Digital Economy, Industry Heterogeneity, and Service Industry Resource Allocation

Based on the traditional framework of resource mismatch theory analysis and existing literature studies, this paper constructs a model efficiency loss including digitalization factor service industry, measures China’s industry its sub-sectors, empirically analyzes impact digital economy development using panel data each sub-sector from 2001 to 2020. The findings reveal that: (1) Resource exists in degree capital is more serious than that labor. (2) Traditional industries with low have losses, while emerging high almost no losses. (3) increase can significantly improve industry; appropriate government intervention but not labor mismatch; proportion state-owned enterprises conducive improving mismatch. Meanwhile, results heterogeneity test show both industries, improvement obvious for industries. Therefore, context economy, we make following suggestions. intervenes appropriately market, develops formulates different transformation policies Relevant their efforts technology research development, actively explore direction work together promote economic level.