Empirical Study on The Relationship Between Digitization and Industrial Innovation--Taking Wuhan New Display Industry as An Example
DOI:
https://doi.org/10.54097/3bp2g216Keywords:
Wuhan digitalization level, new display industry, VAR model, technological innovation.Abstract
This study explores the empirical relationship between virtual agglomeration and industrial innovation in the context of digitalization, taking Wuhan's new display industry as an example. Firstly, the key concepts of digital industrialization, industrial digitization and enterprise technology innovation are clearly defined, and the research framework is constructed on this basis. The rationality and reliability of the model are verified by constructing a VAR model and adopting methods such as unit root test and Granger causality test. The empirical results show that digital industrialization is self-promoting, industrial digitization is independent and subject to external influences, and enterprise technological innovation has complex dynamic responses. Based on the empirical results, it is proposed that the government should strongly support the application of digital technology in traditional industries, promote the internal digitization of industries, and actively promote the construction of technological innovation platforms. The research in this paper helps to deeply understand the regularity of industrial development in the context of digitization, and provides an important reference for the transformation and upgrading of new display industry in Wuhan.
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