IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i18p13610-d1238029.html
   My bibliography  Save this article

How the Digital Economy Enables Regional Sustainable Development Using Big Data Analytics

Author

Listed:
  • Ruohan Wang

    (School of Business and Economics, Namseoul University, Cheonan 31020, Republic of Korea)

  • Qingjin Wang

    (Business School, Qingdao University, Qingdao 266071, China)

  • Renbo Shi

    (School of Economic and Management, Beihang University, Beijing 100083, China)

  • Kaiyun Zhang

    (Business School, Qingdao University, Qingdao 266071, China)

  • Xueling Wang

    (Business School, Qingdao University, Qingdao 266071, China)

Abstract

The development of the cultural industry cannot be isolated from the efficient integration with the digital economy and digital technology at the current stage of the technological and industrial revolution. This paper constructs an indicator system to measure the sustainable development of the cultural industry and tests the relationship between the digital economy and the sustainable development of the cultural industry using an OLS model based on China’s provincial panel data from 2011 to 2021. The findings of this study suggest that the digital economy can significantly aid in the long-term growth of cultural companies. The process of promoting sustainable development of the cultural industry through the digital economy has also advanced thanks to the government’s strong support. This report also suggests governmental recommendations based on these findings for the sustainable development of China’s cultural industry in the age of the digital economy. This paper theoretically elucidates the mechanism of the role of the digital economy on the sustainable development of the cultural industry, constructs a system of indicators to measure the sustainable development of the cultural industry, and tests the impact of the digital economy on the sustainable development of the cultural industry.

Suggested Citation

  • Ruohan Wang & Qingjin Wang & Renbo Shi & Kaiyun Zhang & Xueling Wang, 2023. "How the Digital Economy Enables Regional Sustainable Development Using Big Data Analytics," Sustainability, MDPI, vol. 15(18), pages 1-16, September.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:18:p:13610-:d:1238029
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/18/13610/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/18/13610/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Li Cui & Ying Hou & Yang Liu & Lu Zhang, 2021. "Text mining to explore the influencing factors of sharing economy driven digital platforms to promote social and economic development," Information Technology for Development, Taylor & Francis Journals, vol. 27(4), pages 779-801, October.
    2. Wen-Jie Yan & Shu-Tang Liu, 2023. "Creative Economy and Sustainable Development: Shaping Flexible Cultural Governance Model for Creativity," Sustainability, MDPI, vol. 15(5), pages 1-28, February.
    3. Charlie Wall-Andrews & Emma Walker & Wendy Cukier, 2021. "Support Mechanisms for Canada’s Cultural and Creative Sectors during COVID-19," JRFM, MDPI, vol. 14(12), pages 1-20, December.
    4. Shihong Zeng & Mimi Hu & Bin Su, 2016. "Research on Investment Efficiency and Policy Recommendations for the Culture Industry of China Based on a Three-Stage DEA," Sustainability, MDPI, vol. 8(4), pages 1-15, March.
    5. Pan, Wenrong & Xie, Tao & Wang, Zhuwang & Ma, Lisha, 2022. "Digital economy: An innovation driver for total factor productivity," Journal of Business Research, Elsevier, vol. 139(C), pages 303-311.
    6. Chandna, Vallari & Salimath, Manjula S., 2020. "When technology shapes community in the Cultural and Craft Industries: Understanding virtual entrepreneurship in online ecosystems," Technovation, Elsevier, vol. 92.
    7. Bálint Kádár & János Klaniczay, 2022. "Branding Built Heritage through Cultural Urban Festivals: An Instagram Analysis Related to Sustainable Co-Creation, in Budapest," Sustainability, MDPI, vol. 14(9), pages 1-16, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bérubé, Julie, 2023. "Pandemic and Cultural Industries in a Regional Context," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 15(2), pages 493-516, July.
    2. Zhaohui Yan & Mingli Wang & Yumeng Sun & Zihui Nan, 2023. "The Impact of Research and Development Investment on Total Factor Productivity of Animal Husbandry Enterprises: Evidence from Listed Companies in China," Agriculture, MDPI, vol. 13(9), pages 1-21, September.
    3. Ran, Qiying & Yang, Xiaodong & Yan, Hongchuan & Xu, Yang & Cao, Jianhong, 2023. "Natural resource consumption and industrial green transformation: Does the digital economy matter?," Resources Policy, Elsevier, vol. 81(C).
    4. Shunbin Zhong & Huafu Shen & Ziheng Niu & Yang Yu & Lin Pan & Yaojun Fan & Atif Jahanger, 2022. "Moving towards Environmental Sustainability: Can Digital Economy Reduce Environmental Degradation in China?," IJERPH, MDPI, vol. 19(23), pages 1-23, November.
    5. Qiangyi Li & Jiexiao Ge & Mingyu Huang & Xiaoyu Wu & Houbao Fan, 2024. "Uncovering the Triple Synergy of New-Type Urbanization, Greening and Digitalization in China," Land, MDPI, vol. 13(7), pages 1-24, July.
    6. Zhipeng Yu & Yi Liu & Taihua Yan & Ming Zhang, 2024. "Carbon emission efficiency in the age of digital economy: New insights on green technology progress and industrial structure distortion," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 4039-4057, July.
    7. Kun Wang & Bing Chen & Yuhong Li, 2024. "Technological, process or managerial innovation? How does digital transformation affect green innovation in industrial enterprises?," Economic Change and Restructuring, Springer, vol. 57(1), pages 1-32, February.
    8. Feng, Wei & Sun, Shujun & Yuan, Hang, 2023. "Research on the efficiency of factor allocation in the pilot free trade zones," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 727-745.
    9. Fu, Shuke & Ge, Yingchen & Hao, Yu & Peng, Jiachao & Tian, Jiali, 2024. "Energy supply chain efficiency in the digital era: Evidence from China's listed companies," Energy Economics, Elsevier, vol. 134(C).
    10. Oliver Kesar & Daniela Soldić Frleta & Ivana Matušan, 2023. "Investigating Residents and DMO’s Co-Creation Relationship: The Case of Co-Organizing a Medieval Summer Festival," Sustainability, MDPI, vol. 15(2), pages 1-13, January.
    11. Suresh Kamarapu & P. Sujendra Swami & Shakti Chaturvedi, 2023. "Impact of Home-based Teleworking During Pandemic on Telecommuters’ Organizational Commitment: Interaction of Gender and Family Status," Metamorphosis: A Journal of Management Research, , vol. 22(2), pages 121-132, December.
    12. Gong, Zheng & Gong, Liuji, 2024. "The financial geographic structure, Confucian culture, and corporate asset allocation efficiency," Finance Research Letters, Elsevier, vol. 63(C).
    13. Guo, Bingnan & Wang, Yu & Zhang, Hao & Liang, Chunyan & Feng, Yu & Hu, Feng, 2023. "Impact of the digital economy on high-quality urban economic development: Evidence from Chinese cities," Economic Modelling, Elsevier, vol. 120(C).
    14. Pengyu Ren & Zhaoxia Liu, 2021. "Efficiency Evaluation of China’s Public Sports Services: A Three-Stage DEA Model," IJERPH, MDPI, vol. 18(20), pages 1-12, October.
    15. Yuqi Zhu & Siwei Shen & Linyu Du & Jun Fu & Jian Zou & Lina Peng & Rui Ding, 2023. "Spatial and Temporal Interaction Coupling of Digital Economy, New-Type Urbanization and Land Ecology and Spatial Effects Identification: A Study of the Yangtze River Delta," Land, MDPI, vol. 12(3), pages 1-27, March.
    16. Ding, Qian & Huang, Jianbai & Chen, Jinyu & Tao, Dali, 2023. "Internet development and renewable energy technological innovation: Does institutional quality matter?," Renewable Energy, Elsevier, vol. 218(C).
    17. Wang, Weilong & Wang, Jianlong & Wu, Haitao, 2024. "The impact of energy-consuming rights trading on green total factor productivity in the context of digital economy: Evidence from listed firms in China," Energy Economics, Elsevier, vol. 131(C).
    18. Yang Liu & Yanlin Yang & Huihui Li & Kaiyang Zhong, 2022. "Digital Economy Development, Industrial Structure Upgrading and Green Total Factor Productivity: Empirical Evidence from China’s Cities," IJERPH, MDPI, vol. 19(4), pages 1-23, February.
    19. Hedan Ma & Xinliang Jia & Xin Wang, 2022. "Digital Transformation, Ambidextrous Innovation and Enterprise Value: Empirical Analysis Based on Listed Chinese Manufacturing Companies," Sustainability, MDPI, vol. 14(15), pages 1-20, August.
    20. Yihan Chi & Yongheng Fang & Jiamin Liu, 2022. "Spatial–Temporal Evolution Characteristics and Economic Effects of China’s Cultural and Tourism Industries’ Collaborative Agglomeration," Sustainability, MDPI, vol. 14(22), pages 1-23, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:18:p:13610-:d:1238029. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.