Analysis of the Impact of Digital Business Environment on the Development of Private Economy

Abstract

The paper builds an evaluation index system for the digital business environment. It measures the development level of the digital business environment in Hubei Province. Using panel data from 12 cities in Hubei Province from 2013 to 2022, it analyzes how the digital business environment affects the development of private economy in Hubei Province. The results show that improving the digital business environment significantly promotes the development of private economy in Hubei Province. The heterogeneity analysis shows that factors like technology level, labor force size, and government support can affect how much the digital business environment helps the private economy.