The Impact of Fiscal Science and Technology Expenditure on Digital Economy: A New Path to Economic Recovery in The Post-Pandemic Era

Authors

Yang Xu, Xinjiang University, Urumqi, ChinaFollow
Xiaodong Yang, Xinjiang University, Urumqi, ChinaFollow
Qiying Ran, Xinjiang University, Urumqi, ChinaFollow

Document Type

Article

Abstract

In this study, a multi-dimensional digital economy evaluation index system is constructed to explore the impact of fiscal Science and Technology (S&T) expenditure on digital economy development in China. We reveal the following findings. First, we note that the China’s digital economy level as a whole is rising each year, which is less affected by the COVID-19 pandemic. Second, we document that S&T expenditures positively stimulate digital economy development. Finally, we find that the promotion effect of S&T expenditure on the digital economy is statistically significant, and this promotion effect decreases from the southwest to the northeast due to the COVID-19 pandemic.

Recommended Citation

Xu, Yang; Yang, Xiaodong; and Ran, Qiying (2024) "The Impact of Fiscal Science and Technology Expenditure on Digital Economy: A New Path to Economic Recovery in The Post-Pandemic Era," Bulletin of Monetary Economics and Banking: Vol. 27: No. 1, Article 3.
DOI: https://doi.org/10.59091/2460-9196.2230
Available at: https://bulletin.bmeb-bi.org/bmeb/vol27/iss1/3

First Page

83

Last Page

98

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

China

Affiliation

Xinjiang University, Urumqi