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Academic Journal of Business & Management, 2024, 6(3); doi: 10.25236/AJBM.2024.060337.

Study on the Influence of Digital Economy on the High-Quality Development of Manufacturing Industry in Henan Province

Author(s)

Chang Hui

Corresponding Author:
Chang Hui
Affiliation(s)

Zhengzhou College of Finance and Economics, Zhengzhou, China

Abstract

As a populous province, Henan Province in China has provided a large amount of labor force for the development of Henan 's manufacturing industry. However, in recent years, with the rise of China 's labor costs, some manufacturing industries have been transferred, exposing the lack of development potential and development momentum of Henan 's manufacturing industry. Therefore, it is of great significance to clarify the role of digital economy in promoting the high-quality development of manufacturing industry in Henan Province to reverse the high-quality development of manufacturing industry in Henan Province at this stage.Based on the data of Henan Province from 2017 to 2022, this paper uses the entropy weight method to measure the comprehensive score of digital economy and high-quality development of manufacturing industry. Through the mediating effect model, the innovative role of digital economy is obtained, which plays a part of intermediary role in the process of digital economy enabling the high-quality development of manufacturing industry in Henan Province. From the above analysis, the following conclusions are drawn : 1.The level of digital economy and the high-quality development of manufacturing industry in Henan Province are on the rise ; the benign pattern of common development between the digital economy system and the high-quality development system of the manufacturing industry has gradually formed; the digital economy promotes the high-quality development of regional manufacturing through technological innovation.

Keywords

Digital Economy; High-quality Development of Manufacturing Industry; The Mediating Effect Model

Cite This Paper

Chang Hui. Study on the Influence of Digital Economy on the High-Quality Development of Manufacturing Industry in Henan Province. Academic Journal of Business & Management (2024) Vol. 6, Issue 3: 289-295. https://doi.org/10.25236/AJBM.2024.060337.

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