Trends

Preview of the 22nd Xi Xian Forum on Income Distribution and Public Finance
publish date:2021-11-02 publisher:Sheng Qian

Title of Lecture: Digital Intelligence, Double Circulation and Income Disparity

Time: 10:00am - 11:00am, Thursday, 4th November 2021

Venue: Conference Room 119, Wenqin Building

Moderator: Prof. Lu Yuanping

Guest speaker: Zhang Yun

  PhD Student, School of Economics, Xiamen University

Abstract:

  What are the intrinsic links between digital intelligence, the dual circulation and income disparity? This paper quantifies the domestic grand cycle and the domestic-international dual circulation by using CEADs China inter-regional non-competitive input-output tables for 2012, 2015 and 2017. Second, digital intelligence leads to the integration of product and factor markets in upstream and downstream value chains, reducing transaction costs and increasing total factor productivity, thus opening up the domestic circulation and the domestic and international circulation. Third, digital intelligence mainly enhances the participation of inter-provincial or upstream and downstream links in global and domestic value chains, and mainly manifests itself in the dual circulation within the "eastern-eastern" provinces independently. Fourth, in the context of the dual-circulation, digital intelligence has led to a reduction in the relative income gap between "regions-industries-to-regions", which is conducive to achieving common prosperity. Moreover, it varies significantly across economic structures, market structures and institutional environments.