Journal
JOURNAL OF GLOBAL INFORMATION MANAGEMENT
Volume 29, Issue 5, Pages 71-85Publisher
IGI GLOBAL
DOI: 10.4018/JGIM.20210901.oa5
Keywords
Cost Reduction; Digital Economy; Digital Inputs; Domestic Value-Added Rate of Exports; Global Value Chain; Manufacturing Industry; Technological Progress; Trade
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This study found through data analysis that the development of the digital economy significantly promotes the growth of the domestic value-added rate of manufacturing industry exports in China, especially for intermediate product exports. The digital economy mainly has a positive impact on capital-intensive and knowledge-intensive manufacturing industries, with technological progress and cost reduction being important mechanisms through which the digital economy promotes the domestic value-added rate of exports.
The digital economy continuously injects new momentum into the traditional economy and has become an important driving force for national economic development. Against this backdrop and using input-output data from the WIOD from 2002 to 2014, this paper empirically analyzes the impact of the development of the digital economy on the domestic value-added rate of Chinese manufacturing industry exports and the mechanism underlying this relationship. The results show that (1) digital economic input significantly promotes growth in the domestic value-added rate of manufacturing industry exports, (2) digital economic input mainly increases the domestic value-added rate of intermediate-product exports, (3) digital input has a significant positive impact on the capital-intensive and knowledge-intensive manufacturing industries, and (4) technological progress and cost reduction are important mechanisms through which the digital economy promotes the domestic value-added rate of exports.
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