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The Digital Economy Drives the Improvement of Regional Innovation Capacity

In: Proceedings of the 4th International Conference on Economic Development and Business Culture (ICEDBC 2024)

Author

Listed:
  • Xiaoli Qi

    (Hebei University of Technology, School of Economics and Management)

  • Chen Yang

    (Hebei University of Technology, School of Economics and Management)

Abstract

Innovation is the core driving force for high-quality economic development. In the new era, it is necessary to seize development opportunities, continuously improve regional innovation capabilities, and promote development through innovation. At present, the rapid development of digital economy in various regions is affecting regional innovation capacity in many ways, and is expected to improve the quality and efficiency of regional innovation and development. Taking 30 provinces, autonomous regions and municipalities in China from 2011 to 2020 as research samples, this paper uses coupling coordination degree model to measure the digital economy level at the provincial level, and empirically tests the mechanism of digital economy driving the improvement of regional innovation ability. The results show that digital economy can significantly promote regional innovation ability. Moreover, the digital economy promotes regional innovation capacity through knowledge flow. Further research shows that digital economy can produce positive spatial spillover effect, and the innovation effect of provinces with high level of digital economy is stronger. Therefore, the digital economy will not only enhance its own regional innovation capacity, but also promote the innovation capacity of the surrounding region.

Suggested Citation

  • Xiaoli Qi & Chen Yang, 2024. "The Digital Economy Drives the Improvement of Regional Innovation Capacity," Advances in Economics, Business and Management Research, in: Zhikai Wang & Guijie Zhang & R. Ganesan & Abdul Hadi Zulkafli & Teh Sin Yin (ed.), Proceedings of the 4th International Conference on Economic Development and Business Culture (ICEDBC 2024), pages 177-191, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-538-6_22
    DOI: 10.2991/978-94-6463-538-6_22
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