数字经济、创新效率与经济韧性  

Digital Economy,Innovation Efficiency,and Economic Resilience

作　　者：王子睿 李恒[2] 刘钧霆[3] WANG Zi-rui;LI Heng;LIU Jun-ting(School of International Economics and Trade,Henan University of Economics and Law,Zhengzhou 450046;School of Economics,Henan University,Kaifeng 475001,Henan;School of Finance and Trade,Liaoning University,Shenyang 110036,China)

机构地区：[1]河南财经政法大学国际经济与贸易学院,河南郑州450046 [2]河南大学经济学院,河南开封475001 [3]辽宁大学金融与贸易学院,辽宁沈阳110036

出　　处：《兰州大学学报(社会科学版)》2025年第1期36-50,共15页Journal of Lanzhou University(Social Sciences)

基　　金：国家社会科学基金青年项目“数字经济背景下全球价值链地位攀升影响我国经济韧性的机理研究”(24CJL011);辽宁省教育厅高校基础科研项目重点攻关项目“全球经贸规则重构与中国产业政策研究”(LJ112410140069)。

摘　　要：选取2015-2022年我国19个省份面板数据,分析了数字经济、创新效率及内部冲击对经济韧性的影响。研究表明,数字经济水平和创新效率提高将会增强经济韧性,稳健性检验和内生性检验后该结论依然成立;房地产销售情况与经济韧性之间呈“倒U”形关系,地方政府偿债负担增加则会削弱经济韧性。异质性分析表明,不同经济发展水平和不同开放程度地区的数字经济水平对经济韧性都有积极的影响,创新效率只在发达地区和高开放地区对经济韧性有正向影响;房地产企业低负债地区数字经济对经济韧性的积极影响相对更大,创新效率对经济韧性的影响无实质性差异;地方政府偿债负担不同的地区数字经济对经济韧性的影响没有明显差异,低偿债负担地区创新效率对经济韧性的影响相对更大。调节效应检验表明,数字经济与创新效率对经济韧性的影响存在协同效应,数字经济或创新效率都可以增强它们对经济韧性影响的整体效果;数字经济和创新效率都可以通过资源配置效应影响经济韧性。Using panel data from 19 Chinese provinces spanning 2015-2022,this study examines the impacts of the digital economy,innovation efficiency,and internal shocks on economic resilience.The findings reveal that improvements in digital economy development and innovation efficiency enhance economic resilience,and this conclusion remains robust after stability and endogeneity tests.An inverted U-shaped relationship is observed between real estate sales and economic resilience,while an increase in local government debt burdens weakens economic resilience.Heterogeneity analysis indicates that the digital economy positively influences economic resilience across regions with varying levels of economic development and openness.However,innovation efficiency only exerts a positive impact on economic resilience in developed and highly open regions.In regions with low corporate debt in the real estate sector,the positive impact of the digital economy on economic resilience is more pronounced,while the effect of innovation efficiency shows no substantial difference.Additionally,the impact of the digital economy on economic resilience does not vary significantly across regions with differing levels of local government debt burdens,but innovation efficiency has a relatively greater impact in regions with low debt burdens.Moderation effect tests confirm the existence of synergistic effects between the digital economy and innovation efficiency in influencing economic resilience.Both factors can amplify their overall impact on resilience,and they improve economic resilience through resource allocation effects.

关 键 词：数字经济 创新效率 经济韧性 协同效应 资源配置效应 地方债务 

分 类 号：F403.8[经济管理—产业经济]