Study on the Development Level and Influencing Factors of Digital Economy in Shanwei City

The digital economy, an emerging cornerstone of global economic progress, harnesses digital technologies and leverages data as its primary production catalyst. Operating within a framework of advanced information networks, it fosters the fusion and implementation of information and communication technologies, alongside the digital transformation of all contributing factors, thereby propelling a novel economic paradigm that balances fairness with efficiency. The present research endeavors to delve into the developmental status and the underlying determinants influencing the digital economy's trajectory in Shanwei City. Drawing upon data spanning from 2013 to 2022, a comprehensive assessment index for the digital economy's advancement in Shanwei is devised through a methodical blend of entropy weighting and weighted summation techniques. Subsequently, the study employs the gray correlation analysis to untangle the intricate relationship between these factors and the development level of the digital economy in Shanwei. The findings underscore the collective contribution of various elements in fostering digital economic growth, with independent innovation emerging as the most potent catalyst. In light of these insights, this paper proposes a suite of strategic recommendations tailored to propel the sustained advancement of the digital economy in Shanwei City, ensuring its role as a dynamic force in the region's economic landscape.