The impact of the digital economy on creative industries development: Empirical evidence based on the China

Digital economy has become a "new engine" that driving global economic growth. Nevertheless, numerous controversies persist regarding whether and how digital economy can facilitate the development of emerging industries. Thus, this paper investigates how digital economy affects creative in...

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Bibliographic Details
Published in:PloS one 2024-03, Vol.19 (3), p.e0299232-e0299232
Main Authors: Zhao, Xiaodi, Shen, Lei, Jiang, Zhengyun
Format: Article
Language:English
Subjects:
Computer and Information Sciences
Digitization
Econometric models
Economic aspects
Economic growth
Engineering and Technology
Evaluation
People and Places
Social Sciences
Technological innovations
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Summary:Digital economy has become a "new engine" that driving global economic growth. Nevertheless, numerous controversies persist regarding whether and how digital economy can facilitate the development of emerging industries. Thus, this paper investigates how digital economy affects creative industries development in China and whether innovation efficiency mediates this relationship. Drawing upon a panel data set containing 29 Chinese provinces from 2012 to 2019, an econometric model is constructed for empirical analysis. We find that digital economy significantly promotes creative industries development, and innovation efficiency plays a partial mediating role between digital economy and creative industries development. According to the influence mechanism, the digital economy of various regions could promote the creative industries development by improving the innovation efficiency. Finally, relevant suggestions were put forward from the expanding application paths, improving regional innovation efficiency, and creating an innovative environment.
ISSN:1932-6203
1932-6203
DOI:10.1371/journal.pone.0299232