Research on the multi-stage impact of digital economy on rural
revitalization in Hainan Province based on GPM model
Abstract
In the context of the new era, the digital economy has become a new
engine for global economic growth. As the southernmost province in
China, Hainan Province has unique geographical locations and resource
advantages. The rapid development of the digital economy has had a
profound impact on the implementation of the rural revitalization
strategy. Based on this, this study takes Hainan Province as the
research object to deeply explore the impact of digital economic
development on rural revitalization. The study collected panel data from
2003 to 2022 to construct an evaluation index system for the digital
economy and rural revitalization and used panel regression analysis and
other methods to explore the promotion effect of the digital economy on
rural revitalization. Research results show that the digital economy has
a significant positive impact on rural revitalization, and this impact
increases as the level of fiscal expenditure increases. The issuance of
digital RMB has further exerted a regulatory effect and promoted the
development of the digital economy and the process of rural
revitalization. At the same time, the establishment of the Hainan Free
Trade Port has also played a positive role in promoting the development
of the digital economy and rural revitalization. In the prediction of
the optimal strategy for rural revitalization based on the development
levels of the primary, secondary, and tertiary industries (Rate1, Rate2,
and Rate3), it was found that rate1 can encourage Hainan Province to
implement digital economic innovation, encourage rate3 to implement
promotion behaviors, and increase rate2 can At the level of sustainable
development when rate3 promotes rate2’s digital economic innovation
behavior, it can standardize rate2’s production behavior to the greatest
extent, accelerate the faster application of the digital economy to the
rural revitalization industry, and promote the technological advancement
of enterprises. This study not only provides theoretical support and
practical reference for Hainan Province to explore effective ways for
the digital economy to promote rural revitalization but also provides
reference for other regions across the country. The research conclusion
emphasizes the importance of fiscal expenditure, digital RMB, and free
trade port policies in promoting the development of the digital economy
and rural revitalization, providing useful enlightenment for
policymakers.