Economic Impact of Information Industry Development and Investment Strategy for Information Industry

Abstract

The information industry leads the digital revolution and innovation. With regards to what economic impact the development of the industry will bring about, there has been minimal focus from literature. This paper fills the knowledge gap by using a dynamic computable general equilibrium model. The results show the development will rapidly promote economic development and social welfare, promote the reduction of commodity prices and the rise of output by providing higher social productivity. Finance, public service, and some traditional industry (such as electricity) will benefit more when the information industry develops rapidly. At present, the industry development of the information industry is more directed at the service industry and final consumption. This paper implies the information industry can strengthen R&D investment towards supporting finance, public services and traditional industries, such as industrial control embedded software products, cloud computing technology, and emergency communication for traditional industries to increase the income.

The Environmental Effects of FDI

“…The negative effect arises when a polluting industry relocates and when foreign firms choose to outsource their polluting operations by using the services of domestic firms. The net effect of FDI on the environment is determined by the relative weights of the scale, composition, and technique effects of FDI (Yang and Yi, 2021;Han et al, 2021;Wu et al, 2016;Lin et al, 2021). While an extensive amount of work has been carried out to find evidence on the pollution haven and halo hypotheses, this work has produced a mixed bag of results.…”

Impacts of IT capability and supply chain collaboration on supply chain resilience: empirical evidence from China in COVID-19 pandemic

“…IT operations guarantee that supply chain partners can use the data analyzed by information management and market management capability to refine strategic planning objectives when setting strategic goals (Al-Taie et al, 2021;Kesharwani et al, 2021;Pettit et al, 2010;Zhang et al, 2021a, b). Meanwhile, SCC can complement IT capability in terms of information management, authenticity, usefulness and reliability of information and enhance the effectiveness of sharing and transferring information to improve SCR (Fiksel et al, 2015;Kim et al, 2011;Lin et al, 2021;Zheng et al, 2021). On the bases of the above arguments, we propose the following two hypotheses:…”

Understanding the adoption context of China’s digital currency electronic payment

“…Relative advantage refers to the degree to which an innovation is considered better than the product or service it replaces (Law et al 2021 ; Li and Wang 2021 ; Sultana et al 2021 ; Yang and Yi 2021 ); the higher individuals perceive the relative advantages of innovation, the more likely they will be to adopt it. When an innovative technology is more convenient, efficient, and popular than the original product or service, implying its relative advantage, people will be positively willing to use the innovation (Lin et al 2021 ; Sun et al 2021 ). Hence, we propose the following hypothesis:…”