective, digital development can better promote the green transformation of the manufacturing industry in eastern cities, key city clusters, and high-level cities. The findings of this paper can provide corresponding insights for "revitalizing the manufacturing industry", and also provide decision-making references for countries aiming to make the manufacturing industry bigger and stronger. [ABSTRACT FROM AUTHOR]

The long-term and stable development of agriculture is the key to China's economic development and social stability. Agricultural total factor productivity and the digital economy have become new kinetic energy and new engines driving agricultural high-quality development. It is of great significance to verify whether there are significant spatial and threshold effects in the process of high-quality development of agriculture and to explore the intrinsic relationship between high-quality development of agriculture and agricultural total factor productivity and digital economy. This paper takes 31 provinces in China from 2011 to 2020 as the research object. The coefficient of variation method is used to estimate the comprehensive evaluation index of agricultural high-quality development and digital economy. And Dea-Malmquist index method is used to estimate agricultural total factor productivity. On this basis, the spatial Durbin model and threshold regression model are constructed to explore the spatial and threshold effects of agricultural total factor productivity, digital economy and other factors and high-quality agricultural development. The conclusion is as follows: the high-quality development of agriculture has significant spatial autocorrelation. Agricultural total factor productivity and digital economy have significant direct effect and indirect spillover effect on the high-quality development of agriculture. Agricultural total factor productivity has stage differences in each range of digital economy level, but its influence on agricultural high-quality development shows a positive state. Based on this, the paper puts forward some countermeasures to promote the high-quality development of agriculture. [ABSTRACT FROM AUTHOR]

With the emergence of digital technologies, we have witnessed a rapid growth of the sharing economy in recent years. In fashion industry, sharing economy concept is also widely applied. Instances can be found all over the world, like Rent the Runway, Golden Tote, Stitch Fix, and Le Tote in the US, Air Closet in Japan, Y Closet, Ms Paris, and Dora's Dream in China, etc. In this paper, motivated by the industrial practices of fashion sharing platforms, we first conduct a literature review on business operations of sharing platforms, including the sharing platform operations, digital and information technologies employed in sharing economy, business models, and sustainability and circularity in business operations. Afterwards, we analyze the challenges faced by fashion sharing platforms by exploring the two leading fashion sharing platforms in the US and in China, respectively. At last, we propose future research directions on fashion sharing platform operations and conclude the paper. [ABSTRACT FROM AUTHOR]

In the ever-evolving landscape of the global economy, big data, the new generation of artificial intelligence, and block chain technology have risen as pivotal drivers of the data economy. These technologies are playing an increasingly vital role in catalyzing transformative changes within the sports industry and the broader digital economy. As the world economic patterns continue to shift and Internet technologies advance, the digital economy, particularly within the sports sector, faces higher demands and opportunities for innovation. In the context of China's economic development, the digital economy has emerged as a primary pathway to achieving high-quality economic growth. This paper embarks on a theoretical exploration of the profound impact of big data and blockchain technology within the sports industry, examining their current applications and potential. The research presented here seeks to unravel the intricate mechanisms through which big data and blockchain technology drive high-quality development within the sports sector's digital economy. By shedding light on these dynamics, this paper contributes valuable insights to guide and optimize the future of China's economic development, with a strong emphasis on the sports industry as a critical focal point for innovation and growth. [ABSTRACT FROM AUTHOR]

With technological transformations such as big data, blockchain, artificial intelligence, and cloud computing, digital techniques are infiltrating the field of finance. Digital finance (DF) is a resource-saving and environmentally friendly innovative financial service. It shows great green attributes and can drive the flow of financial resources towards environmentally-friendly enterprises, thereby promoting green low-carbon circular development (GLCD). However, few studies have explored the coupling mechanism between DF and GLCD. To fill this gap, this paper explores the effect of DF on GLCD, and established a mediating effect model to investigate the mechanism of DF in promoting GLCD. Additionally, this paper established a random forest model and a CatBoost model based on machine learning to examine the relative importance of DF and the factors affecting GLCD. The results show that DF has significant positive effects on GLCD, and technological innovation plays a key role in the effect of DF on GLCD; meanwhile, the effect of DF on GLCD shows nonlinear features with an increasing "marginal effect"; moreover, both DF and conventional factors have significant impacts on GLCD. Our study highlights the effect of DF on GLCD and underscores the importance of developing policies for DF and GLCD. This study provides an empirical basis and path reference for DF to achieve "carbon peak, carbon neutralization" in China. [ABSTRACT FROM AUTHOR]

The realization of common prosperity is an essential requirement of socialism and an important feature of modernization with Chinese characteristics. New infrastructure development is a new engine for general and balanced economic growth in the digital economy era and plays an important role in achieving high-quality and inclusive economic growth. This study innovatively incorporated new infrastructure development into the theoretical analysis framework of common prosperity. Based on the data of 30 provincial-level samples from 2011 to 2020 and using the entropy weight method and coupled coordination model, this paper measured the level index of new infrastructure development and that of common prosperity. On this basis, the paper empirically examined the influence mechanism of new infrastructure development on common prosperity, the process of marketization, and the moderating role of rural human capital investment. The results showed that, overall, new infrastructure development significantly promoted common prosperity. Regionally, the new infrastructure development promoted the common prosperity of China' s southern region but had an obvious inhibitory effect on its northern region. Although new infrastructure was divided into different categories, fusion infrastructure, innovation infrastructure, and information infrastructure all promoted common prosperity to different degrees, but in terms of impact coefficient, fusion infrastructure, information infrastructure, and innovation infrastructure all declined in turn, as a matter of fact. The marketization process, rural health, education and training, and the migration of human capital investments all contributed to strengthening the role of new infrastructure development in promoting common prosperity. This study not only helps to clarify the theoretical correlation between new infrastructure development and common prosperity and enrich the sustainable or inclusive assessment framework of new infrastructure development from the perspective of common prosperity, but also helps to coordinate the goals and tasks of new infrastructure development and common prosperity for governments at all levels and relevant departments in practice and provides empirical evidence and policy implications. [ABSTRACT FROM AUTHOR]

The development of the digital economy in the modern era significantly embodies a country's comprehensive strength. This paper uses the data from China's 2012 and 2017 input-output tables to analyze the linkage structure between the digital economy industry and other industries using the average propagation length model and social network analysis. The Weaver–Thomas model was used to obtain the industrial linkage matrix and network characteristics. An industrial chain map of the digital economy was depicted as the core. This paper is of practical significance in depicting the industrial chain structure and network characteristics, understanding the position of digital economy industry in the economic system and promoting the integrated development of the digital economy and traditional manufacturing industries, which allows them to incorporate the new generation of technology and industrial transformation with the digital technology as the core to promote their transformation and upgrading. [ABSTRACT FROM AUTHOR]

The digital economy (DE) has become a major breakthrough in promoting industrial upgrading and an important engine for high-quality economic growth. However, most studies have neglected the important driving effect of regional economic and social (RES) development on DE. In this paper, we discuss the mechanism of RES development promoting the development of DE, and establish a demand-driven regional DE development model to express the general idea. With the help of spatial analysis toolbox in ArcGIS software, the spatial development characteristics of DE in the Yangtze River Delta City Cluster (YRDCC) is explored. We find the imbalance of spatial development is very significant in YRDCC, no matter at the provincial level or city level. Quantitative analysis reveals that less than 1% likelihood that the imbalanced or clustered pattern of DE development in YRDCC could be the result of random chance. Geographically weighted regression (GWR) analysis with publicly available dataset of YRDCC indicates RES development significantly promotes the development of DE. [ABSTRACT FROM AUTHOR]

In the context of the rapid development of the digital economy, it's an important topic how to play the role of digital technology in improving innovation efficiency. Employing the spatial econometric model with province-level panel data during 2006–2018, the article explores the impact of the development of the digital economy on innovation efficiency in China. The analysis unveils three major findings. First, the innovation efficiency has significant positive spatial externalities and the digital economy has significantly positive direct effects and spatial spillover effects on innovation efficiency, but the above effects are heterogeneous for different regions and innovation subjects. Second, the impact of digital economy development on innovation efficiency has characteristics of a certain degree of lag effect and continuity. Third, the threshold effect analysis reveals the non-linear characteristic of the increasing marginal effect of the digital economy on innovation efficiency. Altogether, the development of the digital economy has become an important driving force for promoting China's innovation efficiency. The findings of this paper provide empirical evidence for understanding the relationship between the digital economy development and innovation efficiency, giving significant implications for the innovative development of developing countries. [ABSTRACT FROM AUTHOR]

This paper explores the impact of digital economy, population, affluence, technology, and other factors on carbon emissions, with panel data for 13 cities in the Beijing-Tianjin-Hebei urban agglomeration from 2011-2019. To overcome the negative influences of multicollinearity among independent variables under acceptable bias, we extended the traditional STIRPAT model and adopted the Partial Least Squares Regression (PLSR) algorithm. Results show that the digital economy has a directly dampening effect on carbon emissions, and the effect will diminish as the digital economy develops. Besides, under different development levels, differences are significant in terms of the impact of population, affluence, technology, urbanization rate and industrial structure on carbon emissions. Academically, we applied the PLSR method to the study of the relationship between digital economy and carbon emissions for the first time, which enhanced the credibility of the research conclusions. In addition, analysis based on samples from China's Beijing-Tianjin-Hebei urban agglomeration also provides more empirical evidence for related research. Practically, we recommend such policies as developing digital cities, promoting low-carbon concepts, and accelerating industrial transformation for the Beijing-Tianjin-Hebei region to achieve the "dual-carbon" goals and high-quality economic development. [ABSTRACT FROM AUTHOR]

A relatively high share of small-scale farmers in China is living in a precarious environment that limits their productivity. Moreover, small-scale farmers are among the most vulnerable population characterized by the lack of capital, therefore, they face difficulties in coping with the negative effects of climate risk. A good financial system is among the numerous solutions to help farmers to be more resilient to external risks. However, the traditional financial system often excludes the most vulnerable population. Therefore, this study attempts to understand the relationship between climate risk, digital inclusive finance, and the income of the farmers. Specifically, we want to verify if digital inclusive finance mitigates the impact of climate risk, thus increasing the income of farmers. For that, we used panel data from 288 prefecture-level cities in China from 2011 to 2020. We found that climate risk decreases the income of farmers, and the magnitude of the effect of climate risk is higher for middle and low-income farmers, for cities with a relatively low level of agricultural insurance, and in the northern region. Thus, climate risk increases the income gap between farmers and between urban and rural areas. Moreover, we found that digital inclusive finance, the coverage breadth, usage depth, and digitalization level of digital finance mitigate the adverse effect of climate risk on the income of farmers. This paper provides new perspectives for policymakers to mitigate the effect of climate risk on the income of farmers, improve the ability of farmers to adapt to climate change and reduce the income gap between farmers and between urban-rural areas. [ABSTRACT FROM AUTHOR]

This paper establishes a coherent framework for delineating the nexus between the digital economy and the subjective efficacy of labor resource allocation. It elucidates the theoretical underpinnings of the digital economy's impact and its channel effects on the efficiency of labor allocation. Within the digital economy landscape, the phenomena of survivorship bias, digital divide, and algorithmic hegemony wield substantial sway over the efficiency of labor market allocation. Empirical analysis, conducted through a cross-sectional data model, validates the theoretical framework. The findings demonstrate that the digital economy markedly diminishes the subjective efficiency of labor allocation. Notably, this inhibitory effect is more pronounced among female workers, households with multiple residences, the non-unmarried demographic, and individuals over the age of 40, with the most pronounced effect observed among those aged over 60. In the examination of the causative mechanisms, it is discerned that the digital economy attenuates the subjective efficiency of labor allocation by workers through three conduits: alterations in social and economic status, shifts in living standards, and modifications in workplace comfort. [ABSTRACT FROM AUTHOR]

The attainment of regional high-quality development necessitates the critical role of the digital economy in facilitating the transformation of industrial structures. This study intends to investigate the effect of the digital economy on industrial structure transformation from the perspective of innovation factor allocation using a panel dataset of 41 cities in the Yangtze River Delta region for the period from 2011 to 2020. This paper considers four dimensions to measure the level of industrial structure transformation i.e. industrial structure servitization, industrial structure upgradation, service industry structure upgradation and industrial interaction level. The results of the study suggest that the digital economy can significantly improve industrial structure transformation. The results remain consistent even after several robustness checks. Further, the analysis of the mechanism of action shows that the digital economy can promote industrial structure transformation by optimizing the innovation factor allocation. The study provides several policy implications for the digital economy and its role in the promotion of industrial structure transformation. [ABSTRACT FROM AUTHOR]

Green and low carbon reflect the high-quality development, while income distribution is an indicator of the balance of development. Is there a lack of fairness in the process of green and low carbon transition of enterprises? Using data from A-share listed companies from 2009 to 2016, this paper constructs a DID identification framework for controlling the endogeneity problem using the 2013 carbon trading policy pilot as a quasi-natural experiment to empirically test the impact of corporate low-carbon transformation on corporate labor income share in the context of carbon trading policy. The findings indicate that carbon trading policy decreases the labor income share of firms. In addition, we demonstrate that the low-carbon transition promotes labor productivity, suggesting that the Porter's hypothesis is confirmed in China, but the increase in labor wages is not in tandem with productivity growth, resulting in reduced labor income share. Heterogeneity analysis shows that the impact of carbon trading policy on labor income share is mainly pronounced in larger firms, high technology firms and persistent incumbent firms. Collectively, these results are expected to accurately improve our understanding on the impact of low-carbon transformation of enterprises on income distribution and provide reference for the government to formulate industrial policies and distribution mechanisms under low-carbon economy. [ABSTRACT FROM AUTHOR]

As a product of combining digital technology and traditional finance, digital inclusive finance plays a vital role in economic growth. This paper deeply analyzes the impact of digital inclusive finance on economic growth and the specific transmission path. This research selects the municipal panel data of Beijing-Tianjin-Hebei from 2011 to 2020 and empirically studies the impact of digital inclusive finance on economic growth. From the perspectives of industrial structure transformation speed, industrial structure upgrading, and industrial structure rationalization, this study analyzes the role of industrial structure in the impact of digital inclusive finance on economic growth and tests the heterogeneity of the impact of digital inclusive finance on economic growth. The results show that digital inclusive finance has a significant role in promoting economic growth. The depth of use of digital inclusive finance has the most significant impact, followed by the breadth of coverage, and the degree of digitization is the smallest. The industrial structure transformation speed and the industrial structure rationalization play a significant intermediary role in the economic growth effect of digital inclusive finance, and the industrial structure upgrading has no significant impact on the economic growth effect of digital inclusive finance; the promotion effect of digital inclusive finance on economic growth is bigger in the economically developed group, the higher digital inclusive finance group and the technologically developed group, and the promotion effect is smaller in the economically underdeveloped group, the lower digital inclusive finance group and the technologically underdeveloped group. The results provide a strong reference for policy formulation to promote the development of digital inclusive finance and economic growth. [ABSTRACT FROM AUTHOR]

Industrial technological progress, as an essential industrial-technological and institutional phenomenon, brings with it the possibility of high profits for firms but also implies new norms and rules of competition, which affect the willingness and propensity of firms to bear the costs of undertaking venture capital projects. This study empirically investigates the causal impact of industrial-technological progress on corporate risk-taking and the mechanism of digital financial growth on the relationship between the two, based on data from China's A-share listed businesses from 2011 to 2020. This paper finds that (1) industrial technological progress improves enterprise risk-taking levels. Moreover, digital financial development has an incentive effect on industrial technological progress and enterprise risk-taking levels. (2) Industrial technological progress under digital financial development generates financing constraint relaxation effects, input capital return enhancement effects, and innovation performance incentive effects, increasing enterprise risk-taking. (3) The positive moderating effect of digital financial development on the relationship between industrial technological progress and the risk-taking level of enterprises in the eastern regions and enterprises in the high-tech industry is more prominent. The study's findings provide a theoretical foundation and policy insights on the crucial elements of industrial-technological progress and enterprises' increased ability to take risks throughout the development of digital finance. [ABSTRACT FROM AUTHOR]

Digital economy has become a "new engine" that driving global economic growth. Nevertheless, numerous controversies persist regarding whether and how digital economy can facilitate the development of emerging industries. Thus, this paper investigates how digital economy affects creative industries development in China and whether innovation efficiency mediates this relationship. Drawing upon a panel data set containing 29 Chinese provinces from 2012 to 2019, an econometric model is constructed for empirical analysis. We find that digital economy significantly promotes creative industries development, and innovation efficiency plays a partial mediating role between digital economy and creative industries development. According to the influence mechanism, the digital economy of various regions could promote the creative industries development by improving the innovation efficiency. Finally, relevant suggestions were put forward from the expanding application paths, improving regional innovation efficiency, and creating an innovative environment. [ABSTRACT FROM AUTHOR]

This paper examines the coupling coordination degree between digital economy and green technology innovation in 19 urban agglomerations across China from 2011 to 2020. Through the analysis of the coupling coordination degree model, spatial autocorrelation, multi-distance spatial clustering analysis, kernel density analysis and grey correlation model, this study uncovers the mechanism of coupling between digital economy and green technology in Chinese urban agglomerations. Data analysis revealed a significant increase in the coupling coordination between the digital economy and green technology innovation within urban agglomerations. However, there are noticeable spatial imbalances in this trend. Additionally, the multi-distance spatial distance analysis highlights a shift from a random distribution to a clustered distribution of spatial characteristics. The polarization features vary among each urban agglomeration and exhibit a significant positive spatial correlation. Factors such as economic sustainability, creative talent, policy support, digital impetus, and technological support will affect the coupling mechanism of green technology innovation and the digital economy in China's urban agglomerations. Policy recommendations are proposed to foster the development of the digital economy, promote coordinated growth within and beyond urban clusters, and ultimately build a digital ecological civilization that is both green and intelligent. [ABSTRACT FROM AUTHOR]

The information services (IS) industry, which facilitates industrial transformation and upgrading, has emerged as a key driving force behind China's economic growth in recent years. More evidence can be accumulated from the Pearl River Delta (PRD), one of the largest transforming economies and IS gathering region in China. Firstly, this paper investigates the spatial patterns and dynamics of IS agglomeration in the PRD from 2003 to 2018, using the spatial autocorrelation analysis and Kernel density analysis. Secondly, a dynamic panel model with a system generalized method of moments (SYS‐GMM) estimation is employed to identify the factors significantly influencing the industry agglomeration economy. Results show that: (1) Large firms continue to gather in the core area of major cities, while smaller firms show a more balanced distribution from the core to periphery regions. The spatial proximity of firms proves that micro firms benefit less from industrial agglomeration compared to larger ones. (2) The effects of agglomeration externalities on economic growth remains positive, with labor force and commuting costs playing a vital role in the expansion of the IS industry. By integrating geo‐spatial information and empirical evidence, this study contributes to China's understanding and experience as a late‐developing country in the digital economy era. Finally, policies supporting small and medium enterprises (SMEs), improving the effectiveness of government subsidies, and strengthening industry‐university research cooperation are proposed. [ABSTRACT FROM AUTHOR]

In the past decade, the Chinese government's financial subsidies for performing arts troupes accounted for an average of 50.57% of their total income. By the end of 2021, China has 18,370 performing arts troupes and 3,093 performing arts venues. The research conclusions of this paper include the following four points: (1) Digital live-streaming theater(DLT) is an "innovation" for traditional Stage Theater(ST) performance, and its changes in creation mechanism, audience-actors relationship, technical esthetics and business model are worthy of further study. (2) Data from 2011 to 2021 show that Baumol's cost disease also exists in Chinese performing arts. (3) The Chinese government has been reducing its direct management and control of arts troupes, trying to move toward "arm's length" governance. (4) During the COVID-19 epidemic, performance case data from China show that DLT can indeed reduce the marginal cost, attract more young audiences, and increase performance revenue. However, considering the high technical cost input, whether digital technology can alleviate the cost disease of performing arts still needs more annual industry data analysis. [ABSTRACT FROM AUTHOR]

Along with the rapid development of digital economy and the urgency of green development, more studies focus on the relationship between digital economy and green development. However, the existing research focuses on the impact of digital economy on green total factor productivity, ignoring digital technology, which is a key technology for improving efficiency to achieve green development. Exploring the impact of digital technologies on green total factor productivity helps to understand the impact of digital economic development on green development from an internal perspective of the digital economy. This paper uses an SBM-GML index to measure regional green total factor productivity based on provincial level data and innovatively constructs digital technology indicators based on micro-level ICT patent data in China. Fixed-effects model is used to study the impact of digital technology on green total factor productivity and moderating model is used to examine the moderating effect of capital accumulation. The results indicate that: (1) At the national level, digital technology is conducive to the improvement of green total factor productivity, and the result passes the robustness test. From a dynamic long-term impact perspective, the effect of digital technology development on green total factor productivity is showing an increasing trend. (2) Digital technology's effect on green total factor productivity is heterogenous. The results of the subregional heterogeneity analysis indicate that the effect is greater in the coastal regions and southern regions. The results of the heterogeneity analysis of the external environment indicate that the effect is greater in regions with smaller economies, regions with lower external economic dependence, and regions with lower government fiscal intervention. (3) Capital accumulation has moderating effect in the process of digital technology affecting green total factor productivity which will inhibit the improvement of digital technology development on green total factor productivity. Based on the conclusions, to better utilize the role of digital technology in promoting green development, it is necessary for the government to build a digital technology exchange platform, promote the balanced development of digital technology, and expand domestic demand to reduce the dependence on capital accumulation. [ABSTRACT FROM AUTHOR]

Digital economy is a great route to promote the efficient utilization of natural resources and promote sustainability due to its high-tech, rapid growth, extensive penetration, deep integration and other characteristics. Existing study on the influencing factors of the digital economy is not deep enough and lacks the analysis on the relationship structure of factors influencing the digital economy, which is not conducive for an overall grasp of the digital economy. To correctly understand how to better develop the digital economy, this paper studies its influencing factors and the relationships between them. Based on the time-series data of China from 2002 to 2018, grey correlation analysis was applied to calculate the correlation between these influencing factors and the digital economy, and determine the major influencing factors of digital economy development in China. The Granger causality test and a review of existing research were used to judge the interrelationship of various factors. The interpretative structure model was utilized to determine the relationship structure of the main factors affecting the development of China's digital economy. The results show that the number of digital talents, state of the technology market, and degree of digitalization are direct influencing factors of the digital economy. The results help to better understand the development of the digital economy and will enable the implementation of policies to improve towards more sustainable cities. [ABSTRACT FROM AUTHOR]

This paper examines the roles of digital finance development in household income, consumption, and financial asset holding from an extreme value theory perspective. Three types of extreme pairs (Min to Min, Max to Max, and Max to Min) are constructed, corresponding to the three aspects of the economic welfare of digital finance: fairness, efficiency, and their trade-off. Using panel data from the Peking University Digital Financial Inclusion Index of China (PKU-DFIIC) and China Family Panel Studies (CFPS) over time span 2014–2018, this paper models the block maxima and minima of variables by fitting them with generalized extreme value (GEV) distribution. The binary expansion testing (BET) is used to detect the nonlinear dependence between digital finance and household economic variables. The tail quotient correlation coefficient (TQCC) is used to quantify the tail dependencies. The results show that: (1) digital finance has significant fairness effects in reducing poverty, increasing consumption, and promoting financial asset holding; (2) digital finance shows effects of promoting incentives and efficiency in household income and financial asset holding, but this effect is relatively limited in household consumption; (3) digital finance generally increases efficiency without harming fairness in terms of all cases of household income and consumption, and most of the cases regarding household financial asset holding; (4) the positive spatial externality of digital finance exists for all household economic variables; and, for pairs regarding household income and consumption, the wider the scope, the greater the spatial spillover effect. The result of this paper implies many novel policy implications. [ABSTRACT FROM AUTHOR]

Based on the Office for National Statistics' delineation of the scope of the digital economy industry, this paper selects indicators from five industrial dimensions: digital product manufacturing, digital product service, digital technology application, digital factor drive and digital efficiency improvement, and constructs an evaluation system to measure the development level of China's digital economy at the provincial level. It is found that there is a wide gap in the development of China's provincial digital economy, with the eastern coastal provinces and cities having a high level of digital economy development. The coupling and coordination model was then applied to examine the interrelationships between the five industrial dimensions of the digital economy, and it was found that most of the coupling and coordination relationships of the five industrial dimensions are at the stage of medium-high coupling and low coupling and coordination, and each province and city has different coupling and coordination characteristics. The numerical evaluation results provide an intuitive understanding of the differences and deficiencies in the development of the digital economy in different regions, and serve as a reference for the medium and long-term digital economy development planning of provinces and municipalities as well as the whole country. In the future, the state should invest more in the digital economy in the central and western regions, and each province should cultivate and develop the digital economy in accordance with its own local conditions. [ABSTRACT FROM AUTHOR]

The Chinese government clearly put forward a strategy to speed up the development of the digital economy in "the 14th Five-Year" Plan, which will become the booster of China's development. China has a vast territory and the state of development of the digital economy varies greatly across different regions. It is crucial to clarify the reasons for these differences and take measures to narrow them. Therefore, the evaluation and analysis of the current situation are conducive to the further development of the digital economy. Taking 30 provinces (excluding Tibet, Hong Kong, Macao and Taiwan) of China as the research objects, this paper constructs an index system taking digital infrastructure, digital technology and digital talent as input variables and taking digital industrialization and industrial digitization as output variables. The data envelopment analysis (DEA) cross-efficiency model is constructed to calculate and compare the cross-efficiency of the digital economies in each province. The results show the following: (1) The development efficiency of China's digital economy has generally been low, and there is a large "digital divide" between provinces. (2) The input of digital talents is crucial for the digital economy in order to achieve high output and high efficiency, and high output is often accompanied by high efficiency. Based on the above conclusions, this paper puts forward some suggestions to promote the development of China's digital economy. [ABSTRACT FROM AUTHOR]