Template-Type: ReDIF-Article 1.0 Author-Name:YANG Zhen Author-Workplace-Name: Institute of Industrial Economics, Chinese Academy of Social Sciences, Beijing 100006, China; Research Center for Technological Innovation, Tsinghua University, Beijing 100084, China Author-Name: CHEN Jin Author-Workplace-Name: Research Center for Technological Innovation, Tsinghua University, Beijing 100084, China; School of Economics and Management, Tsinghua University, Beijing 100084, China Author-Name: LI Jizhen Author-Workplace-Name: Research Center for Technological Innovation, Tsinghua University, Beijing 100084, China; School of Economics and Management, Tsinghua University, Beijing 100084, China Title: Global Value Chains in the Era of Digital Economy: Trends, Risks and Countermeasures Abstract: The new technological revolution has not only created the digital economy, but has also accelerated the digital transformation of global value chains (GVCs). Digital technologies have reshaped the specialization within global value chains by reducing costs, enabling industrial chains and increasing added value in exports. However, GVCs also face salient risks in the digital economy era, as re?ected in their spatial layouts. The enabling e?ect of digital technologies has led to the shortening and reshoring of global value chains. In value chain governance, dominant countries have imposed technological embargoes on ascendant countries, depriving them of key technologies. In the distribution of value, the imbalances in the specialization within GVCs and digital divides have aggravated global economic inequities. Given the new characteristics and risks of GVCs in the era of the digital economy, as well as the "dual circulation" development paradigm, China's industrial chains and ?rms moving up the GVCs need to regard data, the ?fth type of production factor, as a key to the enabling e?ect of the digital economy on industries. These measures will advance the digital transformation of traditional industries and the development of the digital industry, as well as allow industrial chains and innovation chains to work in tandem to facilitate favorable domestic circulation. At the ?rm level, enterprises should further develop endogenous innovation capacity to become leaders in innovation and free themselves from dependence on foreign sources for key technologies. Keywords: digital economy, digital technology, global value chains (GVCs), enabling, foreign reliance for key technologies Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 1-23 Volume: 17 Issue: 1 Year: 2022 Month: March File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0001-1 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:1:p:1-23 Template-Type: ReDIF-Article 1.0 Author-Name: QI Junyan Author-Workplace-Name: School of Economics, Tianjin University of Finance and Economics, Tianjin 300221, China Author-Name: REN Yida Author-Workplace-Name: School of Economics, Tianjin University of Finance and Economics, Tianjin 300221, China Title: Digital Economy Development, Institutional Quality and Upstreamness of Global Value Chains Abstract: By building a composite index for measuring national digital economy development and sectoral digital intensities, this paper derives metrics of industry-level digital economy penetration under the framework of specialization within global value chains (GVCs), systematically analyzes the mechanisms through which digital economy development affects GVCs upstreamness, and examines the moderating effect of institutional quality. The study shows that different dimensions of digital economy development significantly boost GVCs upstreamness, a conclusion that holds even after accounting for endogeneity through dynamic panel models with instrumental variables based on past data. Further research shows that technological innovation capabilities and resource allocation efficiency have gradually become important channels for digital economy development to boost GVCs upstreamness. Adding indicators on institutional quality reveals that greater institutional quality not only directly promotes GVCs upstreamness but also reinforces the impact of digital economy development on higher GVCs positioning. Keywords: digital economy, global value chains (GVCs), industry upstreamness, institutional quality Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 24-57 Volume: 17 Issue: 1 Year: 2022 Month: March File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0002-8 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:1:p:24-57 Template-Type: ReDIF-Article 1.0 Author-Name: CHEN Xiaodong Author-Workplace-Name: a Institute of Industrial Economics, Chinese Academy of Social Sciences, Beijing 100005, China; School of Business , Zhengzhou University, Zhengzhou 450001, China; National Competitiveness Institute , Peking University, Beijing 100091, China Author-Name: YANG Xiaoxia Author-Workplace-Name: School of Business , Zhengzhou University, Zhengzhou 450001, China Title: The Impact of Digital Economy Development on the Industrial Structure Upgrading: A Study Based on Grey Relational Entropy and Dissipative Structure Theory Abstract: In recent years, the global booming of the digital economy has become a booster for China's high-quality development. In the digital economy era, the digital upgrading of the industrial structure has become obvious. Based on a grey relational entropy model and dissipative structure theory, our empirical study reveals that the impact of the digital economy on the industrial structure varies over time. Since 2013, the digital economy has become an engine for China's continuous industrial structure upgrading. By comparing the influence of the development of digital industrialization and the industrial digitization on industrial structure upgrading, we find that the former has a foundational leading role in the upgrading of the industrial structure, but the latter has a stronger impact. Therefore, the digital economy is an important driving force being able to lead the future upgrading of the industrial structure. China should rapidly promote the construction of new digital infrastructure and implement strategic spatial layouts for the development of digital industrialization while concurrently accelerating the industrial digitization. This will enable China's economy to achieve higher-quality, more efficient and more secure development in the post-epidemic era. It is also an effective means for accelerating the development of a modern industrial system and will promote the upgrading of the economy. Keywords: digital industrialization, industrial digitization, industrial structure Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 58-86 Volume: 17 Issue: 1 Year: 2022 Month: March File-URL: https://journal.hep.com.cn/fec/EN/10.3868/S060-015-022-0003-5 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:1:p:58-86 Template-Type: ReDIF-Article 1.0 Author-Name: LIU Jiaqi Author-Workplace-Name: School of Economics and Management, Northwest University, Xi'an 710127, China Author-Name: RU Shaofeng Author-Workplace-Name: School of Economics and Management, Northwest University, Xi'an 710127, China Title: How Digital Economy Affects High-Quality Economic Development: Based on International Comparison Abstract: This paper estimates the size of the digital economy in 38 countries between 2005 and 2018 and conducts an empirical study on this foundation. The results show that the digital economy has a significant role in promoting high quality economic development, primarily through industrial digitalizaion. Further research shows regional heterogeneity in the impact of the digital economy, which is greater in developed countries. Analysis of the underlying mechanisms shows that the digital economy promotes high-quality economic development in both developed and developing countries by improving technological efficiency and technological progress. However, the effect of technological progress in developing countries is clearly weaker than that in developed countries. In addition, scale efficiency in developing countries are not strengthened by the digital economy. Therefore, high-quality economic development requires the digital transformation of traditional industries and promoting their integration with digital technologies. Keywords: digital economy, high-quality economic development, total factor productivity, international comparison Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 87-103 Volume: 17 Issue: 1 Year: 2022 Month: March File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0004-2 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:1:p:87-103 Template-Type: ReDIF-Article 1.0 Author-Name: LI Mengna Author-Workplace-Name: School of Economics, Nankai University, Tianjin 300071, China Author-Name: ZHOU Yunbo Author-Workplace-Name: School of Economics, Nankai University, Tianjin 300071, China; Center for Studies of Political Economy, Nankai University, Tianjin 300071, China Title: Effect of Digital Economy Development on Human Capital Structure Abstract: Based on the panel data on 276 prefectural-level cities from 2011 to 2018, this paper uses longitudinal fixed effects models, panel threshold effects and instrumental variables to explore the relationship between digital economy development and human capital structure advancement. In addition, this paper examines how the development of the digital economy is related to human capital levels. The results show that digital economy development significantly boosts human capital structure advancement, as well as low-level and high-level human capital. However, the effect of digital economy development on midlevel human capital is not statistically significant. In terms of heterogeneity, we find that digital economy development significantly promotes human capital structure advancement in eastern and central-western regions of China, as well as in core and peripheral cities. Effects on the various levels of human capital show significant differences. Furthermore, digital economy development has a positive effect on human capital structure when industrial structure advancement is low. Past a certain threshold, however, the effect reverses. This paper suggests that each region should accelerate the development of digital infrastructure, rationally promote industrial structure advancement and boost the effectiveness of human resources to achieve high-quality economic development. Keywords: digital economy, human capital, human capital structure advancement, industrial structure advancement, high-quality economic development Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 104 C133 Volume: 17 Issue: 1 Year: 2022 Month: March File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0005-9 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:1:p:104-133 Template-Type: ReDIF-Article 1.0 Author-Name: YAO Zhanqi Author-Workplace-Name: The National Academy of Economic Strategy, Chinese Academy of Social Sciences, Beijing 100006, China Title: The Path and Threshold Effect of Digitalization on the Competitiveness of China's Manufacturing Export Abstract: Since its traditional comparative advantages are on the wane, China should use digital economy to enhance its competitiveness of manufacturing export. Based on microscopic data of various regions in China from 2013 to 2020, this paper studies the relationship between digital economy and China's competitiveness of manufacturing export, the internal mechanism of their influence, and the boundary conditions for the establishment of the relationship between digital economy and competitiveness of manufacturing export. Our conclusions include that: there is a significant positive spatial correlation between digital economy and export competitiveness; digital economy can not only enhance the export competitiveness of the region, but also have a positive impact on that of adjacent regions; innovation efficiency, the accumulation of human capital and synergistic agglomeration exerts a mediating effect when digital economy impacts China's export competitiveness; and with the share of import trade as the threshold variable, the facilitating effect of digital economy on the export competitiveness of the western region is lower than that of the eastern region before the threshold, but significantly higher than that of the eastern , central and northeastern regions as well as the whole country after the threshold. Therefore, China should vigorously promote the construction of new digital infrastructure in the western region, and give full play to the role of new digital infrastructure in promoting trade upgrade. Through the improvement of human capital quality, the centralized development of digital economy and the overall improvement of innovation efficiency, we should gradually improve the international competitiveness of China's export enterprises. Keywords: digital economy, competitiveness of manufacturing export, innovation efficiency Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 134-163 Volume: 17 Issue: 1 Year: 2022 Month: March File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0006-6 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:1:p:134-163 Template-Type: ReDIF-Article 1.0 Author-Name: LIU Mengfei Author-Workplace-Name: International Business School , Shaanxi Normal University, Xi'an 710119, China Author-Name: FENG Jie Author-Workplace-Name: International Business School , Shaanxi Normal University, Xi'an 710119, China Author-Name: LUO Xiaowei Author-Workplace-Name: Business Management Department, the People's Bank of China Xi'an Branch, Xi'an 710002, China Title: RegTech: Theory and Practice in Technology Driven Financial Regulation Abstract: As a disruptive innovation, FinTech has posed risks in the financial industry that are more unidentifiable, sweeping, disruptive and influential. Given these new developments, deeper regulatory reform has become necessary to safeguard national financial security, and prevent and dissolve financial risks. On March 11, 2021, the 14th Five-Year Plan1 endorsed by the Fourth Session of the 13th National People's Congress stressed that China will improve the modern financial regulatory system and shore up our weaknesses in the regulatory system, and boost the application of regulatory technology and financial innovation risk assessment. This marks that the establishment of a technology-driven financial regulatory framework has been put on the agenda. Based on an analysis of the essential implications and drivers of RegTech innovation, this paper discusses the theoretical logic of RegTech innovation. Technology enables intelligent regulatory processes, efficient information processing and robust risk control. The restructuring of the regulatory system has revealed shifts in regulatory paradigms. These include a shift from passive response to proactive change, a shift toward positive interactions between regulators and industry players, as well as more close coordination among regulators. These changes have resulted in more adaptable and efficient regulation. After summarizing foreign experience and Chinese practice, this paper presents optimal pathways for RegTech innovation in China in the following aspects: consolidating the rule-of-law foundation for RegTech innovation, speeding up institutional reforms, improving policy services, strengthening infrastructure development, and building multiparty cooperation mechanisms. This study serves as a reference for building a technology-centric modern financial regulatory system and a sound environment for FinTech development. Keywords: FinTech, RegTech, financial innovation, financial regulation Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 164-187 Volume: 17 Issue: 1 Year: 2022 Month: March File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0007-3 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:1:p:164-187 Template-Type: ReDIF-Article 1.0 Author-Name: ZHANG Zhongxiang Author-Workplace-Name: Ma Yinchu School of Economics, Tianjin University, Tianjin 300072, China Title: China and the World under the Goals of Carbon Peaking and Carbon Neutrality: Green and Low-Carbon Transition, Green Finance, Carbon Market, and Carbon Border Adjustment Mechanism Abstract: China has always tried to maintain multilateralism and advocated working together to deal with global climate change through multilateral mechanisms. Although China's announcement to peak its carbon emissions by 2030 comes as no surprise, its commitment to carbon neutrality does. As the period between its carbon peaking and carbon neutrality is far shorter than that in the developed countries, China's economic and energy structures need to be adjusted toward the low-carbon and carbon-free end with unprecedented efforts. To that end, China should define the responsibilities of local authorities and industrial entities to promote the orderly accomplishment of carbon peaking in all regions and industries. To supply the huge investments needed to achieve the goals of carbon peaking and carbon neutrality, China has an urgent need to accelerate the development of green finance and a national carbon emissions trading market, guide the rational allocation of resources, and channel resources to eco-friendly projects for green and low-carbon development. At the same time, China and the international community should strengthen dialogue and coordination, promote international cooperation on the way to carbon neutrality, formulate widely acceptable policy guidelines as soon as possible, and avoid unilateral measures that may cause conflicts. Keywords: carbon peaking, carbon neutrality, carbon market, green and lowcarbon transition, carbon border adjustment mechanism Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 189-211 Volume: 17 Issue: 2 Year: 2022 Month: June File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0008-0 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:2:p:189-211 Template-Type: ReDIF-Article 1.0 Author-Name: LU Chuanyi Author-Workplace-Name: Institute of Nuclear and New Energy Technology, Tsinghua University, Beijing 100084, China Author-Name: CHEN Wenying Author-Workplace-Name: Institute of Economics, Energy and Environment, Tsinghua University, Beijing 100084, China Title: Scenario of China Reaching Carbon Peaking ahead of Schedule and Its Effect on Macro Economy Abstract: At the 75th session of the United Nations General Assembly (UNGA) in 2020, China put forward the goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060, a move to lead global response to climate change that has attracted wide attention and hot comments at home and abroad. Therefore, it is of great practical significance and academic value to explore ways of achieving carbon peaking ahead of schedule and study the macroeconomic effect. This paper, based on Energy, Environment and Economy recursive dynamic computable general equilibrium model (TECGE), a dynamic computable general equilibrium model, carries out a quantitative analysis of the effect of strengthening carbon peaking commitment on China's future macro economy. By setting up four scenarios, namely carbon peaking of 10.8 billion tons, 10.7 billion tons, 10.58 billion tons and 10.36 billion tons in 2030, 2027, 2025, and 2023, it examines the effects of carbon peaking ahead of schedule and carbon peaking in 2030 on macro economy. The findings show that, compared with the 2030 benchmark, the more ahead of schedule carbon peaking is achieved, the higher the carbon tax prices, and that though GDP and other macroeconomic variables, such as aggregate consumption, aggregate imports and exports decline, the share of the tertiary industry increases. That is, the more ahead of schedule carbon peaking is achieved, the more macroeconomic variables decline, and the more the share of the tertiary industry rises. This paper, using computable general equilibrium (CGE) model to conduct a quantitative analysis of the macroeconomic effect, makes policy recommendations for carbon peaking ahead of schedule and high-quality economic development. Keywords: carbon peaking ahead of schedule, computable general equilibrium (CGE), carbon tax, macro economy Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 212 C244 Volume: 17 Issue: 2 Year: 2022 Month: June File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0009-7 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:2:p:212-244 Template-Type: ReDIF-Article 1.0 Author-Name: CHEN Shiyi Author-Workplace-Name: School of Economics, Anhui University, Hefei 230601, China; School of Economics, Fudan University, Shanghai 200433, China Author-Name: QI Yu Author-Workplace-Name: School of Public Finance and Taxation, Zhongnan University of Economics and Law, Wuhan 430073, China (Corresponding author) Title: Study on Medium- and Long-Term Fiscal Policies to Cope with Climate Change under the Dual Carbon Goals Abstract: Carbon peaking and carbon neutrality constitute an extensive, profound and systemic economic and social change. It is worthwhile to explore how fiscal policy, as a key institutional arrangement in the public policy system to cope with climate change, can play a fundamental and pillar role. Based on literatures, theories and empirical materials, this paper systematically explores the relationship between climate change and public finance. The fiscal impact of climate change will eventually be reflected in fiscal behavior, fiscal costs and fiscal relations, and the fiscal system has the adaptability of an automatic stabilizer and the proactiveness to enable the Discretionary Approaches function when facing climate change impacts. This implies such a governance logic of fiscal policy that is systematic, forward-looking and flexible in addressing climate change. In the future, it is necessary to further incorporate climate change or related environmental factors into the fiscal policy framework, target the two key aspects of mitigation and adaptation, and carry out a holistic, systematic and forward-looking reform of the existing fiscal expenditure policy, fiscal revenue policy, fiscal investment and financing policy, government budget system, government procurement policy and ecological compensation policy. While highlighting the governance function of fiscal policy in addressing climate change, Chinese government needs to strengthen the coordination and collaboration between fiscal policy tools and other public policies, and magnify the governance effectiveness of fiscal policy in the process of addressing climate change. This paper helps understand the positioning, role and influence of fiscal policy in the process of addressing climate change, provides a basis for better playing the fundamental and underpinning role of the modern fiscal system in the governance of ecological civilization, and presents an analytical framework for building a theoretical system of ecological fiscal governance. Keywords: climate change, dual carbon goals, fiscal policy, policy coordination, mechanism design Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages:245 C289 Volume: 17 Issue: 2 Year: 2022 Month: June File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0010-1 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:2:p:245-289 Template-Type: ReDIF-Article 1.0 Author-Name: QIAO Xiaonan Author-Workplace-Name: School of Economics, Nankai University, Tianjin 300071, China; Collaborative Innovation Center for China Economy, Nankai University, Tianjin 300071, China Author-Name: PENG Lizheng Author-Workplace-Name: School of Economics, Nankai University, Tianjin 300071, China Title: Carbon Peaking, Carbon Neutrality and Green and Low-Carbon Development of China's Economy Abstract: The successively proposed carbon peaking and carbon neutrality have not only set new goals for the green and low-carbon development of China's economy, but also demonstrated China's further determination and sense of responsibility for a greater contribution to address global climate change. Considering the importance of carbon peaking and carbon neutrality in the course of achieving the Second Centenary Goal (1949-2049), it is necessary for China to make scientific planning for the roadmap of carbon emission reduction, carbon peaking and carbon neutrality to ensure building a great modern socialist country under carbon constraints. More specifically, the optimization and realignment of energy structure, industrial structure, production and consumption structure, the rational planning of afforestation, and the vigorous development of global carbon emissions trading will be the core strategies for boosting green and low-carbon development of China's economy. Keywords: carbon peaking, carbon neutrality, carbon emission reduction, green and low-carbon development Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 290 C324 Volume: 17 Issue: 2 Year: 2022 Month: June File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0011-8 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:2:p:290-324 Template-Type: ReDIF-Article 1.0 Author-Name: WANG Yongzhong Author-Workplace-Name: Institute of World Economics and Politics, Chinese Academy of Social Sciences, Beijing 100732, China Title: The Goals of Carbon Peaking and Carbon Neutrality and China's New Energy Revolution Abstract: Based on the full consideration of both domestic and global environments and conditions, the adherence to the conviction that lucid waters and lush mountains are invaluable assets, and the comprehensive weighing of pros and cons, the Chinese government has made a major strategic decision to achieve the goals of carbon peaking and carbon neutrality, which is crucial to the overall green transformation of the economy and society and the long-term benefits of the Chinese nation. With the new energy revolution and energy mix diversification driven by the carbon peaking and carbon neutrality goals, nonfossil energy sources centered on photovoltaic energy will gradually dominate the energy mix, while the status of electricity and hydrogen energy will be significantly enhanced and the consumption of coal and petroleum will decline significantly. Carbon peaking and carbon neutrality goals are both challenges and opportunities for China. Specific challenges are embodied in the large pressure of economic and energy restructuring, the rising manufacturing costs, the difficulties in withdrawing coal-fired power stations, the possibility of unstable grid operations due to large-scale integration of photovoltaic and wind power into the power distribution network, and the supply risks of key metals, while specific opportunities are emerging in the strong competitiveness of photovoltaic and wind power equipment, lower dependence on foreign petroleum and gas supply and accelerated low-carbon green transformation. China should strengthen the top-level design of the path to achieve carbon peaking and carbon neutrality, encourage innovation of green low-carbon technologies, accelerate economic and energy restructuring, strictly restrict the construction of new high-emission and energy-intensive projects, and steadily promote the adjustment and withdrawal of the existing high-emission and energy-intensive projects. Keywords: carbon peaking, carbon neutrality, new energy revolution, low carbon transition, low-carbon economy Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 325 C344 Volume: 17 Issue: 2 Year: 2022 Month: June File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0012-5 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:2:p:325-344 Template-Type: ReDIF-Article 1.0 Author-Name: WANG Huiqing Author-Workplace-Name: Research Institute of Bank of China, Beijing 100818, China Title: International Experience, China's Development and Prospect of Carbon Market Construction Abstract: Carbon market, which is capable of scientific quantifying and marked-based pricing of carbon emission, is an important way for countries to achieve the target of carbon emission reduction. The global carbon market, after more than ten years of development, has developed a mature mechanism. China started the trial of carbon market in 2011. After ten years of exploration, the national carbon trading market was officially launched in mid-July 2021. Against the backdrop of carbon neutrality, the national carbon market will shoulder a greater mission of carbon emission reduction and speed up its financialization and internationalization. However, it should take a dialectical attitude toward the opportunities and risks of carbon market financialization. In the future, China can promote the development of carbon market through efforts to develop market participants, clarify the attributes of carbon finance, prevent potential risks of carbon finance, improve the connection mechanism with the international carbon market, and innovate carbon finance services. Keywords: carbon market, international experience, carbon trading, risk of carbon finance Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 345-367 Volume: 17 Issue: 2 Year: 2022 Month: June File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0013-2 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:2:p:345-367 Template-Type: ReDIF-Article 1.0 Author-Name: SUN Qixiang Author-Workplace-Name: School of Economics, Peking University, Beijing 100871, China Author-Name: ZHOU Xinfa Author-Workplace-Name: School of Economics, Peking University, Beijing 100871, China Title: Technological Innovation and High-Quality Economic Development Abstract: Linking technological innovation with high-quality economic development is a complex process. So far, there has been little academic research on the mechanism and internal law of technological innovation related to highquality economic development. After streamlining the research context of technological innovation in the deductive development of economic growth theory, this paper summarizes and extracts the core connotation of high-quality economic development from the concept of high-quality development and at micro, meso and macro dimensions. The internal law of technological innovation promoting high-quality economic development is revealed from six aspects, including total factor productivity, supply of high-quality products and services, industrial structure upgrading, consumption structure upgrading, resources and environment, and promoting social equity. This paper then puts forward policy recommendations for technological innovation promoting high-quality economic development at micro, meso and macro dimensions. Microscopically, organizations including R&D enterprises, universities and research institutes should have their creativity enhanced; mesoscopically, the levels of industrial chain, value chain and regional technological innovation growth pole should be improved; and macroscopically, China should raise its overall technology competitiveness in the world for high-quality economic development driven by technological innovation. This paper proposes six issues on technological innovation related to high-quality development that deserve in-depth discussion, including identifying the standards and boundaries of innovation, capturing the orientation of technological innovation, and raising the rate of transforming technological innovation achievements, etc. Keywords: technological innovation, high-quality development, mechanism, internal law Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 369-392 Volume: 17 Issue: 3 Year: 2022 Month: September File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0014-9 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:3:p:369-392 Template-Type: ReDIF-Article 1.0 Author-Name: ZHAO Tao Author-Workplace-Name: School of Public Finance and Taxation, Central University of Finance and Economics, Beijing, 100081, China; Institute of China's Internet Economy, Central University of Finance and Economics, Beijing, 100081, China Author-Name: ZHANG Zhi Author-Workplace-Name: Business School, Nanjing University, Nanjing 210093, China Author-Name: LIANG Shangkun Author-Workplace-Name: School of Accountancy, Central University of Finance and Economics, Beijing 100081, China Title: Digital Economy, Entrepreneurship, and High-Quality Economic Development: Empirical Evidence from Urban China Abstract: The paper discusses the effects of the digital economy on high-quality urban development and its mechanism. Theoretically, the digital economy can empower high-quality development by boosting entrepreneurial vitality. Empirically, the paper measures the overall level of the digital economy and high-quality development of the 222 Chinese cities at and above the prefecture level during 2011 C2016, depicts the entrepreneurial vitality of the cities with the microscopic data of the business registration information and makes quantitative analysis on this basis. The result shows: Digital economy has remarkably improved high-quality development and this conclusion still exists after the robustness test selecting historical data as the instrumental variables and the Broadband China pilot policy as the quasi experiment. The analysis of the mechanism of action indicates that encouraging public entrepreneurship is an important mechanism of the digital economy to release the dividend of highquality development. Finally, thanks to the threshold model and the spatial model, it is found that the positive effect of the digital economy has the characteristics of nonlinear increment and spatial spillover of the marginal effects. The research of the paper stimulates the reasons for high-quality development and the understanding of the effects, mechanisms and regional differences of high-quality development empowered by the digital economy. Keywords: digital economy, entrepreneurship, high-quality development, "Broadband China" pilot policy Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 393-426 Volume: 17 Issue: 3 Year: 2022 Month: September File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0015-6 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:3:p:393-426 Template-Type: ReDIF-Article 1.0 Author-Name: LONG Shaobo Author-Workplace-Name: School of Public Policy and Administration, Chongqing University, Chongqing 400044, China; Institute of Chinese Economic Practice and Thinking, Tsinghua University, Beijing 100084, China Author-Name: ZHANG Mengxue Author-Workplace-Name: School of Public Policy and Administration, Chongqing University, Chongqing 400044, China Author-Name: CHEN Lu Author-Workplace-Name: School of Public Policy and Administration, Chongqing University, Chongqing 400044, China Title: Influence of Technology Change on High-Quality Economic Development in China Abstract: Since the implementation of the reform and opening up policy, rapid growth has been witnessed in the Chinese economy, thanks to the introduced technological progress as well as the institutional advantages of the country. However, while this exogenous technological progress promotes economic growth quantitatively, it is, unfortunately, not conducive to the improvement of the quality of the economy. Structural imbalances have thus been produced, which hinder the high-quality development of the economy of the country. Besides, by way of the supply and demand rebalance mechanism, resource optimized allocation mechanism, and new and old kinetic energy conversion mechanism, original technological progress can effectively push forward the quality change, efficiency change and dynamic change in the economy, thereby promoting the innovation, coordination, greenness and openness as well as the shared development of the economy. Therefore, the current technological transformation in China needs to change from the second stage the stage of transition from the introduced technological progress mode to the original technological progress mode then to the third stage the stage mainly based on the original technological progress, which is the key to the successful transformation of the Chinese economy from the high-speed growth phase to the high-quality development phase. Keywords: high-quality economic development, original technological progress, introduced technological progress Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 427-455 Volume: 17 Issue: 3 Year: 2022 Month: September File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0016-3 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:3:p:427-455 Template-Type: ReDIF-Article 1.0 Author-Name: HONG Tao Author-Workplace-Name: School of Economics and Management, Harbin Institute of Technology, Harbin 150001, China Author-Name: TAO Sijia Author-Workplace-Name: School of Economics and Management, Harbin Institute of Technology, Harbin 150001, China Author-Name: LU Sihan Author-Workplace-Name: School of Economics and Management, Harbin Institute of Technology, Harbin 150001, China Author-Name: MA Tao Author-Workplace-Name: School of Economics and Management, Harbin Institute of Technology, Harbin 150001, China Title: Promoting the Role of RCEP in Boosting the High-Quality Development of Chin's Digital Economy Abstract: As the largest free trade agreement in the world at present, the Regional Comprehensive Economic Partnership (RCEP) has made provisions for cross-border e-commerce, regional trade cooperation, data and intellectual property protection, providing new opportunities for the digital economy development with its functions of optimizing factor resource allocation, accelerating the upgrading of industrial chains and value chains, and pushing close collaboration in international trade. This research consists of mechanism analysis, risk assessment and policy suggestions. First, it analyzes the mechanism of RCEP in promoting the development of the digital industry from three dimensions, namely dual-circulation of digital industry, spatial cooperation of digital economy and digital tariff guarantee, and explores the compatibility between the provisions of the RCEP agreement and the high-quality development of the digital economy. Second, it interprets the digital rules from the intention of digital rules, domestic knowledge legislation background of the parties, the effectiveness of digital regulation and coordination in the agreement, and the external environment; it analyzes the challenges that RCEP brings to China. Finally, this paper puts forward suggestions on how to promote high-quality development of China’s digital economy with RCEP. Keywords: digital economy, digital trade, digital rules, RCEP, high-quality economic development Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 456-472 Volume: 17 Issue: 3 Year: 2022 Month: September File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0017-0 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:3:p:456-472 Template-Type: ReDIF-Article 1.0 Author-Name: SONG Deyong Author-Workplace-Name: School of Economics, Huazhong University of Science and Technology, Wuhan 430074, China Author-Name: ZHANG Qi Author-Workplace-Name: Institute for Yangtze River Delta and Yangtze River Economic Belt Development, Shanghai University of Finance and Economics, Shanghai 200433, China (corresponding author) Title: The Evolution and Driving Force on Integrating Environmental Protection and High-Quality Economic Development Abstract: An index system is constructed to measure the integration of environmental protection and high-quality economic development in different cities in China from 2006 to 2018, and to explore its evolution and driving forces. From the three dimensions of integration foundation, integration depth and integration performance, this paper adopts AHP-Entropy combined weighting method to build the integration index. In addition, this paper comprehensively uses exponential decomposition, comparative analysis and σ convergence and divergence analysis to explore the spatio-temporal differences and dynamic mechanisms. The results show that the overall integration level of China’s cities continues to improve, of which technological progress is the core driving force, the transformation of development mode is a crucial path, and the intensity of environmental governance is the key support. The evolution and driving forces of the integration level of first-tier cities, new first-tier cities and other cities are significantly different. Promoting integration level is a critical way for resource-based cities to break the resource curse. Urban agglomeration integration led by the growth pole can effectively improve the overall regional integration level. This paper innovates that the relationship between environmental protection and high-quality economic development is discussed from the perspective of integration, and the paths to improve the integration level of resource-based cities and urban agglomerations are identified. This paper is helpful to clarify the differences in integration levels and driving forces of different cities, and provide a reference value for the precise implementation of high-quality development and "beautiful China." Keywords: environmental protection, high-quality economic development, integration index, cities Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 473-515 Volume: 17 Issue: 3 Year: 2022 Month: September File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0018-7 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:3:p:473-515 Template-Type: ReDIF-Article 1.0 Author-Name: DING Shouhai Author-Workplace-Name: School of Applied Economics, Renmin University of China, Beijing 100872, China Author-Name: XU Zheng Author-Workplace-Name: School of Applied Economics, Renmin University of China, Beijing 100872, China Title: Exploring the Path of High-Quality Economic Development in a Double-Circulation Pattern Abstract: Since the start of the reform and opening up in 1978 China’s economy has grown rapidly, but the quality of development is relatively low. With the transformation of the principal social contradiction, low-quality development cannot respond to the needs of this situation. The central authorities proposed a new development pattern whereby domestic circulation and international circulation can boost each other, with domestic circulation as the mainstay. In the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China (CPC), the CPC Central Committee stressed that we should promote high-quality development as the theme to meet the growing needs of people for a better life. To solve the problem of inconsistent economic growth rate and quality of development, this paper starts by adjusting the relationship between domestic circulation and international circulation with domestic circulation as the mainstay, discusses how to create conditions for consumption upgrading and industrial upgrading from both supply and demand ends, and expounds on how to use international circulation to promote domestic circulation and better bring in international forces, so as to explore how to achieve high-quality economic development under the double-circulation pattern. Besides, the paper puts forward corresponding countermeasure suggestions. Keywords: double-circulation, high-quality economic development, demand side, supply side Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 516-534 Volume: 17 Issue: 3 Year: 2022 Month: September File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0019-4 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:3:p:516-534 Template-Type: ReDIF-Article 1.0 Author-Name: GUO Kesha Author-Workplace-Name: School of Economics and Finance, Huaqiao University, Xiamen 361021, China Title: Driving Economic Growth with High-Quality Development of Manufacturing Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 535-540 Volume: 17 Issue: 3 Year: 2022 Month: September File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0020-8 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:3:p:535-540 Template-Type: ReDIF-Article 1.0 Author-Name: ZHANG Xu Author-Workplace-Name: Institute of Economics, Chinese Academy of Social Sciences, Beijing 100836, China Title: Foundation and Direction of High-Quality Development of China’s Economy Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 541-547 Volume: 17 Issue: 3 Year: 2022 Month: September File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0021-5 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:3:p:541-547 Template-Type: ReDIF-Article 1.0 Author-Name: LIU Wei Author-Workplace-Name: School of Economics, Renmin University of China, Beijing 100872, China; School of Economics, Peking University, Beijing, 100871, China Title: The Next Five Years (2022–2027) Will Be Crucial for Building a Modern Socialist Country in All Respects: Implications from the Report to the 20th National Congress of the CPC Abstract: As pointed out in the Report to the 20th National Congress of the Communist Party of China (CPC), the next five years (2022–2027) will be crucial for beginning to build a modern socialist country in all respects. Firstly, the next five years will be a period of historical transition in the central task of the CPC. The central task of the CPC will be to realize the Second Centenary Goal of building China into a great modern socialist country in all respects. At this crucial stage for getting our efforts off to a good start, China should understand and pursue the Five-Sphere Integrated Plan to advance the rejuvenation of the Chinese nation on all fronts through a Chinese path to modernization. Secondly, the next five years will be a period of deep reform in which strategic opportunities, risks and challenges are concurrent. Alongside a new round of scientific and technological revolution and industrial transformation well underway, the new principal contradiction facing Chinese society, a historical transition in the central task of the CPC, and a shift in the international balance of power, profound and complex changes are taking place in China’s internal and external environment for development. Uncertainties and unforeseen factors are rising and must be dealt with appropriately. Thirdly, the next five years will be a key period of achieving China’s overall development objectives for 2035. It is a paramount stage of meeting the 14th Five-Year Plan goals, formulating the 15th Five-Year Plan goals, and realizing Chinese modernization by 2035. China should uphold the CPC’s overall leadership, follow the path of socialism with Chinese characteristics, apply a people-centered development philosophy, remain committed to deepening reform and opening up, and carry forward our fighting spirit. Fourthly, the next five years will be a crucial period of accelerating the creation of a new pattern of development and pursuing high-quality development. Chinese modernization should be advanced through a series of strategic initiatives, such as building a high-standard socialist market economy, modernizing the industrial system, propelling rural revitalization across the board, promoting coordinated regional development, and boosting high-standard opening up. Fifthly, the next five years will be an impact period of unprecedented downward pressure on the national economy under various factors and risks beating expectations. In order to achieve the 14th Five-Year Plan goals and the overall development objectives by 2035, it is necessary to defuse the threefold pressure composed of increasing demand shrinkage, supply shocks and flagging market expectations, as well as intensifying potential risks. To accomplish the main objectives and tasks for the next five years, it is necessary to observe objective laws, apply the new development philosophy, continue to pursue economic development as central task, adopt system-based thinking, take steady steps to sustain progress, and promote high-quality development in a scientific and effective manner. Keywords: 14th Five-Year Plan, downward pressure on the economy, Chinese modernization, high-quality development, steady steps to sustain progress Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 549-562 Volume: 17 Issue: 4 Year: 2022 Month: December File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0022-2 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:4:p:549-562 Template-Type: ReDIF-Article 1.0 Author-Name: SUN Shaoyong Author-Workplace-Name: School of Economics, Renmin University of China, Beijing 100872, China; School of Economics, Peking University, Beijing, 100871, China Title: Logic and Theory Construction of Advancing and Expanding Chinese Modernization Abstract: Advancing and expanding Chinese modernization is an inherent requirement and fundamental guarantee for building a great modern socialist country in all respects and realizing the great rejuvenation of the Chinese nation. By systematically grasping the logical clue of advancing and expanding Chinese modernization, and realizing the great rejuvenation of the Chinese nation, from the perspectives of theoretical implication, historical evolution, and practical position, the Communist Party of China (CPC) can clarify the direction and goals of advancing and expanding Chinese modernization, and deepen our understanding of the world modernization path based on advancing people-centered modernization in all respects by putting the people first, highlighting distinctive advantages of Chinese modernization by standing on Chinese own feet, and adhering to peaceful development, and analyze the underlying value concepts for advancing and expanding Chinese modernization. In terms of practical approach, Chinese modernization can be advanced in a stable and far-reaching manner, and new glories can be created only by further strengthening the guidance of the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era on Chinese modernization, upholding and enhancing the CPC’s overall leadership in the whole process of Chinese modernization, promoting high-quality economic and social development to empower and strengthen the foundation of the stability and success of Chinese modernization, and actively seizing the strategic opportunity to advance Chinese modernization under the great changes unseen in a century, so that a solid inherent impetus and a supporting guarantee for the construction of a great modern socialist country in all aspects and the realization of the great rejuvenation of the Chinese nation can be provided. Keywords: Chinese modernization, building a great modern socialist country in all respects, great rejuvenation of the Chinese nation Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 563-586 Volume: 17 Issue: 4 Year: 2022 Month: December File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0023-9 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:4:p:563-586 Template-Type: ReDIF-Article 1.0 Author-Name: SUN Rui Author-Workplace-Name: Chinese Academy of Personnel Science, Ministry of Human Resources and Social Security of China, Beijing 100101, China Title: Manifesting the Role of Talents in Offering Strategic Support Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 587-590 Volume: 17 Issue: 4 Year: 2022 Month: December File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0024-6 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:4:p:587-590 Template-Type: ReDIF-Article 1.0 Author-Name: DONG Zhiyong Author-Workplace-Name: School of Economics, Peking University, Beijing 100871, China Author-Name: LI Chengming Author-Workplace-Name: School of Economics, Minzu University of China, Beijing 100081, China; China Institute for Vitalizing Border Areas and Enriching the People, Minzu University of China, Beijing 100081, China Title: High-Quality Development Trend and Path Choice of Specialized, Sophisticated, Distinctive and Novel SMEs Abstract: Small and medium-sized enterprises (SMEs) are key contributors to technological innovation. As China’s vanguard for self-reliance and strength in science and technology, specialized, sophisticated, distinctive and novel (SSDN) SMEs have grown into an important motivation for high-quality development, a key stabilizer for the new development paradigm, and a vital force for an innovation-driven China. In recent years, China has been ramping up support for SSDN SMEs, and raised the focus on their development to a new level. At present, some problems and obstacles are befalling the high-quality development of SSDN SMEs, such as imperfect innovation system and mechanism, weak basic research service capabilities, a digital divide in digital transformation, and insufficient vitality of collaboration among players in the innovation ecosystem. In the future, China should promote the high-quality development of SSDN SMEs from system and mechanism, basic input, business environment, and digital empowerment. Specifically, China should increase policy support to consolidate the institutional guarantee for innovative development, build more platforms to form a dynamic innovation ecology, enhance intellectual property protection to spur entrepreneurship, and ramp up upgrading and transformation for the quality and efficiency improvement of traditional enterprises. Keywords: specialized, sophisticated, distinctive and novel SMEs, high-quality development, technological innovation, digital transformation, bottlenecks Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 591-614 Volume: 17 Issue: 4 Year: 2022 Month: December File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0025-3 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:4:p:591-614 Template-Type: ReDIF-Article 1.0 Author-Name: CHEN Zhangxi Author-Workplace-Name: College of Economics, Jinan University, Guangzhou 510632, China; Economic Development Research Center on Guangdong-Hong Kong-Macao Greater Bay Area, Jinan University, Guangzhou 510632, China; Center on Economic, Social and Regional Cooperation, Macao Research Institute, Jinan University, Guangzhou 510632, China Author-Name: ZHUANSUN Guanhua Author-Workplace-Name: College of Economics, Jinan University, Guangzhou 510632, China Title: Study on Coupling Coordination between Sci-Tech Innovation and High-Quality Economic Development in the Guangdong-Hong Kong-Macao Greater Bay Area Abstract: Sci-tech innovation is an important measure for the Guangdong–Hong Kong–Macao Greater Bay Area to achieve high-quality economic development. Theoretically, there is a coupling coordination relationship between sci-tech innovation and high-quality economic development, and coordinating the relationship between the two is beneficial to building the Guangdong–Hong Kong–Macao Greater Bay Area into an international innovation and technology hub and promoting high-quality economic development. At present, the Guangdong–Hong Kong–Macao Greater Bay Area has seen a year-on-year increase in both the level of sci-tech innovation and the level of high-quality economic development, with a sound development trend. Its coupling coordination degree between sci-tech innovation and high-quality economic development has steadily improved from a slightly uncoordinated stage to a primarily coordinated stage, but the overall degree of coordination is still not high, with some gaps from realizing the excellently coordinated stage. From the perspective of spatial distribution, the internal development of the Guangdong–Hong Kong–Macao Greater Bay Area is unbalanced, with obvious differences in development level and coupling coordination degree among cities. The convergence analysis shows that the differences in the coupling coordination degree among the cities in the Guangdong–Hong Kong–Macao Greater Bay Area have stabilized after narrowing during the study period. However, the difference among the cities with higher coupling coordination degrees tends to widen in recent years. Therefore, necessary measures should be taken to promote the coordination between sci-tech innovation and high-quality economic development in the Guangdong–Hong Kong–Macao Greater Bay Area. Keywords: sci-tech innovation, high-quality economic development, coupling coordination, Guangdong–Hong Kong–Macao Greater Bay Area Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 615-642 Volume: 17 Issue: 4 Year: 2022 Month: December File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0026-0 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:4:p:615-642 Template-Type: ReDIF-Article 1.0 Author-Name: GE Heping Author-Workplace-Name: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China Author-Name: WU Fuxiang Author-Workplace-Name: School of Economics, Nanjing University, Nanjing 210093, China Title: Digital Economy Enables High-Quality Economic Development: Theoretical Mechanisms and Empirical Evidence Abstract: Digital economy has become the primary motivation for high-quality economic development. Upon comprehensively analyzing the connotation of digital economy, this paper constructs an evaluation system from development environment, digital industrialization, industrial digitalization, and digital governance to measure China’s digital economy index from 2016 to 2018 using the entropy-based TOPSIS method. Also, based on the improved Feder dual sector model, this paper discusses the theoretical mechanism of digital economy promoting high-quality economic development directly and through improving economic efficiency and economic structure, and carries out an empirical test. According to findings, on the one hand, China is scaling up digital economy and accelerating digital transformation; on the other hand, the greater the likelihood that high-quality economic development is constrained by low economic efficiency and unreasonable economic structure, the greater the role of digital economy in promoting high-quality economic development. Therefore, this paper puts forward recommendations for China's high-quality economic development, such as advancing new infrastructure construction, developing digital economy, improving economic efficiency and economic structure, and transforming the government governance model. Keywords: digital economy, economic efficiency, economic structure, high-quality economic development Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 643-668 Volume: 17 Issue: 4 Year: 2022 Month: December File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0027-7 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:4:p:643-668 Template-Type: ReDIF-Article 1.0 Author-Name: REN Baoping Author-Workplace-Name: Business School, Nanjing University, Nanjing 210093, China Author-Name: LI Peiwei Author-Workplace-Name: Institute of Economic Development on Western China, Northwest University, Xi’an 710127, China Title: The Mechanism and Path for Digital Economy to Foster New Drivers for High-Quality Economic Development in China Abstract: As traditional drivers fade, cultivating new drivers has become the key to the high-quality development of China’s economy. In the new round of scientific and technological revolution and industrial transformation, the digital economy plays a strategic role in promoting high-quality economic development in China, by using data as a new key production factor and innovation as the driving force, and driving impetus change, efficiency change and quality change to increase total factor productivity. The mechanism for the digital economy to cultivate new drivers for the high-quality development of China’s economy is through four dimensions, namely allocation optimization, economies of scale, industrial integration, and innovation-driven growth. In the context of the digital economy, accelerating the cultivation of new drivers calls for the following efforts: speeding up digital innovation and promoting the driving force change, efficiency change, and quality change; accelerating the process of digital industrialization and pushing advanced industrial basic capabilities; using industrial digital transformation to promote the modernization of the industrial chain; and advancing the high-quality development of the manufacturing industry, and promoting the deep integration of the digital economy and the real economy. Keywords: digital economy, high-quality economic development, new driver, innovation-driven Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 669-696 Volume: 17 Issue: 4 Year: 2022 Month: December File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0028-4 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:4:p:669-696 Template-Type: ReDIF-Article 1.0 Author-Name: YUE Yujun Author-Workplace-Name: School of Management, Nanjing University of Posts and Telecommunications, Nanjing 210003, China Author-Name: MENG Miao Author-Workplace-Name: School of Management, Nanjing University of Posts and Telecommunications, Nanjing 210003, China Author-Name: JI Min Author-Workplace-Name: School of Management, Nanjing University of Posts and Telecommunications, Nanjing 210003, China Title: Internet, Technological Innovation and High-Quality Economic Development Abstract: Using the panel data of 29 provinces in China from 2015 to 2018, this paper analyzes the impact of the internet, technological innovation, and their interaction on high-quality economic development. As the results show, the internet and technological innovation promote economic growth efficiency, economic growth stability, industrial structure optimization, and sustainable development level, where technological innovation promotes more significantly but hinders the economic welfare level to some extent; the interaction between the internet and technological innovation has a significant positive correlation with high-quality economic development and strengthens the promotion of technological innovation on high-quality economic development; human capital plays a significant role in promoting all aspects of high-quality economic development, while fiscal expenditure has no significant impact on high-quality economic development. Therefore, the internet should be leveraged to drive technological innovation capacity, and better play the guiding role of the government. Keywords: internet, technological innovation, high-quality economic development, interaction Journal: Frontiers of Economics in China-Selected Publications from Chinese Universities Pages: 697-712 Volume: 17 Issue: 4 Year: 2022 Month: December File-URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-015-022-0029-1 File-Format: Application/pdf Handle: RePEc:fec:journl:v:17:y:2022:i:4:p:697-712