Digital transformation can drive economic growth, and improve the level of science and technology innovation to empower economic development. To investigate whether digital transformation has a sustained and stable promotion effect on the economic growth of the three northeastern provinces, based on the panel data of Liaoning, Jilin, and Heilongjiang provinces from 2011 to 2020, using the economic level as the explanatory variable, digital transformation as the explanatory variable and the level of human capital, investment in physical capital, the degree of government intervention, the level of opening up to the outside world, and the level of scientific and technological development as the control variables, and applying the methods of fixed effect model and other methods of empirical testing. The results show that: (1) digital transformation can enhance the rapid economic development of Northeast China, i.e., the higher the degree of digital transformation, the faster the economic development. (2) Human capital is an important factor affecting the economic development of the Northeast, and its fundamental, strategic, and decisive role in the economic and social development of the Northeast is increasing. (3) Physical capital investment can play a contributing role in the development of the Northeast economy, add new technology machines to enterprises, and promote technological progress in the Northeast, which can lead to both short-term stable economic development and long-term steady economic improvement. Accordingly, policy recommendations for digital transformation to promote economic growth in the Northeast are put forward in terms of strengthening digital infrastructure, cultivating digital talents, increasing scientific and technological innovation, and other aspects.

Yantong Wang, Liezhi Shen, Yunxi Ling. The Impact of Digital Transformation on Economic Growth in the Northeast. Academic Journal of Business & Management (2023) Vol. 5, Issue 23: 192-203. https://doi.org/10.25236/AJBM.2023.052327.

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