The Impacts of Digital Finance on Economic Resilience

被引:0
|
作者
Zou, Xuxin [1 ]
Dai, Wenguan [1 ]
Meng, Shuang [2 ]
机构
[1] Beijing Wuzi Univ, Sch Econ, Beijing 101149, Peoples R China
[2] Cent Univ Finance & Econ, Sch Int Trade & Econ, Beijing 102206, Peoples R China
关键词
economic resilience; digital finance; marketization level; innovation; consumption vitality;
D O I
10.3390/su16177305
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Enhancing economic resilience is crucial to sustainable development. However, issues such as resource misallocation and financing difficulties have severely impacted supply chain stability and security. The rise of digital finance presents potential solutions to these problems. Based on panel data from 30 provinces in China from 2011 to 2020, this study explores the mechanisms and pathways through which digital finance enhances economic resilience. The results reveal four key findings. First, the development of digital finance significantly enhances economic resilience by improving innovation capabilities and consumption vitality. Second, a high degree of marketization strengthens the promoting effect of digital finance on economic resilience. Third, in areas with higher levels of industrial advancement or lower levels of traditional financial development, the enhancement effect of digital finance on economic resilience is more significant. Fourth, digital finance significantly improved the economic resilience of geographically adjacent areas through spatial spillover effects. Overall, this study provides a new perspective on the impact of digital finance on economic resilience in developing countries such as China. In addition to its academic contributions, this study offers detailed practical implications.
引用
收藏
页数:21
相关论文
共 50 条
  • [1] The impact of digital finance on regional economic resilience
    Yang, Yang
    Lin, Zibo
    Xu, Zhaoyi
    Liu, Shuwen
    [J]. PACIFIC-BASIN FINANCE JOURNAL, 2024, 85
  • [2] The impact of digital inclusive finance on agricultural economic resilience
    Gao, Qiang
    Sun, Mengyuan
    Chen, Lu
    [J]. FINANCE RESEARCH LETTERS, 2024, 66
  • [3] Digital HP finance 's role in the economic resilience of enterprises ' digital transformation
    Xu, Ting
    Shen, Zhenni
    Zhang, Hui
    Zhang, Chenglong
    Huang, Honglei
    [J]. FINANCE RESEARCH LETTERS, 2024, 63
  • [4] Digital finance and regional economic resilience: Theoretical framework and empirical test
    Yu, Zehui
    Li, Yiming
    Dai, Lihua
    [J]. FINANCE RESEARCH LETTERS, 2023, 55
  • [5] Research on coupling coordination degree of digital finance and economic resilience in the Yangtze River Economic Belt
    Tang, Decai
    Zhao, Ziqian
    Li, Jiannan
    Boamah, Valentina
    [J]. NATURAL HAZARDS, 2024,
  • [6] Digital finance and regional economic resilience: Evidence from 283 cities in China
    Hou, Shiying
    Zhang, Yining
    Song, Liangrong
    [J]. HELIYON, 2023, 9 (10)
  • [7] How does digital inclusive finance improve rural economic resilience? Evidence from China
    Yu Shen
    Guangyu Hu
    [J]. Digital Economy and Sustainable Development, 2 (1):
  • [8] Urban Economic Efficiency, Environmental Factors, and Digital Finance: Impacts on Sustainable Development in Chinese Cities
    Yuan, Yuling
    Li, Dukangqi
    [J]. SUSTAINABILITY, 2023, 15 (18)
  • [9] Impacts of digital inclusive finance on household entrepreneurship
    Wu, Jinshun
    Wu, Luyao
    [J]. FINANCE RESEARCH LETTERS, 2023, 56
  • [10] Impact of digital finance on urban ecological resilience: evidence from the Yangtze River Economic Belt in China
    Zhao, Bin
    Fang, Liuhua
    Zhang, Jianyu
    Li, Wenyu
    Tao, Lixia
    Yu, Qiuyue
    Wen, Chuanhao
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2024, 31 (06) : 9218 - 9236