Digital technology is rapidly integrating into all sectors of economic development, becoming a core driver of high-quality economic growth. Based on panel data covering 31 Chinese provinces over the period 2014-2023, the study employs a fixed-effects specification to analyze whether digital technology facilitates high-quality economic development by optimizing productivity and fostering innovation. In this paper, the logarithm method is also applied to test robustness. After the logarithm of the explained variables is taken, it is brought into the fixed effect model for further benchmark regression. The result is still significant, so the conclusion that digital technology promotes high-quality development of economics is reliable. Meanwhile, the study pointed out that the current digital transformation still faces challenges such as technical barriers, talent gap and insufficient regional coordination. Therefore, Targeted fiscal policy support is critical to accelerating the digital transformation of small and medium-sized enterprises, build a "university-enterprise-scientific research institution" collaborative training system, focus on cultivating compound talents with digital technology and industrial practice ability, and improve the inter-regional digital infrastructure interconnection mechanism to release the greatest potential of digital technology for high-quality development of economic.
Miao et al. (Wed,) studied this question.
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