Analysis of the Impact and Mechanism of Digital Economy on China's Industrial Structure in Gray Correlation Perspective

With the rapid development of information technology, digital economy has become a key force in driving global economic growth. It is intended in this paper to explore how digital economy affects the rationalization and advance of China's industrial structure. According to the theoretical inquiry and combing of literature, some possible factors influencing the industrial structure rationalization and advancement are picked out; with the use of descriptive statistics, it identifies variables that have significant influence, builds the research model; modeling with screened data is made and the results evaluated by the grey correlation analysis meth-od, analyzing the intrinsic mechanism. It can be reflected that the promotion of industrial production efficiency brought about by deep penetration and applied application has gradually optimized resources allocation to upgrade China's industrial rational structure. Besides, innovation and applied application of digital techniques drive the readjustment of traditional industries and fast forward the upgrade of industrial transformation, constantly propelling industrial structure upgrading into a superior form in the evolution. The digital economy has a particularly huge effect on the advanced industrial structure.

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Published
2024-12-13
DOI
https://doi.org/10.1145/3724154.3724314
Primary Topic
Energy, Environment, Economic Growth
Type
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Analysis of the Impact and Mechanism of Digital Economy on China's Industrial Structure in Gray Correlation Perspective

Zhuoran Li
Energy, Environment, Economic Growth
article

Analysis of the Impact and Mechanism of Digital Economy on China's Industrial Structure in Gray Correlation Perspective

Zhuoran Li
article en

Abstract

With the rapid development of information technology, digital economy has become a key force in driving global economic growth. It is intended in this paper to explore how digital economy affects the rationalization and advance of China's industrial structure. According to the theoretical inquiry and combing of literature, some possible factors influencing the industrial structure rationalization and advancement are picked out; with the use of descriptive statistics, it identifies variables that have significant influence, builds the research model; modeling with screened data is made and the results evaluated by the grey correlation analysis meth-od, analyzing the intrinsic mechanism. It can be reflected that the promotion of industrial production efficiency brought about by deep penetration and applied application has gradually optimized resources allocation to upgrade China's industrial rational structure. Besides, innovation and applied application of digital techniques drive the readjustment of traditional industries and fast forward the upgrade of industrial transformation, constantly propelling industrial structure upgrading into a superior form in the evolution. The digital economy has a particularly huge effect on the advanced industrial structure.

Nanjing University of Finance and Economics (CN)
Decent work and economic growth
Openalex Percentile: Top 66%
Energy, Environment, Economic Growth
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