Two-Way Empowerment: The Role of Data Resources in Economic and Human Resource Development
Journal Title: International Journal of Social Science And Human Research - Year 2024, Vol 7, Issue 08
Abstract
In today's world economic system, data resources have become one of the important tools to promote local economic growth. Using China as an example, this study explores the complex relationship between the degree of data progress and local economic welfare. This paper aims to reveal the role of data resources as a catalyst for economic growth by examining the relationship between data flow efficiency, data infrastructure quality, and economic growth measures. At the same time, the research project uses EViews software to conduct econometric analysis of economic indicators such as GDP growth rate, employment data and per capita GDP to verify the relationship between data development level and economic performance. The final study shows that there is a strong positive correlation between effective management and use of data resources and local economic success, and we find that this correlation is particularly strong in regions with better data infrastructure. These findings provide practical evidence for policymakers, such as businesses or governments, and underscore the need to implement data-focused economic development strategies. The article shows that in order to rapidly develop the digital economy to help improve the economic level, increase and attract talents, etc., it is necessary to establish a sound data infrastructure, as well as improve the efficiency and accuracy of data transmission. These findings provide important insights into how businesses use data resources to make strategic decisions.
Authors and Affiliations
Wang Shiya, Doris Padmini Selvaratnam
Keywords
Related Articles
- EP ID EP742387
- DOI 10.47191/ijsshr/v7-i08-22
- Views 55
- Downloads 0
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