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Academic Journal of Business & Management, 2024, 6(1); doi: 10.25236/AJBM.2024.060102.

Research on the Impact of Digital Economy Development Level of Host Countries on China’s Trade: An Empirical Research Based on RCEP Countries

Author(s)

Qianqing Wei, Min Liu

Corresponding Author:
Min Liu
Affiliation(s)

School of Economics, China-ASEAN Institute of Financial Cooperation, Guangxi University, Nanning, Guangxi, 530004, China

Abstract

Digital economy is becoming a key factor in the reorganization of global important factor resources, the reshaping of economic structure and the change of global competition pattern. With the advent of the era of digital economy, the digital economic cooperation of RCEP countries is getting closer and closer, and the trade cooperation with China is getting closer and closer. Using the data from 2007 to 2021, this study uses panel data model to study the impact of digital economy of other RCEPs on China’s trade. The empirical results show that the development level of digital economy in other RCEP countries can promote the development of China’s trade with them, which has a significant role in promoting China’s total trade, export and import. After multiple robustness tests, this conclusion is still significant. Finally, the heterogeneity test shows that the digital economy development level of middle and high incoming countries has a stronger impact on China’s trade activities. Therefore, this paper proposes that in order to promote digital economy cooperation and trade among RCEP countries, each member country needs to strengthen the efficiency of digital infrastructure, and at the same time, strengthen the integration of digital economy and real economy. In addition, the member states should promote the coordinated development of innovation and enhance the degree of trade facilitation and cooperation.

Keywords

Digital economy development level, International trade, RCEP

Cite This Paper

Qianqing Wei, Min Liu. Research on the Impact of Digital Economy Development Level of Host Countries on China’s Trade: An Empirical Research Based on RCEP Countries. Academic Journal of Business & Management (2024) Vol. 6, Issue 1: 10-16. https://doi.org/10.25236/AJBM.2024.060102.

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