IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i17p6773-d401894.html
   My bibliography  Save this article

Integrated Development of Information Technology and the Real Economy in China Based on Provincial Panel Data

Author

Listed:
  • Hui Zhang

    (School of Management, Shanghai University, Shanghai 200444, China)

  • Yuyao Qian

    (School of Foreign Languages, Shanghai University, Shanghai 200444, China)

  • Liying Yu

    (School of Management, Shanghai University, Shanghai 200444, China)

  • Zheng Wang

    (School of Management, University of Shanghai for Science and Technology, Shanghai 200093, China)

Abstract

The deep integration of information technology (IT) and the real economy contributes to China’s high-quality economic sustainable development. From the perspective of efficiency, this paper aims to build an evaluation index system, with 30 provinces in China from 2011 to 2017 being taken as the research objects, conduct static and dynamic analysis by using the super-efficiency data envelopment analysis (DEA)-Malmquist index, and draw a spatial distribution diagram to reflect its changes. This study reveals that the integrated development of information technology and the real economy is unbalanced in China. The eastern region performs better with a development slowdown, while the central and western regions lag behind with a lot of room for improvement. The effect of regional agglomeration is obvious, which can be evidenced by the fact that those provinces with a high-efficiency value produce a radiation effect on their neighboring provinces. On the whole, the total factor productivity is increasing annually, with the technical progress being the main factor that affects the total efficiency. According to the results, the countermeasures and suggestions are put forward in this paper to provide reference for a better sustainability development of information technology and the real economy.

Suggested Citation

  • Hui Zhang & Yuyao Qian & Liying Yu & Zheng Wang, 2020. "Integrated Development of Information Technology and the Real Economy in China Based on Provincial Panel Data," Sustainability, MDPI, vol. 12(17), pages 1-17, August.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:17:p:6773-:d:401894
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/17/6773/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/17/6773/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "How enhancing information and communication technology has affected inequality in Africa for sustainable development: An empirical investigation," Sustainable Development, John Wiley & Sons, Ltd., vol. 27(4), pages 647-656, July.
    2. Per Andersen & Niels Christian Petersen, 1993. "A Procedure for Ranking Efficient Units in Data Envelopment Analysis," Management Science, INFORMS, vol. 39(10), pages 1261-1264, October.
    3. Jiban Khuntia & Terence J. V. Saldanha & Sunil Mithas & V. Sambamurthy, 2018. "Information Technology and Sustainability: Evidence from an Emerging Economy," Production and Operations Management, Production and Operations Management Society, vol. 27(4), pages 756-773, April.
    4. David Gibbs & Keith Tanner, 1997. "Information and Communication Technologies and Local Economic Development Policies: The British Case," Regional Studies, Taylor & Francis Journals, vol. 31(8), pages 765-774.
    5. Sajda Qureshi, 2019. "Perspectives on development: why does studying information and communication technology for development (ICT4D) matter?," Information Technology for Development, Taylor & Francis Journals, vol. 25(3), pages 381-389, July.
    6. Ansgar Belke & Irina Dubova & Thomas Osowski, 2018. "Policy uncertainty and international financial markets: the case of Brexit," Applied Economics, Taylor & Francis Journals, vol. 50(34-35), pages 3752-3770, July.
    7. Abdou-Aziz Niang & Abdoulaye Diagne & Marie-Claude Pichery, 2011. "Exploring the finance-real economy link in U.S.: an empirical evidence from panel unit root and cointegration analysis," Post-Print halshs-01228057, HAL.
    8. Zhimin Dai & Lu Guo & Zhengyi Jiang, 2016. "Study on the industrial Eco-Efficiency in East China based on the Super Efficiency DEA Model: an example of the 2003–2013 panel data," Applied Economics, Taylor & Francis Journals, vol. 48(59), pages 5779-5785, December.
    9. Arno J. Van der Vlist & Marien H. Vrolijk & Geert P.M.R. Dewulf, 2014. "On information and communication technology and production cost in construction industry: evidence from the Netherlands," Construction Management and Economics, Taylor & Francis Journals, vol. 32(6), pages 641-651, June.
    10. Otto Raspe & Frank Van Oort, 2006. "The Knowledge Economy and Urban Economic Growth," European Planning Studies, Taylor & Francis Journals, vol. 14(9), pages 1209-1234, May.
    11. Pablo Burillo & Ángel Barajas & Leonor Gallardo & Marta García-Tascón, 2010. "The Influence of Economic Factors in Urban Sports Facility Planning: A Study on Spanish Regions," European Planning Studies, Taylor & Francis Journals, vol. 19(10), pages 1755-1773, July.
    12. Akeem A. Tijani & Olumemino Oluwasola & Olayinka I. Baruwa, 2015. "Public sector expenditure in agriculture and economic growth in Nigeria: An empirical investigation," Agrekon, Taylor & Francis Journals, vol. 54(2), pages 76-92, June.
    13. Ayoub Yousefi, 2011. "The impact of information and communication technology on economic growth: evidence from developed and developing countries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(6), pages 581-596, November.
    14. Jorah Ramlan & Elsadig Musa Ahmed, 2009. "Information and Communication Technology (ICT) and human capital management trend in Malaysia's economic development," Applied Economics Letters, Taylor & Francis Journals, vol. 16(18), pages 1881-1886.
    15. Dillip Kumar Das, 2019. "Exploring Perspectives of the Information Technology Industry in a South African City," Sustainability, MDPI, vol. 11(22), pages 1-34, November.
    16. Hanno Dihle & Rafael Mentges, 2018. "Real options or disaster risk? Distinguishing uncertainty effects on investment," Applied Economics, Taylor & Francis Journals, vol. 50(34-35), pages 3771-3786, July.
    17. Naijing Huang & Naixin Huang & Yicheng Wang, 2020. "US economic policy uncertainty on Chinese economy: industry level analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 27(10), pages 789-802, June.
    18. Narcyz Roztocki & Piotr Soja & Heinz Roland Weistroffer, 2019. "The role of information and communication technologies in socioeconomic development: towards a multi-dimensional framework," Information Technology for Development, Taylor & Francis Journals, vol. 25(2), pages 171-183, April.
    19. Robert Huggins & Piers Thompson, 2020. "Culture and Place-Based Development: A Socio-Economic Analysis," Regional Studies, Taylor & Francis Journals, vol. 49(1), pages 130-159, July.
    20. Hsien-Yi Chen & Shu-Ling Yang, 2018. "Contagion effects of sovereign credit rating revisions on the real economy: is it trade or finance?," Applied Economics, Taylor & Francis Journals, vol. 50(52), pages 5604-5619, November.
    21. Abdou-Aziz Niang & Abdoulaye Diagne & Marie-Claude Pichery, 2011. "Exploring the finance-real economy link in U.S.: empirical evidence from panel unit root and cointegration analysis," Empirical Economics, Springer, vol. 40(1), pages 253-268, February.
    22. Rodrigo Fernandes Malaquias & Fernanda Francielle de Oliveira Malaquias & Yujong Hwang, 2017. "The role of information and communication technology for development in Brazil," Information Technology for Development, Taylor & Francis Journals, vol. 23(1), pages 179-193, January.
    23. Rahman, Md. Saifur & Shahari, Farihana, 2017. "The nexus between financial integration and real economy: Solow-growth model concept," Research in International Business and Finance, Elsevier, vol. 42(C), pages 1244-1253.
    24. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "Multilateral Comparisons of Output, Input, and Productivity Using Superlative Index Numbers," Economic Journal, Royal Economic Society, vol. 92(365), pages 73-86, March.
    25. Jorgenson, Dale W. & Ho, Mun S. & Samuels, Jon D., 2016. "The impact of information technology on postwar US economic growth," Telecommunications Policy, Elsevier, vol. 40(5), pages 398-411.
    26. Xiaolin Lu & Kun Guo & Zhi Dong & Xuan Wang, 2017. "Financial development and relationship evolvement among money supply, economic growth and inflation: a comparative study from the U.S. and China," Applied Economics, Taylor & Francis Journals, vol. 49(10), pages 1032-1045, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Long Cheng & Shiyuan Zhang & Xuming Lou & Yang Yang & Weifeng Jia, 2021. "The Penetration of New Generation Information Technology and Sustainable Development of Regional Economy in China—Moderation Effect of Institutional Environment," Sustainability, MDPI, vol. 13(3), pages 1-22, January.
    2. Shaolong Zeng & Xianfan Shu & Wenxian Ye, 2022. "Total Factor Productivity and High-Quality Economic Development: A Theoretical and Empirical Analysis of the Yangtze River Economic Belt, China," IJERPH, MDPI, vol. 19(5), pages 1-17, February.
    3. Yuqing Geng & Mukasar Maimaituerxun & Han Zhang, 2022. "Coordinated interactions between economy and atmospheric environment: temporal–spatial comparisons from China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(12), pages 13887-13916, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mugabe Roger & Liu Shulin & Brima Sesay, 2022. "ICT Development, Innovation Diffusion and Sustainable Growth in Sub-Saharan Africa," SAGE Open, , vol. 12(4), pages 21582440221, October.
    2. Edvardsen, Dag Fjeld & Forsund, Finn R., 2003. "International benchmarking of electricity distribution utilities," Resource and Energy Economics, Elsevier, vol. 25(4), pages 353-371, October.
    3. Wu, Yunna & Ke, Yiming & Zhang, Ting & Liu, Fangtong & Wang, Jing, 2018. "Performance efficiency assessment of photovoltaic poverty alleviation projects in China: A three-phase data envelopment analysis model," Energy, Elsevier, vol. 159(C), pages 599-610.
    4. Sueyoshi, Toshiyuki, 1999. "DEA non-parametric ranking test and index measurement: slack-adjusted DEA and an application to Japanese agriculture cooperatives," Omega, Elsevier, vol. 27(3), pages 315-326, June.
    5. Pei-Pei Jiang & Yuan Wang & Jin Luo & Lin Zhu & Rui Shi & Song Hu & Xiaodong Zhu, 2023. "Measuring static and dynamic industrial eco-efficiency in China based on the MinDS–Malmquist–Luenberger model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(6), pages 5241-5261, June.
    6. Sylvain Cibangu, 2022. "Posters and Development: A Case Study of Cell Phone Posters in the Rural Congo," Journal of Social and Development Sciences, AMH International, vol. 12(4), pages 16-38.
    7. Chen, Yi & Long, Xingle & Salman, Muhammad, 2021. "Did the 2014 Nanjing Youth Olympic Games enhance environmental efficiency? New evidence from a quasi-natural experiment," Energy Policy, Elsevier, vol. 159(C).
    8. Kao, Chiang & Liu, Shiang-Tai, 2016. "A parallel production frontiers approach for intertemporal efficiency analysis: The case of Taiwanese commercial banks," European Journal of Operational Research, Elsevier, vol. 255(2), pages 411-421.
    9. Mai, Nhat Chi, 2015. "Efficiency of the banking system in Vietnam under financial liberalization," OSF Preprints qsf6d, Center for Open Science.
    10. Marcel Clermont, 2016. "Effectiveness and efficiency of research in Germany over time: an analysis of German business schools between 2001 and 2009," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(3), pages 1347-1381, September.
    11. Chiang Kao & Shiang-Tai Liu & Hwei-Lan Pao, 2012. "Assessing improvement in management research in Taiwan," Scientometrics, Springer;Akadémiai Kiadó, vol. 92(1), pages 75-87, July.
    12. Mushtaq Taleb & Ruzelan Khalid & Ali Emrouznejad & Razamin Ramli, 2023. "Environmental efficiency under weak disposability: an improved super efficiency data envelopment analysis model with application for assessment of port operations considering NetZero," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(7), pages 6627-6656, July.
    13. Iwona Bak & Emilia Barej-Kaczmarek & Piotr Sulikowski, 2022. "Impact of Information and Communication Technologies on the Tourism Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 595-606.
    14. Xuanzhi Yang & Zhaofang Zhang & Wei Luo & Zhen Tang & Xin Gao & Zhongchi Wan & Xin Zhang, 2019. "The Impact of Government Role on High-Quality Innovation Development in Mainland China," Sustainability, MDPI, vol. 11(20), pages 1-19, October.
    15. Qi, Xiaoyan & Guo, Pibin & Guo, Yanshan & Liu, Xiuli & Zhou, Xijun, 2020. "Understanding energy efficiency and its drivers: An empirical analysis of China’s 14 coal intensive industries," Energy, Elsevier, vol. 190(C).
    16. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2017. "Empirical Study towards the Drivers of Sustainable Economic Growth in EU-28 Countries," Sustainability, MDPI, vol. 10(1), pages 1-22, December.
    17. Barnett, William A. & Erwin Diewert, W. & Zellner, Arnold, 2011. "Introduction to measurement with theory," Journal of Econometrics, Elsevier, vol. 161(1), pages 1-5, March.
    18. Jean C. Kouam & Simplice Asongu, 2022. "The non-linear effects of fixed broadband on economic growth in Africa," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 50(5), pages 881-895, August.
    19. Azarnoosh Kafi & Behrouz Daneshian & Mohsen Rostamy-Malkhalifeh, 2021. "Forecasting the confidence interval of efficiency in fuzzy DEA," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 31(1), pages 41-59.
    20. Ruiqing Yuan & Xiangyang Xu & Yanli Wang & Jiayi Lu & Ying Long, 2024. "Evaluating Carbon-Emission Efficiency in China’s Construction Industry: An SBM-Model Analysis of Interprovincial Building Heating," Sustainability, MDPI, vol. 16(6), pages 1-16, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:17:p:6773-:d:401894. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.