IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v17y2024i1p2-d1551050.html
   My bibliography  Save this article

The Influence of the Digital Economy on the Foreign Trade Competitiveness of Hunan Province in China

Author

Listed:
  • Minglan Yuan

    (School of Business and Law, Sanjiang University, Nanjing 210012, China)

  • Hui Zhong

    (School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China)

  • Zhijie Hao

    (Business School, Jiangsu Open University, Nanjing 210036, China)

  • Decai Tang

    (School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China)

  • Eugene Ray Atsi

    (School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing 210044, China)

Abstract

With the evolution of the Internet, artificial intelligence, and other technologies, the era of the digital economy has quietly emerged. The digital economy’s growth is a major trend, and China is dedicated to building data power and strengthening foreign trade competitiveness (FTC). As an essential strategic region, Hunan Province should grasp the opportunities of the digital economy and constantly develop and increase its competitiveness. This research will explore the effect of Digital economy (DIG) on the FTC of Hunan Province. The study collected data from the region from 2013 to 2022 and Stata 17 software was applied to obtain the research outcomes. The findings indicate that DIG can significantly enhance the development of FTC in Hunan Province. This result remains consistent even after conducting robustness tests, showing its reliability. Furthermore, the positive impact is even more pronounced in urban agglomerations of major cities and larger areas. The paper’s main innovation lies in its focus on the Hunan Province region, which holds significant regional importance and plays a key role in enhancing China’s FTC.

Suggested Citation

  • Minglan Yuan & Hui Zhong & Zhijie Hao & Decai Tang & Eugene Ray Atsi, 2024. "The Influence of the Digital Economy on the Foreign Trade Competitiveness of Hunan Province in China," Sustainability, MDPI, vol. 17(1), pages 1-15, December.
    • Handle: RePEc:gam:jsusta:v:17:y:2024:i:1:p:2-:d:1551050
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/17/1/2/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/17/1/2/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Elhanan Helpman & Marc J. Melitz & Stephen R. Yeaple, 2004. "Export Versus FDI with Heterogeneous Firms," American Economic Review, American Economic Association, vol. 94(1), pages 300-316, March.
    2. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 190-207.
    3. Wenqi Li & Qi Li & Ming Chen & Yutong Su & Jianhua Zhu, 2023. "Global Value Chains, Digital Economy, and Upgrading of China’s Manufacturing Industry," Sustainability, MDPI, vol. 15(10), pages 1-25, May.
    4. Xiaoying Xu & Jiang Du & Xinshu Gong, 2023. "The Impact of Digital Economy on Innovation Efficiency of New Energy Enterprises: Evidence from the Perspective of Innovation Value Chain," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 59(11), pages 3402-3421, September.
    5. Cortada, James W., 2004. "The Digital Hand: How Computers Changed the Work of American Manufacturing, Transportation, and Retail Industries," OUP Catalogue, Oxford University Press, number 9780195165883.
    6. Ning Hui & Qian Yu & Yu Gu, 2023. "Does the Digital Economy Improve the Innovation Efficiency of the Manufacturing Industry? Evidence in Provincial Data from China," Sustainability, MDPI, vol. 15(13), pages 1-17, July.
    7. Marc J. Melitz, 2003. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, Econometric Society, vol. 71(6), pages 1695-1725, November.
    8. Anastasios I. Magoutas & Maria Chaideftou & Dimitra Skandali & Panos T. Chountalas, 2024. "Digital Progression and Economic Growth: Analyzing the Impact of ICT Advancements on the GDP of European Union Countries," Economies, MDPI, vol. 12(3), pages 1-17, March.
    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. Yuhan Pan & Eugene Ray Atsi & Decai Tang & Dongmei He & Mary Donkor, 2025. "The Synergistic Effect of Foreign Direct Investment and Renewable Energy Consumption on Environmental Pollution Mitigation: Evidence from Developing Countries," Sustainability, MDPI, vol. 17(10), pages 1-29, May.

    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. Anne‐Célia Disdier & Carl Gaigné & Cristina Herghelegiu, 2023. "Do standards improve the quality of traded products?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(4), pages 1238-1290, November.
    2. Wendkouni Jean‐Baptiste Zongo & Bruno Larue & Carl Gaigné, 2023. "On export duration puzzles," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(2), pages 453-478, March.
    3. Shao, Yanmin & Shang, Yan, 2016. "Decisions of OFDI Engagement and Location for Heterogeneous Multinational firms: Evidence from Chinese firms," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 178-187.
    4. Mohamed Ayadi & Wided Mattoussi, 2014. "From Productivity to Exporting or Vice Versa?: Evidence from the Tunisian Manufacturing Sector," WIDER Working Paper Series wp-2014-098, World Institute for Development Economic Research (UNU-WIDER).
    5. R Harris & Q Li, "undated". "Exporting, R&D and Absorptive Capacity in UK Establishments: Evidence from the 2001 Community Innovation Survey," Working Papers 2006_19, Business School - Economics, University of Glasgow.
    6. María C. Latorre, 2009. "The economic analysis of multinationals and foreign direct investment: a review," Hacienda Pública Española / Review of Public Economics, IEF, vol. 191(4), pages 97-126, December.
    7. Love, James H. & Mansury, Mica Ariana, 2009. "Exporting and productivity in business services: Evidence from the United States," International Business Review, Elsevier, vol. 18(6), pages 630-642, December.
    8. Francisco J. Santos-Arteaga & Celia Torrecillas & Madjid Tavana, 2019. "Dynamic effects of learning on the innovative outputs and productivity in Spanish multinational enterprises," The Journal of Technology Transfer, Springer, vol. 44(1), pages 97-131, February.
    9. Chang, Pao-Li & Lu, Chia-Hui, 2012. "Risk and the technology content of FDI: A dynamic model," Journal of International Economics, Elsevier, vol. 86(2), pages 306-317.
    10. Elhanan Helpman, 2006. "Trade, FDI, and the Organization of Firms," Journal of Economic Literature, American Economic Association, vol. 44(3), pages 589-630, September.
    11. Hansen, Jørgen Drud & Kvedaras, Virmantas & Nielsen, Jørgen Ulff-Møller, 2008. "Monopolistic Competition, International Trade and Firm Heterogeneity - a Life Cycle Perspective," Working Papers 08-7, University of Aarhus, Aarhus School of Business, Department of Economics.
    12. Tomohiro Ara, 2014. "Global Sourcing in Industry Equilibrium," The Japanese Economic Review, Japanese Economic Association, vol. 65(1), pages 93-115, March.
    13. Deng, Ziliang & Guo, Honglin & Zhang, Weifu & Wang, Chengqi, 2014. "Innovation and survival of exporters: A contingency perspective," International Business Review, Elsevier, vol. 23(2), pages 396-406.
    14. De Masi, G. & Giovannetti, G. & Ricchiuti, G., 2013. "Network analysis to detect common strategies in Italian foreign direct investment," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(5), pages 1202-1214.
    15. Alexandre Janiak & Paulo Santos Monteiro, 2011. "Inflation and Welfare in Long‐Run Equilibrium with Firm Dynamics," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(5), pages 795-834, August.
    16. Yuko Imura, 2023. "Reassessing Trade Barriers with Global Production Networks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 77-116, December.
    17. Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2018. "Global Firms," Journal of Economic Literature, American Economic Association, vol. 56(2), pages 565-619, June.
    18. Catherine Fuss & Angelos Theodorakopoulos, 2018. "Compositional Changes in Aggregate Productivity in an Era of Globalisation and Financial Crisis," Working Papers of VIVES - Research Centre for Regional Economics 627696, KU Leuven, Faculty of Economics and Business (FEB), VIVES - Research Centre for Regional Economics.
    19. Richard Harris & John Moffat, 2011. "R&D, Innovation and Exporting," SERC Discussion Papers 0073, Centre for Economic Performance, LSE.
    20. Pamela Bombarda, 2016. "Firm heterogeneity and the localization of economic activities," Papers in Regional Science, Wiley Blackwell, vol. 95, pages 1-26, March.

    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:gam:jsusta:v:17:y:2024:i:1:p:2-:d:1551050. 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.