The Impact of Digital Economy on Total Factor Productivity of China’s Service Industry

Abstract

As a kind of integrated economy, digital economy has an important impact on the economic growth and production and lifestyle of multiple countries and regions, and plays a significant role in promoting the reconstruction of the international economic pattern. As an important industry of China’s national economy, the service industry is crucial to China’s economic growth. This paper measures the development level of digital economy in provinces and cities through constructing digital economy index system, uses super efficiency SBM-Malmquist model to measure total factor productivity of service industry, and tests the influence effect of digital economy on total factor productivity of Chinese service industry. Finally, the optimization path of digital economy on China’s service industry is proposed.