Internet and Economic Growth—Evidence from Chinese Provincial Panel Data

Abstract

As the " Internet + " strategy having been put forward, the internet and other information and communication technologies will help play more important role in Chinese economic growth. This research uses Chinese provincial panel data between 2000-2014 to study the relationship be-tween the internet communication technology and economic growth within a Cobb-Douglas func-tion under the Solow model. The result indicates that the development of the internet communica-tion technology has a significant role in promoting economic growth in China. At the same time, the human capital has positive interaction effect on the adjustment between the internet and eco-nomic growth. So China should continue to increase investment on the internet communication technology and infrastructure construction, and pay more attention to personnel training to pro-mote the sustainable development of economy in China.