Mechanisms of Digital Economy Empowering High-Quality Development in Manufacturing: A Case Study of Hebei Province, a Traditional Manufacturing Powerhouse in China
Journal Title: Journal of Organizations, Technology and Entrepreneurship - Year 2023, Vol 1, Issue 1
Abstract
The digital economy, a new economic paradigm guiding the rapid and optimal allocation of resources for high-quality economic development, has the potential to empower the high-quality advancement of the manufacturing sector. It is imperative to delve into the mechanisms underlying this empowerment. Utilizing panel data from nine cities in Hebei Province of China from 2010 to 2019, this study employs intermediary models and panel threshold models to empirically examine the mechanisms through which the digital economy enables high-quality development in Hebei's manufacturing industry across three dimensions: direct, indirect, and nonlinear. The findings are threefold: Firstly, the digital economy significantly fosters high-quality development in manufacturing. Secondly, mediation effect analyses reveal that the digital economy enhances high-quality development in manufacturing by elevating human capital levels and reducing operational costs for enterprises. Thirdly, panel threshold model analyses indicate that the efficacy of the digital economy in empowering high-quality manufacturing development varies in stages, contingent on different levels of digital infrastructure, research and development investment, and innovation. Specifically, the facilitative role of the digital economy in the high-quality development of manufacturing shows an 'increasing marginal effect' with elevated levels of research and development investment and a 'decreasing marginal effect' with the enhancement of digital infrastructure and innovation levels.
Authors and Affiliations
Jialin Xie,Yujia Yang,Junlong Chen
Keywords
Related Articles
- EP ID EP732676
- DOI https://doi.org/10.56578/jote010104
- Views 68
- Downloads 0
Measuring Inconsistencies in Research and Development Descriptions in Annual Reports of Listed Companies
The descriptions of Research and Development (R&D) activities in the annual reports of listed companies provide crucial insights into a company’s internal governance, external competitiveness, and long-term sustainabilit...
Unveiling the Mechanisms and Spatial Spillovers of Digital Finance in Enhancing Urban Green Efficiency
The rapid advancement of digital finance has emerged as a crucial driver of sustainable urban development, yet its impact on green total factor productivity (GTFP) remains underexplored. This study investigates the mecha...
A Balanced Scorecard-Driven DEA Model for Organizational Efficiency
This study introduces a novel framework that integrates the balanced scorecard (BSC) with Data Envelopment Analysis (DEA) to address the critical challenge of aligning organizational strategy with operational efficiency....
Strategies for Effective Logistics Outsourcing: A Case Study in the Serbian Market
The viability of numerous businesses in today’s competitive landscape is significantly influenced by their ability to successfully implement outsourcing strategies, particularly in the realm of logistics. Despite the ext...
A Bibliometric Analysis of Leadership Styles in Healthcare: Trends, Impact, and Research Networks
Leadership within the healthcare sector plays a pivotal role in shaping institutional performance, employee engagement, and patient satisfaction. Over time, leadership paradigms have evolved from traditional to contempor...