Do Data Factors Empower the Realization of Ecological Product Value? Evidence from China

With the deepening construction of ecological civilization, the realization of ecological product value, referring to the value derived from ecosystems’ material goods, regulation, support, and cultural services, has become a strategic key point for national sustainable development. Data factors, distinguished from digital technologies as the actual resources used in production, exchange, and consumption, are becoming increasingly important as a new catalyst for empowering the realization of ecological product value. Drawing on panel data spanning 2011 to 2023 across China’s 31 provinces, this research employs the entropy weight method to construct evaluation indices for both the development of data factors and the realization of ecological product value, deriving weights from the data’s intrinsic variability. The effect of data factors on the realization of ecological product value is examined using a two-way fixed effects framework. Our outcomes are presented below. First, data factors can significantly promote the realization of ecological product value, and this conclusion is supported by a series of robustness checks and endogeneity treatments. Second, the mechanism analysis reveals that data factors empower the realization of ecological product value through new quality productive forces, energy consumption intensity, and innovation and entrepreneurship. Third, results from the threshold model suggest that the promoting effect of data factors on the realization of ecological product value is subject to a threshold constraint, characterized by diminishing marginal returns beyond this point. Fourth, regarding regional disparities, the results indicate that data factors primarily drive ecological product value realization in the central region, as it is at a critical stage of digital transformation, with a secondary effect in the east, while their influence in the western region remains insignificant. These findings provide important guidance for integrating data factors and ecological resources to achieve sustainable development.