IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v86y2025ipds1544612325019117.html

Impact of digital transformation on high-quality economic development: The mediating role of human capital investment

Author

Listed:
  • Liu, Jianfeng
  • Xian, Xiang

Abstract

This study delves into the intrinsic relationships between digital transformation, human capital investment, and high-quality economic development. The findings reveal that both digital transformation and human capital investment significantly promote high-quality economic development; digital transformation drives high-quality economic development by fostering human capital investment. Further research indicates that the positive effect of digital transformation on high-quality economic development is more pronounced in regions with stronger innovation capacity, suggesting that an innovative environment can enhance the economic empowerment of digital technologies.

Suggested Citation

  • Liu, Jianfeng & Xian, Xiang, 2025. "Impact of digital transformation on high-quality economic development: The mediating role of human capital investment," Finance Research Letters, Elsevier, vol. 86(PD).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pd:s1544612325019117
    DOI: 10.1016/j.frl.2025.108657
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325019117
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.108657?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Daron Acemoglu & Ali Makhdoumi & Azarakhsh Malekian & Asu Ozdaglar, 2022. "Too Much Data: Prices and Inefficiencies in Data Markets," American Economic Journal: Microeconomics, American Economic Association, vol. 14(4), pages 218-256, November.
    2. Tang, Youbiao & Sun, Jingwei & Liu, Xiaofeng & Hu, Yikai, 2025. "Digital transformation, innovation and total factor productivity in manufacturing enterprises," Finance Research Letters, Elsevier, vol. 80(C).
    3. Yanpeng Chen & Tajul Ariffin Masron & Ruixi Yuan, 2025. "Impact of enterprise digital transformation on high-quality economic development in China," Applied Economics Letters, Taylor & Francis Journals, vol. 32(3), pages 441-444, February.
    4. Wang, Wei & Cao, QiangYuan & Li, Zhouyang & Zhu, JinYing, 2025. "Digital transformation and corporate environmental performance," Finance Research Letters, Elsevier, vol. 76(C).
    5. Ma, Lianfeng & Gan, Yufei & Huang, Ping, 2025. "Higher education investment, human capital, and high-quality economic development," Finance Research Letters, Elsevier, vol. 71(C).
    6. Lingming Chen & Congjia Huo, 2022. "The Measurement and Influencing Factors of High-Quality Economic Development in China," Sustainability, MDPI, vol. 14(15), pages 1-24, July.
    Full references (including those not matched with items on IDEAS)

    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. Zhang, Xiaoqi & He, Yu, 2025. "Impact of national industrial transfer demonstration zones policy on high-quality economic development in China," Economic Analysis and Policy, Elsevier, vol. 87(C), pages 1179-1197.
    2. Weilong Wang & Deheng Xiao, 2025. "Marketization of Data Elements and Enterprise Green Governance Performance: A Quasi‐Natural Experiment Based on Data Trading Platforms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(3), pages 1686-1700, April.
    3. Feng, Xinzhen & Zhou, Dequn & Hussain, Tufail, 2024. "An investigation of fintech governance, natural resources and government stability on sustainability: Policy suggestions under the SDGs theme," Resources Policy, Elsevier, vol. 96(C).
    4. Maximilian Schaefer, 2025. "When Should we Expect Non-Decreasing Returns from Data in Prediction Tasks?," Papers 2503.03602, arXiv.org.
    5. Alireza Fallah & Michael I. Jordan & Ali Makhdoumi & Azarakhsh Malekian, 2024. "The Limits of Price Discrimination Under Privacy Constraints," Papers 2402.08223, arXiv.org, revised Jun 2024.
    6. Mert Demirer & Diego Jimenez-Hernandez & Dean Li & Sida Peng, 2024. "Data, Privacy Laws and Firm Production: Evidence from the GDPR," Working Paper Series WP 2024-02, Federal Reserve Bank of Chicago.
    7. Goonj Mohan, 2024. "Regulating a Social Media Platform in the Data Economy," UB School of Economics Working Papers 2024/477, University of Barcelona School of Economics.
    8. Bergemann, Dirk & Ottaviani, Marco, 2021. "Information Markets and Nonmarkets," CEPR Discussion Papers 16459, Centre for Economic Policy Research.
    9. Catherine E. Tucker, 2023. "The Economics of Privacy: An Agenda," NBER Chapters, in: The Economics of Privacy, pages 5-20, National Bureau of Economic Research, Inc.
    10. Lagerlöf, Johan N.M., 2023. "Surfing incognito: Welfare effects of anonymous shopping," International Journal of Industrial Organization, Elsevier, vol. 87(C).
    11. Shota Ichihashi, 2021. "Competing data intermediaries," RAND Journal of Economics, RAND Corporation, vol. 52(3), pages 515-537, September.
    12. Andrei Hagiu & Julian Wright, 2023. "Data‐enabled learning, network effects, and competitive advantage," RAND Journal of Economics, RAND Corporation, vol. 54(4), pages 638-667, December.
    13. Jiadong Gu, 2024. "Data Trade and Consumer Privacy," Papers 2406.12457, arXiv.org, revised Jan 2026.
    14. Renjin Sun & Nan Yu & Dongou Hu & Su Yang & Huihui Li, 2025. "What is the degree of high-quality development of oil–gas resource-based cities in China: based on a new total factor productivity measurement method," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(5), pages 10807-10834, May.
    15. Ratul Das Chaudhury & Chongwoo Choe, 2023. "Digital Privacy: GDPR and Its Lessons for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(2), pages 204-220, June.
    16. Huseyin Gurkan & Francis de Véricourt, 2022. "Contracting, Pricing, and Data Collection Under the AI Flywheel Effect," Management Science, INFORMS, vol. 68(12), pages 8791-8808, December.
    17. Shota Ichihashi, 2020. "Non-competing Data Intermediaries," Staff Working Papers 20-28, Bank of Canada.
    18. Strausz Roland, 2026. "Consumer Consent Regulation," German Economic Review, De Gruyter, vol. 27(1), pages 37-51.
    19. S Nageeb Ali & Greg Lewis & Shoshana Vasserman, 2023. "Voluntary Disclosure and Personalized Pricing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(2), pages 538-571.
    20. Liyang Han & Jalal Kazempour & Pierre Pinson, 2020. "Monetizing Customer Load Data for an Energy Retailer: A Cooperative Game Approach," Papers 2012.05519, arXiv.org, revised Aug 2021.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:eee:finlet:v:86:y:2025:i:pd:s1544612325019117. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    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.