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The Impact of Information Consumption on Urban Entrepreneurial Activity - A Quasi-natural Experiment from the Pilot Policy of National Information Consumption City

In: Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)

Author

Listed:
  • Yiming Chi

    (Wuhan University of Technology, Institute of Economics)

  • Weiqi Ren

    (Wuhan University of Technology, Institute of Economics)

  • Zhimeng Feng

    (Wuhan University of Technology, Institute of Economics)

Abstract

China’s information consumption has become one of the consumption fields with rapid growth, active innovation and entrepreneurship, and wide coverage. Based on the panel data of 268 prefecture-level cities in China from 2010 to 2021, this paper constructs a multi-period difference-in-difference model to explore the impact of information consumption pilot policies on urban entrepreneurial activity. The results show that the pilot policy of information consumption has significantly improved the entrepreneurial activity of the city; the mechanism analysis finds that the policy pilot promotes the improvement of entrepreneurial activity by expanding the level of urban consumer demand on the demand side. Heterogeneity analysis shows that the promotion effect of information consumption pilot policy on entrepreneurial activity in eastern cities is significantly stronger than that in central and western cities. In view of this, all localities should improve the policy design of pilot policies on improving urban entrepreneurship activity; give full play to the effect of policies to promote the level of urban consumer demand, and ensure the smooth flow of the policy transmission mechanism; we will implement pilot policies in a targeted, flexible and tailored manner, maximize the entrepreneurial effect of information consumption, and cultivate a new soil for entrepreneurship.

Suggested Citation

  • Yiming Chi & Weiqi Ren & Zhimeng Feng, 2024. "The Impact of Information Consumption on Urban Entrepreneurial Activity - A Quasi-natural Experiment from the Pilot Policy of National Information Consumption City," Advances in Economics, Business and Management Research, in: Junfeng Liao & Hongbo Li & Edward H. K. Ng (ed.), Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), pages 279-291, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-488-4_31
    DOI: 10.2991/978-94-6463-488-4_31
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