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Academic Journal of Business & Management, 2024, 6(1); doi: 10.25236/AJBM.2024.060123.

Research on the Impact of Digital Economy on the High Quality Development of Guangxi Province's Economy

Author(s)

Lin Xinyu

Corresponding Author:
Lin Xinyu
Affiliation(s)

School of Economics and Management, Guangxi Normal University, Guilin, China

Abstract

This paper firstly is based on the data of twelve prefecture-level cities in Guangxi Province from 2011 to 2021, it constructs the evaluation index system of digital economy and economic high quality development respectively, and uses entropy weight TOPSIS method to deal with it, and uses the random effect model to explore the impact of digital economy on the development of economic high quality in Guangxi Province. The results show that: ① The development of digital economy significantly and positively affects the quality of economic development in Guangxi Province, and the research results can be proved to be reliable by the robustness test and endogeneity test. ② Sub-regionally: there are differences in the level of digital economy and economic high-quality development among cities, which are manifested in the significant positive impact of digital economy on the economic high-quality development of Beibu Gulf Economic Zone and Xijiang Economic Belt, and the negative impact on the resource-rich areas in western Guangxi. ③The sub-dimension regression results show that the digital economy significantly and positively affects innovation, coordination, and shared development, while the effect on openness and green development is not significant. Finally, based on the conclusions of the study, policy recommendations are made on the path to achieve high-quality economic development driven by the digital economy.

Keywords

digital economy; high-quality economic development; Guangxi

Cite This Paper

Lin Xinyu. Research on the Impact of Digital Economy on the High Quality Development of Guangxi Province's Economy. Academic Journal of Business & Management (2024) Vol. 6, Issue 1: 159-167. https://doi.org/10.25236/AJBM.2024.060123.

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