Reveals optimal computing power allocation impacts GDP in industries, suggesting significant policy implications.
In the digital economy era, computing power, as a novel factor of production, serves as a vital engine for driving high-quality economic development. Building upon China’s traditional 42-sector input–output table, this paper incorporates computing power networks as a new sector to construct a 43-sector dynamic input–output (IO) model. Based on this framework, a Dynamic Stochastic General Equilibrium (DSGE) analysis framework is constructed to systematically reveal the dynamic transmission mechanism of computing power within industrial linkages and capital accumulation. From an energy perspective, energy consumption is implicitly captured through carbon emissions and energy structure, which together reflect the scale, efficiency, and composition of energy use in computing power networks. The findings show that the optimal computing power allocation follows a temporal evolution pattern from the service sector to the manufacturing sector, with ICT manufacturing’s computing power quota reaching 31% by 2030. An investment inflection point occurs in 2026, aligning with the digital infrastructure cycle of China’s 14th Five-Year Plan. The “Eastern Data, Western Computing” strategy reduces unit carbon emissions from computing power by 41%. Policy simulations demonstrate that R&D tax credits generate a 2.9-fold multiplier effect through industrial linkages, boosting GDP by 2.3%. The integrated IO-DSGE framework developed in this study provides a quantitative tool for the full-cycle management of “construction–application–regulation” in computing power networks. It holds significant theoretical value and practical implications for enhancing resource allocation efficiency and promoting green, climate-friendly development.
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Du et al. (2026) studied this question.
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