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Economic Change and Restructuring

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01-02-2024

Harnessing digital transformation for green innovation in energy transition: a study on R&D investments and spatial spillover in China

Authors: Yang Liu, Jing Cheng, Jingjing Dai

Published in: Economic Change and Restructuring | Issue 1/2024

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Abstract

This study investigates the impact of digital transformation on green innovation in China’s manufacturing sector—a leading energy-consuming industry, using panel data and employing a two-way fixed-effects model alongside a spatial Durbin model. The findings reveal a significant positive relationship between digitalization and green innovation in energy transition, most notably in eastern China and regions with advanced digital infrastructure. This relationship is further characterized by increased R&D investment, driven by the efficient allocation of digital resources. A key discovery is the presence of significant spatial spillovers, indicating that digital advancements in one region positively influence green innovation in neighboring areas. These insights underscore the importance of region-specific development strategies and research incentives to harness digital transformation as a catalyst for green technology innovation. This analysis provides a deeper understanding of the regional interconnections between digitalization and innovation, offering valuable policy guidance for sustainable development.

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Title: Harnessing digital transformation for green innovation in energy transition: a study on R&D investments and spatial spillover in China
Authors: Yang Liu
Jing Cheng
Jingjing Dai
Publication date: 01-02-2024
Publisher: Springer US
Published in: Economic Change and Restructuring / Issue 1/2024
Print ISSN: 1573-9414
Electronic ISSN: 1574-0277
DOI: https://doi.org/10.1007/s10644-024-09610-3

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