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Examining the impact of global uncertainty shocks on the digital economy's role in China's energy transition and green economic recovery

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  • Xiaojing Xu

    (Chongqing Technology and Business University)

Abstract

A key force behind promoting green economic recovery is the digital economy. Examining how the digital economy supports societal development, technological advancement, and environmental improvement is worthwhile. This study examines the correlation between the growth of the digital economy, the modernization of the economic framework, and green total factor productivity (GTFP) using data from 276 Chinese cities from 2012 to 2018. To achieve this, the study utilizes Tobit regression and quantile regression models. Efficiency index approaches are used in the empirical examination for calculating green total factor productivity (GTFP). Although there are apparent regional variances, China's GDP might grow significantly due to the digital economy. The gross domestic product of the city's digital industry is larger than the higher GTFP, which accounts for its growth. On a more comprehensive and dynamic level, the electronic economy has favorably impacted China's GDP share percentage. A medium-range distribution system for the digital economy that supports GTFP is modernizing industrial infrastructure. This essay promotes green economic recovery and environmental conservation.

Suggested Citation

  • Xiaojing Xu, 2024. "Examining the impact of global uncertainty shocks on the digital economy's role in China's energy transition and green economic recovery," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-25, April.
    • Handle: RePEc:kap:ecopln:v:57:y:2024:i:2:d:10.1007_s10644-024-09653-6
    DOI: 10.1007/s10644-024-09653-6
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    References listed on IDEAS

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