Research on the Impact of Digital Economy on Regional Innovation Capability

Huiling Wang; Yue Ling

doi:10.54097/fbem.v4i2.609

Authors

Huiling Wang
Yue Ling

DOI:

https://doi.org/10.54097/fbem.v4i2.609

Keywords:

Regional innovation, Digital economy, Knowledge condensation, Market transformation, Ridge regression.

Abstract

In this paper, an evaluation system of digital economy development level is constructed based on China's provincial panel data from 2011 to 2019, and ridge regression method is used to test whether digital economy development promotes innovative knowledge condensation and market transformation. The results show that the development of digital economy significantly promotes the knowledge condensation of innovation, but has no significant impact on the market transformation of innovation. Besides, the development of digital economy has significant heterogeneity in the innovation knowledge condensation and market transformation of the three regions. The suggestions are that precise measures should be taken in the three regions, labor and capital investment should be increased in basic and applied research and experimental development research.

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