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Published in: Economic Change and Restructuring 6/2023

18-08-2023

The impact of digital economy development on innovation in renewable energy technologies

Author: Wen Chen

Published in: Economic Change and Restructuring | Issue 6/2023

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Abstract

Based on Chinese provincial-level data from 2012 to 2020,this paper construct the regional digital economic development index by the CRITIC method and empirically finds an inhibiting effect of the digital economy development on innovation in renewable energy technology (IRETs). A mediation mechanism test shows that the inhibiting effect may be due to serious free-rider problem in IRETs as patent infringements increase in the digital era. Further studies show that moderation effect of public environmental appeal on the relationship between digital economy development and IRETs depends on the level of patent judicial protection. It is found that increasing public environmental appeal will mitigate the negative impact of digital economy development on IRETs for regions with high level of patent judicial protection while enhance the above negative impact for regions with low level of patent judicial protection.

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Appendix
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Footnotes
1
The information and communication technology (ICT) sector is central to the development of the digital economy (Bukht and Heeks 2017; Domazet et al. 2018; García-Herrero and Xu 2018).
 
2
The research idea of exploring the development of digital economy based on the perspective of digital industrialization and industrial digitization has been expressed and recognized by China's top decision-making levels. First, Digital Economy Development in China (2017) issued by the China Academy of Information and Communications Technology (CAICT) (2017) proposed two paths for the development of the digital economy: digital industrialization and industrial digitization. Second, on March 5, 2021, Chinese Premier Li Keqiang indicated in the Report on the Work of the Chinese Government that the government would accelerate digital development, create new advantages for the digital economy, and promote digital industrialization and industrial digital transformation in a coordinated manner. Finally, on March 11, 2021, the Fourth Session of the 13th National People's Congress of the People's Republic of China approved the 14th Five-Year Plan (2021–2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 that emphasized “accelerating the promotion of digital industrialization” and “promoting the digital transformation of industries.”
 
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Metadata
Title
The impact of digital economy development on innovation in renewable energy technologies
Author
Wen Chen
Publication date
18-08-2023
Publisher
Springer US
Published in
Economic Change and Restructuring / Issue 6/2023
Print ISSN: 1573-9414
Electronic ISSN: 1574-0277
DOI
https://doi.org/10.1007/s10644-023-09553-1

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