The Impact of Government Financial Support on Digital Economy: The Moderating Role of Industrial Structure DOI Open Access
Shengkun Wang, Rusmawati Said, Normaz Wana Ismail

et al.

International Journal of Academic Research in Business and Social Sciences, Journal Year: 2025, Volume and Issue: 15(1)

Published: Jan. 13, 2025

This research explores how government financial support impacts the growth of digital economy, emphasizing influence industrial structure as a moderating factor and variation across different regions. Analyzing panel data from 30 Chinese provinces (2013–2022), Two-Way Fixed Effects (TWFE) model demonstrates that fiscal expenditures on science technology significantly boost economic growth. Robustness tests confirm reliability these findings, endogeneity issues are addressed by utilizing lagged an instrumental variable. The analysis identifies regional disparities, with eastern region demonstrating most pronounced policy effects, followed central western regions, reflecting variations in infrastructure resource utilization. Furthermore, effect underscores higher share tertiary sector strengthens effectiveness support, need for optimizing structures. These findings provide valuable insights promoting balanced sustainable growth, addressing inequalities, advancing modern system.

Language: Английский

The Impact of Government Financial Support on Digital Economy: The Moderating Role of Industrial Structure DOI Open Access
Shengkun Wang, Rusmawati Said, Normaz Wana Ismail

et al.

International Journal of Academic Research in Business and Social Sciences, Journal Year: 2025, Volume and Issue: 15(1)

Published: Jan. 13, 2025

This research explores how government financial support impacts the growth of digital economy, emphasizing influence industrial structure as a moderating factor and variation across different regions. Analyzing panel data from 30 Chinese provinces (2013–2022), Two-Way Fixed Effects (TWFE) model demonstrates that fiscal expenditures on science technology significantly boost economic growth. Robustness tests confirm reliability these findings, endogeneity issues are addressed by utilizing lagged an instrumental variable. The analysis identifies regional disparities, with eastern region demonstrating most pronounced policy effects, followed central western regions, reflecting variations in infrastructure resource utilization. Furthermore, effect underscores higher share tertiary sector strengthens effectiveness support, need for optimizing structures. These findings provide valuable insights promoting balanced sustainable growth, addressing inequalities, advancing modern system.

Language: Английский

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