As a new concept,digitalization has increasingly become a hot topic of academic research.However,due to the strong comprehensiveness of digitalization related issues and the short time span of digitalization practice,there are still disputes on some basic issues.Digitization can help economic entities establish a decentralized,integrated,automated and low consumption integrated system.To be sure,it has profoundly affected the mainstream business paradigm of the economy,innovated the process of value creation and value capture,and finally reshaped the economic form.On the basis of distinguishing the concept of digitalization,this paper uses unstructured data to demonstrate the results and impact mechanism of digitalization at the production level and non production level,and provides empirical evidence that digitalization promotes economic efficiency.The main conclusions are as follows:(1)The impact of digitalization on China’s economy is mainly reflected in the change of the traditional value creation model and the improvement of the degree of marketization.From an empirical perspective,the development of digital economy helps to improve the development efficiency of regional economy;(2)Digitization itself has spillover effects.The more nodes of digital development in a region,the higher the value of the overall digital economic network,and the stronger the improvement effect on economic development efficiency;(3)An important way for digital economy to improve economic efficiency lies in that it activates the role of digital platforms and enhances the standardization of market transactions by alleviating the problem of information asymmetry.On the basis of the above conclusions,this paper further explores the practical characteristics,existing problems and optimization path of China’s digital development.The research shows that the development of digital process in China is unbalanced among regions and industries;Moreover,the digitalization process of the service industry depends on the traditional business service and entertainment industry,and the digitalization level of the productive service industry is insufficient.From the perspective of optimization,(1)digital infrastructure should be improved;(2)Give play to the intermediary role of digital platforms to promote digital led innovation and development;(3)We should improve the digital supporting facilities and develop the productive service industry.At the same time,we should also attach importance to the service-oriented development of manufacturing enterprises;(4)Increase digital investment and cultivate industrial support;(5)Strengthen policy guidance and deal with the derivative problems of digital process.The marginal contribution of this paper lies in:(1)demonstrating the theoretical mechanism of digitalization to promote economic quality and efficiency;(2)The use of unstructured data confirms the role of digitalization in promoting economic quality and efficiency;(3)On the basis of exploring the current digital development,the specific optimization path of digital development is given. |