Author(s)

Luying Cheng ¹

Affiliation(s)

¹ School of Business, Nanfang College Guangzhou, Guangzhou, Guangdong, 510900, China

Corresponding Author

Luying Cheng

ABSTRACT

Currently, China's manufacturing industry development status shows a certain gap compared to the world's leading developed countries, and the industrial structure require s further improvement and development. Therefore, China must prioritize industrial innovation, accelerate the integration of industrial technology, and achieve transformation and upgrading of industrial structure. Simultaneously, China's digital economy is undergoing rapid development, with its impact on the economy and society gradually increasing. The digital economy has become a crucial cornerstone for China to achieve high-quality economic development and industrial modernization. Hence, China should focus on developing the digital economy, enhancing digital infrastructure, and accelerating the integration of manufacturing and digital economy. This study examines the relationship between the development of China's digital economy and the transformation and upgrading of manufacturing industry structure using panel data from 2013 to 2020. Both theoretical analysis and empirical tests are conducted to explore the following aspects: (1) The fundamental relationship between the digital economy and the upgrading of manufacturing industry structure is investigated by reviewing relevant literature and research. (2) The hypothesis that the digital economy can promote the upgrading of industrial structure by facilitating technological innovation is proposed. (3) A two-way fixed-effect model is utilized to test the impact of the digital economy on industrial structure upgrading. (4) The regional heterogeneity of the impact of the digital economy on the upgrading of manufacturing industry structure is examined in the eastern, central, and western regions, as well as the heterogeneous impact of the two from different levels of digital economy development.

KEYWORDS

Digital economy; Industry structure; Technological innovation

CITE THIS PAPER

Luying Cheng, A Study on the Impact of Digital Economy on the Upgrading of China's Manufacturing Industry Structure—Based on the Mediating Effect of Technological Innovation. Industrial Engineering and Innovation Management (2024) Vol. 7: 37-53. DOI: http://dx.doi.org/10.23977/ieim.2024.070405.

REFERENCES

[1] Lane, N. (1999). Advancing the digital economy into the 21st century. Information Systems Frontiers, 1(3), 317-320.
[2] Kim B, Barua A, Whinston A B. Virtual field experiments for a digital economy: a new research methodology for exploring an information economy[J]. Decision Support Systems, 2002, 32 (3): 215-231.
[3] Liu Jun, Yang Yuanjun, Zhang Sanfeng. Study on the measurement and drivers of China's digital economy[J]. Shanghai Economic Research,2020(06):81-96.
[4] Wang Juanjuan,She Ganjun. Measurement of China's digital economy development level and regional comparison[J]. China circulation economy,2021,35(08):3-17.
[5] Bai Xuejie, Song Pei, Li Lin, Liao Sai-nan. Can the digital economy promote the transformation of China's industrial structure? --Based on the perspective of efficiency-based technological progress[J]. Journal of Xi'an Jiaotong University (Social Science Edition),2021,4 1(06):1-15.
[6] Lan Qingxin,Dou Kai. Development trend and countermeasures of digital economy in the sharing era[J]. Social Science Digest,2018(02):46-48.
[7] Li Qian,Lin Xiaomei,Ma Zhijian,Liao Chunxiao. Research on the mechanism of the role of digital economy in driving the high-quality development of Hainan's economy[J]. China Business Journal,2021(20):1-3.
[8] Zhu Hailiang,Wang Chunjuan. Digital economy leads high-quality industrial development: theory, mechanism and path[J]. Financial theory and practice,2020,41(05):2-10. 
[9] Wu Chongbo,Du Shenghao. Comparison of manufacturing export competitiveness between China and ASEAN--based on the perspective of industry and technology[J]. Journal of Guangxi Institute of Finance and Economics, 2018,31(02):1-9.
[10] Hummels D, Ishii J, Yi K M. The nature and growth of vertical specialization in world trade [J]. Journal of international Economics, 2001, 54(1): 75-96.
[11] Acemoglu D, Guerrieri V. Capital deepening and nonbalanced economic growth[J]. Journal o f political Economy, 2008, 116(3): 467-498.
[12] Fu Yuanhai, Ye Xiangsong, Wang Zhanxiang. The choice of technological progress path for manufacturing structure optimization--an empirical analysis based on dynamic panel[J]. China Industrial Economics,2014(09):78-90.
[13] Yang Ligao,Li Yongqi,Han Feng,Gong Shihao. An empirical study of human capital accumulation affecting structural upgrading of manufacturing industry[J]. Scientific Decision Making,2018(03):1-15.
[14] Rogers K, Sinkey Jr J F. An analysis of nontraditional activities at US commercial banks[J]. Review of Financial Economics, 1999, 8(1): 25-39.
[15] Moosa I, Li L, Naughton T. Robust and fragile firm-specific determinants of the capital structure of Chinese firms[J]. Applied Financial Economics, 2011, 21(18): 1331-1343.
[16] Wei Yanqiu, He Shuping. Modern information technology service industry embedding and manufacturing transformation and upgrading--analysis based on VAR model[J]. Science and Technology Management Research, 2018, 38(01):126-133.
[17] Zhao Yulin,Pei Chengchen. Technological innovation, industrial integration and manufac turing transformation and upgrading[J]. Science and Technology Progress and Countermeas ures,2019,36(11):70-76.
[18] Na Dandan,Li Ying. Research on the factors influencing the transformation and upgrading of manufacturing industry[J]. Learning and exploration,2020(12):130-135.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Accounting and Corporate Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics