The impact of digital economy on regional resource allocation efficiency: an analysis based on resource flow speed and direction

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-27 DOI:10.1016/j.frl.2025.107644

Limuge Qi , Lan Yang , Mier Ta

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Abstract

Using provincial panel data from 2013 to 2022, this paper empirically investigates the impact of the digital economy on regional resource allocation efficiency and its underlying mechanism. Results show that the digital economy can break the barriers of time and space, thus enhancing regional resource allocation efficiency. Mediation effect tests reveal that with the enhancement of internet technology and services, the digital economy can enhance transaction efficiency and accelerate resource flows, thereby ultimately improving regional resource allocation efficiency. The development of the digital economy also increases the level of competition among regional firms and promotes the flow of resources toward more efficient sectors to improve resource allocation efficiency. Heterogeneity tests indicate that in comparison to regions having lower levels of financial development, those having lower levels of marketization, and China’s central and western regions, the digital economy has a more significant promoting effect on resource allocation efficiency in regions with higher levels of financial development, those with higher levels of marketization, and in China’s eastern region.

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数字经济对区域资源配置效率的影响——基于资源流动速度和方向的分析

利用2013 - 2022年省级面板数据，实证研究了数字经济对区域资源配置效率的影响及其机制。结果表明，数字经济可以打破时间和空间的障碍，从而提高区域资源配置效率。中介效应检验表明，随着互联网技术和服务的增强，数字经济可以提高交易效率，加速资源流动，最终提高区域资源配置效率。数字经济的发展也提高了区域企业之间的竞争水平，促进资源向效率更高的部门流动，从而提高资源配置效率。异质性检验表明，与金融发展水平较低的地区、市场化程度较低的地区和中国中西部地区相比，数字经济对资源配置效率的促进作用在金融发展水平较高的地区、市场化程度较高的地区和中国东部地区更为显著。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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