Siyuan Bi , Xiangjian Zhang , Guolin Xiao , Hanxi Li
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Marketization, digital economy, and industrial structure transformation: Mechanisms and regional variations
This paper investigates the relationship between the level of marketization, the digital economy, and the transformation of industrial structure. It is found that an elevated level of marketization significantly promotes the transformation of industrial structure, with the digital economy playing a positive moderating role in this process, particularly in developed regions. Industry-finance integration, technological innovation, and consumption upgrading emerge as key mediating variables. Furthermore, the impact of marketization on industrial structure transformation varies across regions, with a more pronounced effect observed in the eastern region.
期刊介绍:
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.