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Crossing Boundaries: How the Digital Economy Is Reshaping the Innovation Path of the Real Economy —— A Literature Review

In: Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)

Author

Listed:
  • Yawei Xue

    (Qingdao University of Technology, The School of Management Engineering)

  • Yuchen Lu

    (Qingdao University of Technology, The School of Management Engineering)

  • Chunqian Zu

    (Qingdao University of Technology, The School of Management Engineering)

Abstract

A purpose of this paper is to explore the enabling role of the digital economy on the development of the real economy, and systematically sort out the conceptual definition of the digital economy, the measurement method and its impact mechanism on the real economy through the literature review method. It is found that the digital economy, as an emerging economic form, significantly promotes the innovation ability of enterprises by improving the supply and use efficiency of R&D funds. In addition, the digital economy also has a profound impact on the real economy by optimizing resource allocation and reshaping traditional industries. The article further analyzes the current situation of the integration of the digital economy and the real economy, pointing out that the integration of the two not only promotes the digital transformation of industries, but also provides impetus for the construction of a new development pattern.

Suggested Citation

  • Yawei Xue & Yuchen Lu & Chunqian Zu, 2024. "Crossing Boundaries: How the Digital Economy Is Reshaping the Innovation Path of the Real Economy —— A Literature Review," Advances in Economics, Business and Management Research, in: Qiujing Wu & Songsong Liu & Guoliang Wang & Jia Li (ed.), Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), pages 643-653, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-598-0_70
    DOI: 10.2991/978-94-6463-598-0_70
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