Based on panel data from 16 cities in Shandong Province from 2013 to 2022,and grounded in theoretical analysis,this paper constructs a benchmark regression model,a mediating effect model,and a heterogeneity test for e...Based on panel data from 16 cities in Shandong Province from 2013 to 2022,and grounded in theoretical analysis,this paper constructs a benchmark regression model,a mediating effect model,and a heterogeneity test for empirical analysis.The results show that:(1)the digital economy has a significant positive effect on promoting the transformation and upgrading of the manufacturing industry in Shandong Province;(2)the digital economy can drive the transformation and upgrading of the manufacturing industry through technological innovation;and(3)the impact of the digital economy on the transformation and upgrading of the manufacturing industry in Shandong Province is evidently heterogeneous.展开更多
The subscription economy has become a dominant influence in the current business environment,fundamentally transforming the manner in which organizations interact with customers and create income.This article examines...The subscription economy has become a dominant influence in the current business environment,fundamentally transforming the manner in which organizations interact with customers and create income.This article examines the substantial influence of the subscription economy on the worldwide economy,evaluating its effects on different industries and marketplaces.The research examines relevant literature and case studies to identify the main factors,difficulties,and possibilities related to the subscription economy.Moreover,its objective is to examine the consequences for firms,customers,and economic expansion,elucidating the possibility of continuous value generation and innovation.展开更多
This paper explores the development logic,trends,and challenges of digital finance in the era of the digital economy.As a crucial component of the digital economy,digital finance has completely transformed the traditi...This paper explores the development logic,trends,and challenges of digital finance in the era of the digital economy.As a crucial component of the digital economy,digital finance has completely transformed the traditional financial services model through factors such as technological innovation,data intelligence,and personalized user experiences,paving the way for new business models and market opportunities.However,the rapid development of digital finance also faces challenges such as competition,security,and regulation.This paper emphasizes the importance of finding a balance between innovation and security in the development of digital finance and discusses the potential of digital finance in promoting financial inclusion and sustainable development.Through comprehensive analysis,this paper aims to provide valuable insights for academic researchers and industry practitioners,promoting the healthy development of digital finance.展开更多
In the context of the digital economy,the volume of data is growing exponentially,the types of data are becoming more diverse,and its value is increasing,often providing critical support for decision-making by enterpr...In the context of the digital economy,the volume of data is growing exponentially,the types of data are becoming more diverse,and its value is increasing,often providing critical support for decision-making by enterprises and government institutions.Effective data governance is a crucial tool for maximizing data value and mitigating data risks.This article examines the application of data governance models in the digital economy,aiming to offer technical insights and guidance for data-driven enterprises and governments in China.By elevating their data governance standards in the new era,this approach will comprehensively enhance their ability to harness digital value and ensure security in the digital economy,ultimately driving the continued growth of both the digital economy and society.展开更多
As the coronavirus pandemic spreads through the continents,it has dramatically disrupted everything in the global economy from stock markets and supply chains to oil and food prices,and in seeking to restrict the spre...As the coronavirus pandemic spreads through the continents,it has dramatically disrupted everything in the global economy from stock markets and supply chains to oil and food prices,and in seeking to restrict the spread of COVID-19,governments are shutting down whole commercial sectors which could cause a huge recession in some countries as the United Nations have already warned.All these new circumstances have raised again the fundamental questions about the future of our global economy.Therefore,this paper has tried to make sense of how the post-pandemic global economy would look like by shedding light on Jeremy Rifkin’s theory of the new industrial revolution and the coming disruption in the global market.展开更多
The new digital technologies allow access, storage, and transmission of information increasingly easier and more accessible, so we deal with digital information that can be converted into new economic and social value...The new digital technologies allow access, storage, and transmission of information increasingly easier and more accessible, so we deal with digital information that can be converted into new economic and social values, creating huge opportunities for developing new products and services. In these conditions we can say that the information is the key resource for the new type of economy--digital economy. The new economy is characterized by the increasing incorporation of knowledge in new products and services, growing the importance of learning and innovation, globalization and sustainable development. In this paper we propose to address this new type of economy, highlighting specific features and main components. Because the digital economy is characterized by a series of procedures that fundamentally changes the relationship between business partners and taxpayers, by introducing a coherent way of cultivating civic awareness, we considered it appropriate to give an overview of them. In view of the global character of this type of economy, we have presented some aspects of the digital economy in the European Union, considering that it could be a possible solution to the economic crisis, issue of new economy based on digital economy, being analyzed in its various aspects by many political factors and various institutions and international organizations. We ended by presenting the most significant trends in the digital economy and a set of conclusions, in which is pointed the role and the importance of this new type of economy.展开更多
The new technological revolution has not only created the digital economy,but has also accelerated the digital transformation of global value chains(GVCs).Digital technologies have reshaped the specialization within g...The new technological revolution has not only created the digital economy,but has also accelerated the digital transformation of global value chains(GVCs).Digital technologies have reshaped the specialization within global value chains by reducing costs,enabling industrial chains and increasing added value in exports.However,GVCs also face salient risks in the digital economy era,as reflected in their spatial layouts.The enabling effect of digital technologies has led to the shortening and reshoring of global value chains.In value chain governance,dominant countries have imposed technological embargoes on ascendant countries,depriving them of key technologies.In the distribution of value,the imbalances in the specialization within GVCs and digital divides have aggravated global economic inequities.Given the new characteristics and risks of GVCs in the era of the digital economy,as well as the“dual circulation"'development paradigm,China's industrial chains and firms moving up the GVCs need to regard data,the fifth type of production factor,as a key to the enabling effect of the digital economy on industries.These measures will advance the digital transformation of traditional industries and the development of the digital industry,as well as allow industrial chains and innovation chains to work in tandem to facilitate favorable domestic circulation.At the firm level,enterprises should further develop endogenous innovation capacity to become leaders in innovation and free themselves from dependence on foreign sources for key technologies.展开更多
By building a composite index for measuring national digital economy development and sectoral digital intensities,this paper derives metrics of industry-level digital economy penetration under the framework of special...By building a composite index for measuring national digital economy development and sectoral digital intensities,this paper derives metrics of industry-level digital economy penetration under the framework of specialization within global value chains(GVCs),systematically analyzes the mechanisms through which digital economy development affects GVCs upstreamness,and examines the moderating effect of institutional quality.The study shows that different dimensions of digital economy development significantly boost GVCs upstreamness,a conclusion that holds even after accounting for endogeneity through dynamic panel models with instrumental variables based on past data.Further research shows that technological innovation capabilities and resource allocation efficiency have gradually become important channels for digital economy development to boost GVCs upstreamness.Adding indicators on institutional quality reveals that greater institutional quality not only directly promotes GVCs upstreamness but also reinforces the impact of digital economy development on higher GVCs positioning.展开更多
The article discusses the emergence of some major catches throughout the present digital era. It reviews the discrepancy between the technology rate of advancement and human-beings’ ability to follow, comprehend, and...The article discusses the emergence of some major catches throughout the present digital era. It reviews the discrepancy between the technology rate of advancement and human-beings’ ability to follow, comprehend, and adjust to it. This is, in essence, the articles’ subject matter. Several issues are analyzed about their relationships with the technological advancement. Among them are: basic knowledge and trivia, high education, human-touch decreasing, communication and media, freedom and responsibility, culture, bureaucracy, and population inquiry methods. At the last section, the social-capitalism idea is presented and proposed to be the political-economic platform of contemporary era. The proposed manifesto, which rests on collaboration, balanced activity, and common interest, refers to the following points: a. Firm’s goals should contain three elements1;b. competition is just one of other motivation factors;c. government involvement in economy is a real must;d. local and global considerations should be balanced;and e. social services The digital era/age represents a remarkable period of many technological achievements. Technical accomplishments achieved during the past 50 years, well surpassed almost all the advancements invented from the early days of history, some 5,000 years back. This achievement just demonstrates the smartness and talent, ingenuity, and wisdom of the members of Western civilization. However, it is a sad fact that since the early days of civilization, a permanent race took place between technological advancement and people or society development. This unfortunate race took place from those early days when science, philosophy, and arts were created and executed by gifted individuals that were only few and scarce until today. It is a known fact that only a small number of scholars were able to write and read the scripts of the early Egyptians or the wit of the ancient Greeks. The rest of those people, the majority, remained illiterate and ignorant. Similarly, the printing technology that was invented in the 15th century and enabled books and printed matter to be more popular and available did not terminate illiteracy. Nevertheless, 500 years had to pass until, due to public schooling, education prevailed and illiteracy was defeated. Usually, throughout history, one can see that technology advances faster and more rapidly than the ability of human beings or societies to accept, practice, and maximize their use of it. This permanent gap between two of the leading trends in manhood grows even faster during the as a security-net must be maintained. It is assumed that such a balanced policy will enable a continual course of creative prosperity combined with stable fair and happier life for all.展开更多
In the paper, after clarification of concepts about digital economy and the 'Belt and Road',the author analyzes the status quo of information infrastructure of countries along the route. And then, the author r...In the paper, after clarification of concepts about digital economy and the 'Belt and Road',the author analyzes the status quo of information infrastructure of countries along the route. And then, the author raises the idea that it needs to make joint efforts in the developing path of information, industry and intelligence ecosystems, so as to realize the global construction of the digital 'Belt and Road'. And in the essay, they are called 1.0, 2.0 and 3.0 versions of China’s going-out strategy respectively. Under such circumstances, the digital reform approaches of bridging digital gap of different countries are put forward,from the four different aspects of platform media, emerging technology, digital literacy and think tanks.展开更多
The aim of this study was to develop an adequate mathematical model for long-term forecasting of technological progress and economic growth in the digital age (2020-2050). In addition, the task was to develop a model ...The aim of this study was to develop an adequate mathematical model for long-term forecasting of technological progress and economic growth in the digital age (2020-2050). In addition, the task was to develop a model for forecast calculations of labor productivity in the symbiosis of “man + intelligent machine”, where an intelligent machine (IM) is understood as a computer or robot equipped with elements of artificial intelligence (AI), as well as in the digital economy as a whole. In the course of the study, it was shown that in order to implement its goals the Schumpeter-Kondratiev innovation and cycle theory on forming long waves (LW) of economic development influenced by a powerful cluster of economic technologies engendered by industrial revolutions is most appropriate for a long-term forecasting of technological progress and economic growth. The Solow neoclassical model of economic growth, synchronized with LW, gives the opportunity to forecast economic dynamics of technologically advanced countries with a greater precision up to 30 years, the time which correlates with the continuation of LW. In the information and digital age, the key role among the main factors of growth (capital, labour and technological progress) is played by the latter. The authors have developed an information model which allows for forecasting technological progress basing on growth rates of endogenous technological information in economics. The main regimes of producing technological information, corresponding to the eras of information and digital economies, are given in the article, as well as the Lagrangians that engender them. The model is verified on the example of the 5<sup>th</sup> information LW for the US economy (1982-2018) and it has had highly accurate approximation for both technological progress and economic growth. A number of new results were obtained using the developed information models for forecasting technological progress. The forecasting trajectory of economic growth of developed countries (on the example of the USA) on the upward stage of the 6<sup>th</sup> LW (2018-2042), engendered by the digital technologies of the 4<sup>th</sup> Industrial Revolution is given. It is also demonstrated that the symbiosis of human and intelligent machine (IM) is the driving force in the digital economy, where man plays the leading role organizing effective and efficient mutual work. Authors suggest a mathematical model for calculating labour productivity in the digital economy, where the symbiosis of “human + IM” is widely used. The calculations carried out with the help of the model show: 1) the symbiosis of “human + IM” from the very beginning lets to realize the possibilities of increasing work performance in the economy with the help of digital technologies;2) the largest labour productivity is achieved in the symbiosis of “human + IM”, where man labour prevails, and the lowest labour productivity is seen where the largest part of the work is performed by IM;3) developed countries may achieve labour productivity of 3% per year by the mid-2020s, which has all the chances to stay up to the 2040s.展开更多
文摘Based on panel data from 16 cities in Shandong Province from 2013 to 2022,and grounded in theoretical analysis,this paper constructs a benchmark regression model,a mediating effect model,and a heterogeneity test for empirical analysis.The results show that:(1)the digital economy has a significant positive effect on promoting the transformation and upgrading of the manufacturing industry in Shandong Province;(2)the digital economy can drive the transformation and upgrading of the manufacturing industry through technological innovation;and(3)the impact of the digital economy on the transformation and upgrading of the manufacturing industry in Shandong Province is evidently heterogeneous.
文摘The subscription economy has become a dominant influence in the current business environment,fundamentally transforming the manner in which organizations interact with customers and create income.This article examines the substantial influence of the subscription economy on the worldwide economy,evaluating its effects on different industries and marketplaces.The research examines relevant literature and case studies to identify the main factors,difficulties,and possibilities related to the subscription economy.Moreover,its objective is to examine the consequences for firms,customers,and economic expansion,elucidating the possibility of continuous value generation and innovation.
文摘This paper explores the development logic,trends,and challenges of digital finance in the era of the digital economy.As a crucial component of the digital economy,digital finance has completely transformed the traditional financial services model through factors such as technological innovation,data intelligence,and personalized user experiences,paving the way for new business models and market opportunities.However,the rapid development of digital finance also faces challenges such as competition,security,and regulation.This paper emphasizes the importance of finding a balance between innovation and security in the development of digital finance and discusses the potential of digital finance in promoting financial inclusion and sustainable development.Through comprehensive analysis,this paper aims to provide valuable insights for academic researchers and industry practitioners,promoting the healthy development of digital finance.
文摘In the context of the digital economy,the volume of data is growing exponentially,the types of data are becoming more diverse,and its value is increasing,often providing critical support for decision-making by enterprises and government institutions.Effective data governance is a crucial tool for maximizing data value and mitigating data risks.This article examines the application of data governance models in the digital economy,aiming to offer technical insights and guidance for data-driven enterprises and governments in China.By elevating their data governance standards in the new era,this approach will comprehensively enhance their ability to harness digital value and ensure security in the digital economy,ultimately driving the continued growth of both the digital economy and society.
文摘As the coronavirus pandemic spreads through the continents,it has dramatically disrupted everything in the global economy from stock markets and supply chains to oil and food prices,and in seeking to restrict the spread of COVID-19,governments are shutting down whole commercial sectors which could cause a huge recession in some countries as the United Nations have already warned.All these new circumstances have raised again the fundamental questions about the future of our global economy.Therefore,this paper has tried to make sense of how the post-pandemic global economy would look like by shedding light on Jeremy Rifkin’s theory of the new industrial revolution and the coming disruption in the global market.
文摘The new digital technologies allow access, storage, and transmission of information increasingly easier and more accessible, so we deal with digital information that can be converted into new economic and social values, creating huge opportunities for developing new products and services. In these conditions we can say that the information is the key resource for the new type of economy--digital economy. The new economy is characterized by the increasing incorporation of knowledge in new products and services, growing the importance of learning and innovation, globalization and sustainable development. In this paper we propose to address this new type of economy, highlighting specific features and main components. Because the digital economy is characterized by a series of procedures that fundamentally changes the relationship between business partners and taxpayers, by introducing a coherent way of cultivating civic awareness, we considered it appropriate to give an overview of them. In view of the global character of this type of economy, we have presented some aspects of the digital economy in the European Union, considering that it could be a possible solution to the economic crisis, issue of new economy based on digital economy, being analyzed in its various aspects by many political factors and various institutions and international organizations. We ended by presenting the most significant trends in the digital economy and a set of conclusions, in which is pointed the role and the importance of this new type of economy.
基金supported by the Department of Research and Publicity of China Association for Science and Technology“Investigation on Enterprise Demand and Technology Supply Under the New Pattern of Double Circulation”(No.20205441436)the Emergency Management Project of National Natural Science Foundation of China“Research on the Innovation System,Mechanism,Organizational Model and Policy to Solve the Blockade of Key and Core Technologies in China”(No.71941026)the Major project of Beijing Social Science Foundation“Research on Strengthening National Strategic Scientific and Technological Forces”(No.21LLGL002).
文摘The new technological revolution has not only created the digital economy,but has also accelerated the digital transformation of global value chains(GVCs).Digital technologies have reshaped the specialization within global value chains by reducing costs,enabling industrial chains and increasing added value in exports.However,GVCs also face salient risks in the digital economy era,as reflected in their spatial layouts.The enabling effect of digital technologies has led to the shortening and reshoring of global value chains.In value chain governance,dominant countries have imposed technological embargoes on ascendant countries,depriving them of key technologies.In the distribution of value,the imbalances in the specialization within GVCs and digital divides have aggravated global economic inequities.Given the new characteristics and risks of GVCs in the era of the digital economy,as well as the“dual circulation"'development paradigm,China's industrial chains and firms moving up the GVCs need to regard data,the fifth type of production factor,as a key to the enabling effect of the digital economy on industries.These measures will advance the digital transformation of traditional industries and the development of the digital industry,as well as allow industrial chains and innovation chains to work in tandem to facilitate favorable domestic circulation.At the firm level,enterprises should further develop endogenous innovation capacity to become leaders in innovation and free themselves from dependence on foreign sources for key technologies.
基金This study is supported by the National Social Science Foundation(NSSF)Project“Impact of Services Liberalization in High-quality Development Stage on Chinese Industry Upgrading(No.18AJY012).”
文摘By building a composite index for measuring national digital economy development and sectoral digital intensities,this paper derives metrics of industry-level digital economy penetration under the framework of specialization within global value chains(GVCs),systematically analyzes the mechanisms through which digital economy development affects GVCs upstreamness,and examines the moderating effect of institutional quality.The study shows that different dimensions of digital economy development significantly boost GVCs upstreamness,a conclusion that holds even after accounting for endogeneity through dynamic panel models with instrumental variables based on past data.Further research shows that technological innovation capabilities and resource allocation efficiency have gradually become important channels for digital economy development to boost GVCs upstreamness.Adding indicators on institutional quality reveals that greater institutional quality not only directly promotes GVCs upstreamness but also reinforces the impact of digital economy development on higher GVCs positioning.
文摘The article discusses the emergence of some major catches throughout the present digital era. It reviews the discrepancy between the technology rate of advancement and human-beings’ ability to follow, comprehend, and adjust to it. This is, in essence, the articles’ subject matter. Several issues are analyzed about their relationships with the technological advancement. Among them are: basic knowledge and trivia, high education, human-touch decreasing, communication and media, freedom and responsibility, culture, bureaucracy, and population inquiry methods. At the last section, the social-capitalism idea is presented and proposed to be the political-economic platform of contemporary era. The proposed manifesto, which rests on collaboration, balanced activity, and common interest, refers to the following points: a. Firm’s goals should contain three elements1;b. competition is just one of other motivation factors;c. government involvement in economy is a real must;d. local and global considerations should be balanced;and e. social services The digital era/age represents a remarkable period of many technological achievements. Technical accomplishments achieved during the past 50 years, well surpassed almost all the advancements invented from the early days of history, some 5,000 years back. This achievement just demonstrates the smartness and talent, ingenuity, and wisdom of the members of Western civilization. However, it is a sad fact that since the early days of civilization, a permanent race took place between technological advancement and people or society development. This unfortunate race took place from those early days when science, philosophy, and arts were created and executed by gifted individuals that were only few and scarce until today. It is a known fact that only a small number of scholars were able to write and read the scripts of the early Egyptians or the wit of the ancient Greeks. The rest of those people, the majority, remained illiterate and ignorant. Similarly, the printing technology that was invented in the 15th century and enabled books and printed matter to be more popular and available did not terminate illiteracy. Nevertheless, 500 years had to pass until, due to public schooling, education prevailed and illiteracy was defeated. Usually, throughout history, one can see that technology advances faster and more rapidly than the ability of human beings or societies to accept, practice, and maximize their use of it. This permanent gap between two of the leading trends in manhood grows even faster during the as a security-net must be maintained. It is assumed that such a balanced policy will enable a continual course of creative prosperity combined with stable fair and happier life for all.
文摘In the paper, after clarification of concepts about digital economy and the 'Belt and Road',the author analyzes the status quo of information infrastructure of countries along the route. And then, the author raises the idea that it needs to make joint efforts in the developing path of information, industry and intelligence ecosystems, so as to realize the global construction of the digital 'Belt and Road'. And in the essay, they are called 1.0, 2.0 and 3.0 versions of China’s going-out strategy respectively. Under such circumstances, the digital reform approaches of bridging digital gap of different countries are put forward,from the four different aspects of platform media, emerging technology, digital literacy and think tanks.
文摘The aim of this study was to develop an adequate mathematical model for long-term forecasting of technological progress and economic growth in the digital age (2020-2050). In addition, the task was to develop a model for forecast calculations of labor productivity in the symbiosis of “man + intelligent machine”, where an intelligent machine (IM) is understood as a computer or robot equipped with elements of artificial intelligence (AI), as well as in the digital economy as a whole. In the course of the study, it was shown that in order to implement its goals the Schumpeter-Kondratiev innovation and cycle theory on forming long waves (LW) of economic development influenced by a powerful cluster of economic technologies engendered by industrial revolutions is most appropriate for a long-term forecasting of technological progress and economic growth. The Solow neoclassical model of economic growth, synchronized with LW, gives the opportunity to forecast economic dynamics of technologically advanced countries with a greater precision up to 30 years, the time which correlates with the continuation of LW. In the information and digital age, the key role among the main factors of growth (capital, labour and technological progress) is played by the latter. The authors have developed an information model which allows for forecasting technological progress basing on growth rates of endogenous technological information in economics. The main regimes of producing technological information, corresponding to the eras of information and digital economies, are given in the article, as well as the Lagrangians that engender them. The model is verified on the example of the 5<sup>th</sup> information LW for the US economy (1982-2018) and it has had highly accurate approximation for both technological progress and economic growth. A number of new results were obtained using the developed information models for forecasting technological progress. The forecasting trajectory of economic growth of developed countries (on the example of the USA) on the upward stage of the 6<sup>th</sup> LW (2018-2042), engendered by the digital technologies of the 4<sup>th</sup> Industrial Revolution is given. It is also demonstrated that the symbiosis of human and intelligent machine (IM) is the driving force in the digital economy, where man plays the leading role organizing effective and efficient mutual work. Authors suggest a mathematical model for calculating labour productivity in the digital economy, where the symbiosis of “human + IM” is widely used. The calculations carried out with the help of the model show: 1) the symbiosis of “human + IM” from the very beginning lets to realize the possibilities of increasing work performance in the economy with the help of digital technologies;2) the largest labour productivity is achieved in the symbiosis of “human + IM”, where man labour prevails, and the lowest labour productivity is seen where the largest part of the work is performed by IM;3) developed countries may achieve labour productivity of 3% per year by the mid-2020s, which has all the chances to stay up to the 2040s.