Journal of Guizhou University of Finance and Economics ›› 2025 ›› Issue (02): 12-21.

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Re-measurement of the Integration of China's Digital Economy and Real Economy: New Discoveries from the Depth Integration

CHAO Xiaojing, WANG Yixuan, WANG Chenwei   

  1. School of Economics and Management, Northwest University, Xi'an, Shanxi 710127, China
  • Received:2024-05-08 Published:2025-03-21

Abstract: Digital economy integrates with real economy to foster new productive forces. Existing studies use coordination models, input-output models, and single indicators to measure China's digital-physical integration depth, lacking comprehensive representation. This paper constructs an evaluation index system from two dimensions: digital economy materialization and real economy digitization. It uses "entropy-TOPSIS" method to measure China's overall and provincial digital-physical integration depth from 2012 to 2023. Robustness tests are conducted using "projection tracing-simulated annealing" and other methods. Regional differences and trends are characterized using Dagum Gini coefficient and Kernel density estimation. Findings show: China's digital-physical integration deepens, especially post-2017. The digitization of the real economy aligns with overall integration, while digital economy materialization surges post-2019. Regional disparities in integration depth narrow over time, with inter-regional differences as the main source. Spatial autocorrelation exists in provincial integration development, with a higher probability of upward transfer. Low-level provinces are more influenced by neighbors for upward "leap".These conclusions provide data and policy insights for accelerating China's digital-physical integration and developing new productive forces.

Key words: integration of data and reality, techno-economic paradigm, materialization of digital economy, digitization of real economy

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