IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v17y2025i8p3384-d1632097.html

An Analysis of the Spatial–Temporal Evolution and Influencing Factors of the Coupling Coordination Degree Between the Digital and Real Economies in China

Author

Listed:
  • Xiaoya Li

    (Business School, Hohai University, Nanjing 211100, China)

  • Min Zhao

    (Business School, Hohai University, Nanjing 211100, China)

  • Guang Yang

    (School of Water Conservancy, North China University of Water Resources and Electric Power, Zhengzhou 450045, China)

  • Xue Xu

    (Business School, Hohai University, Nanjing 211100, China)

  • Pengfei Fan

    (Jiangsu Agricultural Reclamation and Development Corporation, Nanjing 210019, China)

Abstract

The digital economy (DE) and real economy (RE) are dual pillars of the modern economic system. The deep integration of the digital economy and real economy (IDR) has emerged as a pivotal strategic trend. IDR not only can enhance international competitiveness but also contributes to sustainable development goals. This work collects DE and RE data from 30 provinces in China between 2012 and 2022. The entropy weight method and the coupling coordination degree (CCD) model are employed to measure the level of IDR. Furthermore, the Dagum Gini coefficient, Kernel density estimation, the spatial autocorrelation model, and the geographically and temporally weighted regression (GTWR) model are utilized to analyze the spatial–temporal evolution and influencing factors of CCD. The following conclusions are drawn: (1) During the study period, CCD shows an upward trend, but the value is relatively low. (2) There are significant spatial differences in CCD, and the inter-regional difference is the primary cause. (3) The regional differences in CCD are continuously widening. (4) CCD shows an obvious global spatial agglomeration feature, and the spatial agglomeration degree of CCD has been enhanced from 2012 to 2022. (5) The policy intensity, digital infrastructure, industrial structure, human capital, technological innovation, and market environment have significant impacts on CCD. The obtained findings provide important theoretical support for the coordinated development of DE and RE.

Suggested Citation

  • Xiaoya Li & Min Zhao & Guang Yang & Xue Xu & Pengfei Fan, 2025. "An Analysis of the Spatial–Temporal Evolution and Influencing Factors of the Coupling Coordination Degree Between the Digital and Real Economies in China," Sustainability, MDPI, vol. 17(8), pages 1-27, April.
  • Handle: RePEc:gam:jsusta:v:17:y:2025:i:8:p:3384-:d:1632097
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/17/8/3384/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/17/8/3384/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sun, Guanglin & Yin, Ding & Kong, Tao & Yin, Lei, 2024. "The impact of the integration of the digital economy and the real economy on the risk of stock price collapse," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    2. Sun, Guanglin & Fang, Jiming & Li, Jinning & Wang, Xiaolin, 2024. "Research on the impact of the integration of digital economy and real economy on enterprise green innovation," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    3. Xin, Yongrong & Song, Hang & Shen, Zhiyang & Wang, Jiangquan, 2023. "Measurement of the integration level between the digital economy and industry and its impact on energy consumption," Energy Economics, Elsevier, vol. 126(C).
    4. Anselin, Luc & Getis, Arthur, 1992. "Spatial Statistical Analysis and Geographic Information Systems," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 26(1), pages 19-33, April.
    5. Jiang, Qian & Zhang, Chaoshuai & Wei, Qianqing, 2025. "Digital technology adoption and enterprise investment efficiency," Finance Research Letters, Elsevier, vol. 72(C).
    6. Wang, Yafei & Shi, Ming & Liu, Junnan & Zhong, Min & Ran, Rong, 2025. "The impact of digital-real integration on energy productivity under a multi-governance framework: The mediating role of AI and embodied technological progress," Energy Economics, Elsevier, vol. 142(C).
    7. Dagum, Camilo, 1997. "A New Approach to the Decomposition of the Gini Income Inequality Ratio," Empirical Economics, Springer, vol. 22(4), pages 515-531.
    8. Liu, Baoliu & Huang, Yujie & Chen, Mengmei & Lan, Zirui, 2024. "Towards sustainability: How does the digital-real integration affect regional green development efficiency?," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 42-59.
    9. Cheng, Yiran & Zhou, Xiaorui & Li, Yongjian, 2023. "The effect of digital transformation on real economy enterprises’ total factor productivity," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 488-501.
    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. An, Qiguang & Wang, Yongkai & Liu, Feini & Wang, Ruoyu, 2025. "Does the integration of digital and real economies enhance corporate supply chain resilience? Evidence from China’s listed firms," Finance Research Letters, Elsevier, vol. 85(PA).
    2. Xu, Zhenhua & Xu, Wenhao & Xin, Daleng, 2025. "Digital–real economy integration and urban low-carbon development in China," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 606-621.
    3. Yin, Lei & Sun, Guanglin & Kong, Tao, 2025. "Regional big data development and corporate financial fraud," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    4. Zhao, Fan & Li, Ruirui & Wu, Ziyin & Ru, Xue, 2025. "Can the integration of digital and real economies stimulate residents' consumption?," International Review of Financial Analysis, Elsevier, vol. 103(C).
    5. Zhong, Kaijun & Lei, Yalin & Zhao, Jun & Jiang, Yong, 2025. "How to enhance China's total-factor energy efficiency via digital-real economy integration: New evidence from dynamic QCA analysis," Energy Economics, Elsevier, vol. 148(C).
    6. Kang, Shikang & Shang, Yu, 2026. "How does digital-real integration ignite urban entrepreneurship: Unpacking innovation's complex mediation role," Technology in Society, Elsevier, vol. 84(C).
    7. Liu, Baoliu & Huang, Yujie & Chen, Mengmei & Lan, Zirui, 2024. "Towards sustainability: How does the digital-real integration affect regional green development efficiency?," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 42-59.
    8. Sun, Guanglin & Yin, Ding & Kong, Tao & Yin, Lei, 2024. "The impact of the integration of the digital economy and the real economy on the risk of stock price collapse," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    9. Xu, Zhen, 2025. "The new driving force for improving tourism resource allocation efficiency: The mechanism of digital finance," Finance Research Letters, Elsevier, vol. 85(PC).
    10. Ge, Shilong & Luo, Xiaodan & Li, Yuangang & Zheng, Lanxing, 2024. "The impact of green credit policy on total factor productivity of enterprises," International Review of Economics & Finance, Elsevier, vol. 95(C).
    11. Shaoshuai Duan & Fang Yin, 2025. "Interaction Mechanism and Coupling Strategy of Higher Education and Innovation Capability in China Based on Interprovincial Panel Data from 2010 to 2022," Sustainability, MDPI, vol. 17(15), pages 1-30, July.
    12. 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).
    13. Sun, Guanglin & Wang, Jiawei & Ai, Yongfang, 2024. "The impact of government green subsidies on stock price crash risk," Energy Economics, Elsevier, vol. 134(C).
    14. Qian, Yifan, 2025. "Public data openness and corporate total factor productivity," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 733-753.
    15. Song, Tao & Tian, Mohan & Li, Dongwei, 2025. "The development of digital finance, equity pledge behavior, and the quality of information disclosure," Finance Research Letters, Elsevier, vol. 86(PA).
    16. Xianmin Li & Shixiang Li & Qiaosheng Wu & Jinhua Cheng, 2025. "Influence Mechanism of Digital Economy on Urban Green Development Efficiency: A Perspective on New Quality Productive Forces," Sustainability, MDPI, vol. 17(10), pages 1-21, May.
    17. Tang, Li & Zhang, Teng & Wang, Jinglang & Liu, Baoliu & Huang, Yujie, 2025. "“Dual synergistic” transformation and corporate total factor productivity: Empirical evidence from China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 717-732.
    18. Yang, Yuzhen & Tang, Mingfu, 2025. "Analysis of the impact mechanisms of the digital economy and executive risk preference on the intelligent transformation of enterprises," International Review of Economics & Finance, Elsevier, vol. 102(C).
    19. Ding, Song & Wei, Siyue & Zhang, Huahan & Hu, Jiaqi, 2025. "Promotion or inhibition? Unveiling the heterogeneous effects and mechanism of the digital economy on carbon emission efficiency," Energy Economics, Elsevier, vol. 149(C).
    20. Li, Yiping & Zheng, Lanxing & Xie, Chang & Fang, Jiming, 2024. "Big data development and enterprise ESG performance: Empirical evidence from China," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 742-755.

    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:2025:i:8:p:3384-:d:1632097. 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.