Study On The Impact Of Digital Economy Development On Residents’ Consumption Upgrading From The Spatial Perspective

At present,due to the impact of COVID-19 and rising trade protectionism,both the internal support and external environment of China’s economic growth have undergone significant changes.The healthy development of China’s economy must shift its foothold from the global economy to the domestic economy and rely more on the support of the domestic market.Based on this,the central government proposes to construct a new development pattern to face the complicated situation at the present stage.To build a new pattern of development,we need to focus on expanding domestic demand as the strategic basis,and give higher priority to the domestic cycle than the external cycle.The smooth operation of the domestic great cycle cannot be separated from the steady growth of consumer demand.Therefore,how to fully promote the upgrading of household consumption in order to strengthen the foundation of domestic circulation has become an issue that economists must consider.On the other hand,the digital economy has developed rapidly in recent years,but it has remained extremely resilient despite frequent outbreaks of COVID-19.Digital technology has the characteristics of high permeability.With the development of digital technology,it has been continuously integrated with traditional industries,which has brought about important changes in the way of enterprise production and consumer consumption.At the same time,the deep integration of digital technology and circulation industry connecting production and consumption has created many new forms of circulation,connecting production and demand more efficiently,showing a new scene of digital economy promoting consumer consumption,and providing sufficient impetus for China’s economic development under the normal situation of the epidemic.In addition,as the digital industry continues to mature,the development of digital economy also presents obvious regional differences.Under the new development pattern,how to make full use of the advantages of digital technology in various regions,use digital technology to enable the development of circulation industry,further stimulate residents’ consumption,and promote the upgrading of residents’ consumption,is an important issue worthy of in-depth discussion,and is of great significance to help the smooth flow of "domestic great circulation".By reviewing and sorting out the relevant literature on digital economy and consumer consumption,this paper puts forward the conjecture that the development of digital economy can promote the upgrading of consumer consumption from the perspective of demand side and supply side respectively,and attaches importance to the spatial effect in the process of digital economy development and consumer consumption upgrading.On this basis,based on the research results of scholars,a comprehensive index system is constructed to measure the digital economy development index of 281 municipalities directly under the Central Government or prefecture-level cities in China.Moreover,the digital economy development level of different prefecture-level cities in China is compared and analyzed,and the relevant policies of prefecturelevel cities with leading digital economy development level are analyzed,and their development characteristics are further discussed.In terms of empirical analysis,the panel data of prefecturelevel cities in China from 2009 to 2021 is adopted to conduct benchmark regression and find the causal relationship between the development of digital economy and the upgrading of residents’consumption.On this basis,the space matrix is introduced and the relevant conjectures proposed in the mechanism analysis section are verified by the empirical analysis of space metrology.In addition,different spatial matrices are used for robustness test.Furthermore,by means of the intermediary effect model,the important role of circulation industry in this process is discussed.Finally,based on the mechanism analysis and empirical analysis,the policy suggestions are given.The main research results show that the global Moreland index of digital economy development and residents’ consumption level is significant,indicating that there is a spatial autocorrelation between variables.It is found that the development of China’s digital economy shows that the eastern region is better than the western region and the southern region is better than the northern region when the local Moreland index of 281 regions in China is calculated.The eastern coastal areas show the characteristics of high-high aggregation,while most of the capital cities of less developed provinces show the characteristics of high-low aggregation of digital economy development,that is,such cities may have a siphon effect on the development of digital economy in the surrounding areas.On this basis,through the intermediary effect model,it is found that circulation industry plays an important role in the process of stimulating residents’consumption in digital economy.The development of digital economy can promote the improvement of circulation efficiency,thus promoting the growth of residents’ consumption level.At the same time,the development of digital economy can effectively promote the increase of residents’ income,so as to further improve the level of residents’ consumption.In the complete research process,starting from the perspective of prefecture-level city,new research ideas and methods are provided for the measurement of digital economy and the relationship between digital economy and residents’ consumption.Finally,the comprehensive mechanism analysis and quantitative analy sis,under the guidance of government documents,provides relevant suggestions for the development of digital economy to promote consumer consumption.