Impact of Digital Economy on Regional Coordinated Development
ZHONG Wen1,2, ZHENG Ming-gui1,2
1. Mining Development Research Center, Jiangxi University of Science and Technology, Ganzhou, Jiangxi, 341000; 2. College of Economics and Management, Jiangxi University of Science and Technology, Ganzhou, Jiangxi, 341000
Abstract:The technological innovation and progress brought about by digital economy is permeable. It can change the proportion and type of production factors, gradually replace traditional backward production factors, remodel the labor division and coordination system, and improve productivity. It is an important basis for regional coordinated development. Based on the survey of the coordinated development of digital economy and regional economy in China with the provincial panel data from 2006 to 2019, this paper makes empirical analysis of the impact of digital economy on regional coordinated development and its working mechanism from different perspectives with fixed effect model, spatial econometric model and mediating effect model. The findings are as follow. Digital economy significantly contributes to coordinated regional development, but there are obvious regional difference and spillover effects. Relevant conclusions are supported by the robustness test and endogenous treatment. The upgrade of industrial structure is an important mechanism of digital economy affecting regional coordinated development. Specifically, digital economy has stronger positive impact on regional coordinated development in eastern regions than in central and western regions. Spatial spillover analysis shows that there are not only exogenous digital economy interaction effects in China, but also endogenous interaction effects of regional coordinated development. The analysis of the conduction mechanism shows that prompting the upgrade of industrial structure is an important mechanism for digital economy to advance regional coordinated development.