Digital New Quality Productive Forces: The Key Driver of High-Quality and Sustainable Growth in the Global Economy

Digital new quality productive forces has emerged as a pivotal force in driving the contemporary economic transformation and upgrading.This study integrates Schumpeter’s theory of innovation with Romer’s theory of endogenous growth to systematically explore the impacts of digital infrastructure development, industrial digital transformation, and the integration of digital and real economies on high-quality economic growth.It highlights the pivotal role of digital new quality productive forces in enhancing total factor productivity(TFP),optimizing industrial structures, and promoting sustainable growth.The findings reveal that digital new quality productive forces not only significantly boosts economic efficiency through enhanced TFP and an innovation-driven approach but also provides essential empirical support for policymakers during the digital transformation process. Moreover,by promoting technological innovation and talent development, it facilitates continuous optimization and upgrading of industrial structures,thereby laying a solid foundation for achieving high-quality and sustainable economic growth.

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Publication Details

Journal
Journal of statistics and economics.
Published
2024-12-01
DOI
https://doi.org/10.62517/jse.202411601
Primary Topic
Digital Platforms and Economics
Type
article
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article

Digital New Quality Productive Forces: The Key Driver of High-Quality and Sustainable Growth in the Global Economy

Wang Bo
Journal of statistics and economics.
Digital Platforms and Economics
article

Digital New Quality Productive Forces: The Key Driver of High-Quality and Sustainable Growth in the Global Economy

Wang Bo
article en

Abstract

Digital new quality productive forces has emerged as a pivotal force in driving the contemporary economic transformation and upgrading.This study integrates Schumpeter’s theory of innovation with Romer’s theory of endogenous growth to systematically explore the impacts of digital infrastructure development, industrial digital transformation, and the integration of digital and real economies on high-quality economic growth.It highlights the pivotal role of digital new quality productive forces in enhancing total factor productivity(TFP),optimizing industrial structures, and promoting sustainable growth.The findings reveal that digital new quality productive forces not only significantly boosts economic efficiency through enhanced TFP and an innovation-driven approach but also provides essential empirical support for policymakers during the digital transformation process. Moreover,by promoting technological innovation and talent development, it facilitates continuous optimization and upgrading of industrial structures,thereby laying a solid foundation for achieving high-quality and sustainable economic growth.

Journal of statistics and economics.Vol. 1(6)
Chinese Academy of Social Sciences (CN)
Openalex Percentile: Top 49%
Digital Platforms and Economics
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