Health Industry Development In The Digital Economy: An Empirical Study About The Intermediary Effect On Higher Education

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Yile Wang , Junmiao Deng , Brian Sheng-Xian Teo , Adam Amril Jaharadak

Abstract

This paper empirically tested the effects of digital economy and education level on the development of health industry based on the data of 11 provinces and cities in Yangtze River Economic Belt from 2011-2020. By using a fixed effects model and a mediating effects model, the key pathways to promote the development of the health industry were investigated. The results revealed that: (1) the application of digital technology to the development of the health industry is of great interest, and digital technology plays an important role in both the development planning of the health industry, the development and production of health industry products, and the collection of market information and the conclusion of market transactions. (2) The digital economy and education level have promoted the development of health industry. The digital economy acts on the development of health industry through education level, and education level plays the role of full mediating effect. People with different levels of education have differences in their health awareness. Education promotes social stratification, and at the same time, the social public has different health concepts and the pursuit of health because of their different levels of education. In particular, the group with higher education has a strong emphasis and pursuit of health, thus promoting the development of the health industry.

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