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The Impact of Fiscal Science and Technology Expenditure on Digital Economy: A New Path to Economic Recovery in The Post-Pandemic Era

Author

Listed:
  • Yang Xu

    (Xinjiang University, China)

  • Xiaodong Yang

    (Xinjiang University, China)

  • Qiying Ran

    (Xinjiang University, China)

Abstract

In this study, a multi-dimensional digital economy evaluation index system is constructed to explore the impact of fiscal Science and Technology (S&T) expenditure on digital economy development in China. We reveal the following findings. First, we note that the China’s digital economy level as a whole is rising each year, which is less affected by the COVID-19 pandemic. Second, we document that S&T expenditures positively stimulate digital economy development. Finally, we find that the promotion effect of S&T expenditure on the digital economy is statistically significant, and this promotion effect decreases from the southwest to the northeast due to the COVID-19 pandemic.

Suggested Citation

  • Yang Xu & Xiaodong Yang & Qiying Ran, 2024. "The Impact of Fiscal Science and Technology Expenditure on Digital Economy: A New Path to Economic Recovery in The Post-Pandemic Era," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 27(1), pages 83-98, March.
    • Handle: RePEc:idn:journl:v:27:y:2024:i:1c:p:83-98
    DOI: https://doi.org/10.59091/2460-9196.2230
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    More about this item

    Keywords

    COVID-19; Fiscal science and technology expenditure; Digital economy; Economic recovery;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • G2 - Financial Economics - - Financial Institutions and Services

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