Research on the Relationship and Influencing Factors of Digital Economy Industry in the Chengdu Chongqing Economic Circle

Abstract

The digital economy has become a key engine for regional economic growth. As the "leader" of the western economy, the Chengdu Chongqing dual city economic circle will play an important role in promoting rapid economic growth and achieving high-quality development in advancing the Western Development, promoting regional coordinated development, and building a new development pattern of "dual circulation". This study introduces the Cobb Douglas production function and takes the digital economy indicators of the Chengdu Chongqing dual city economic circle as the research object. The panel cointegration test method is used to empirically analyze the annual economic data of the Chengdu Chongqing dual city economic circle from 2013 to 2020, verifying that the digital economy has a positive effect on the economic growth of the Chengdu Chongqing dual city economic circle. The scale of the digital economy, digital economy industries, and digital economy infrastructure have a significant promoting effect on the economic growth of the Chengdu Chongqing dual city economic circle, but the integration of the digital economy does not have a significant driving effect on the economy. Based on this conclusion, a path for promoting the development of digital economy in the Chengdu Chongqing dual city economic circle has been proposed.