Impact of digital technology innovation on entrepreneurial activity

The article 'Impact of Digital Technology Innovation on Entrepreneurial Activity' delves into the crucial role of digital innovation in driving entrepreneurship and economic growth. It highlights the significant increase in new enterprises in China, despite challenges like an immature entrepreneurial ecosystem and insufficient technological innovation. The government's initiatives, such as the 'Overall Layout Plan for the Construction of Digital China', aim to promote digital entrepreneurship and stimulate the digital economy. The study explores how digital technology innovation reduces transaction costs and entrepreneurial risk, thereby enhancing entrepreneurial activity. Through robust empirical regression and various tests, the authors confirm that digital innovation significantly boosts entrepreneurship. The paper also identifies regional heterogeneities in the impact of digital innovation on entrepreneurial activity, emphasizing the importance of strong intellectual property protection, high city administrative levels, and high market potential. The findings offer valuable insights and policy recommendations to support digital innovation and entrepreneurship, fostering a more competitive and dynamic economy.