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Data factor marketization and regional innovation: Evidence from the establishment of data trading platforms in China

Author

Listed:
  • Ouyang, Yingying
  • Hu, Mingzheng

Abstract

As data becomes an institutionalized production factor, data factor marketization may fundamentally reshape regional innovation systems. This study investigates whether and how data factor marketization influences regional innovation performance from an institutional perspective. Using provincial panel data from 2000 to 2023 and exploiting a staggered difference-in-differences (DID) design, this study identifies the impact of institutionalized data exchange on regional innovation. The results indicate that data factor marketization significantly promotes regional innovation performance. Mechanism analysis shows that the effect operates by accelerating technological iteration and strengthening the transformation of research achievements, thereby enhancing knowledge renewal and commercialization efficiency. Heterogeneity analysis further reveals that the innovation-enhancing effects are stronger in regions with higher economic development, higher levels of marketization, greater R&D input, and higher baseline innovation capacity, and are more pronounced in the eastern and southern regions. These findings suggest that data factor marketization complements existing innovation systems, but its impact depends on whether regions have sufficient institutional capacity to convert digital market reforms into tangible innovation outcomes.

Suggested Citation

  • Ouyang, Yingying & Hu, Mingzheng, 2026. "Data factor marketization and regional innovation: Evidence from the establishment of data trading platforms in China," Technology in Society, Elsevier, vol. 87(C).
    • Handle: RePEc:eee:teinso:v:87:y:2026:i:c:s0160791x26001600
    DOI: 10.1016/j.techsoc.2026.103371
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    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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