Research on the Marketization of Data Elements Empowering the Digital Development of Industrial Economy

Hongzhao Duan; Ling Wang; Tingting Wu; Jing Wang

doi:10.54097/q73vfy91

Authors

Hongzhao Duan
Ling Wang
Tingting Wu
Jing Wang

DOI:

https://doi.org/10.54097/q73vfy91

Keywords:

Multi period double difference, Data element market, Digitalization of industrial economy

Abstract

As an important part of market-oriented allocation of factors, the construction of data element market is an important way to empower the digital development of industries. Scientific evaluation of its policy effects is of great significance for promoting the construction of "Digital China". This article is based on a sample of 280 prefecture level cities from 2010 to 2021, and considers the establishment of data trading platforms as an exogenous shock. A multi period double difference model is used to deeply examine the impact of market-oriented allocation of data factors on the digitalization of industrial economy. Research has found that in terms of impact, the construction of data element markets has effectively improved the level of industrial digitalization development. However, due to differences in economic development and innovation levels in different regions, the impact varies. Therefore, it is necessary to continuously leverage the role of data element market construction in enhancing the level of industrial digitalization development, improve the construction level of data trading platforms, promote the free flow of data elements, fully utilize the multiple spillover effects of data element market construction, and promote the coordinated development of industrial digitalization between regions.

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