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Determinants of Regional Economic Resilience to Economic Crisis: Evidence from Chinese Economies

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  • Xiaowen Wang

    (School of Economics, Lanzhou University, Lanzhou 730000, China)

  • Meiyue Li

    (School of Economics, Lanzhou University, Lanzhou 730000, China)

Abstract

The severity of the 2007–2008 economic crisis and the spatial heterogeneity of its impact have accelerated the study of regional economic resilience. The economic crisis has affected most parts of the world, and its impact is highly heterogeneous within China. The aim of this study was to explore the determinants of regional economic resilience across 284 Chinese cities from 2003–2018. Both nation-based and province-based regional economic resilience were examined. A multilevel logistic regression model was established, finding a disparity of provincial effects on regional performance during the economic crisis. Regional economic resilience is significantly affected by provincial trajectories, economy size, and resources. There are five significant determinants of economic resilience: income inequality, innovation, government intervention, human capital, and financial development. The results provide evidence for the government to design region-based policies, taking into consideration the size and the resources of the region’s economy to build a resilient wall to defend against external shocks and to form a basis for sustainable development.

Suggested Citation

  • Xiaowen Wang & Meiyue Li, 2022. "Determinants of Regional Economic Resilience to Economic Crisis: Evidence from Chinese Economies," Sustainability, MDPI, vol. 14(2), pages 1-25, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:2:p:809-:d:722624
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    References listed on IDEAS

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    Cited by:

    1. Guandong Song & Sheng Zhong & Liuguang Song, 2022. "Spatial Pattern Evolution Characteristics and Influencing Factors in County Economic Resilience in China," Sustainability, MDPI, vol. 14(14), pages 1-20, July.
    2. Lu Liu & Yuxin Meng & Desheng Wu & Qiying Ran & Jianhong Cao & Zilian Liu, 2023. "Impact of haze pollution and human capital on economic resilience: evidence from prefecture-level cities in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(11), pages 13429-13449, November.
    3. Yi Xu & Jian Li & Yongcan Yan & Pengcheng Gao & Heng Xie, 2022. "Can Coordinated Development of Manufacturing and Information Communication Service Industries Boost Economic Resilience? An Empirical Study Based on China’s Provinces," Sustainability, MDPI, vol. 14(17), pages 1-15, August.
    4. Chang-Tai Lee & Jin-Li Hu & Ming-Hsin Kung, 2022. "Economic Resilience in the Early Stage of the COVID-19 Pandemic: An Across-Economy Comparison," Sustainability, MDPI, vol. 14(8), pages 1-25, April.
    5. Xu, Feng & Chi, Guangqing & Zhang, Zhexi & Yang, Jianxin, 2023. "How does quality regional growth affect land resources dependence in China? Evidence based on spatial Durbin panel models," Resources Policy, Elsevier, vol. 81(C).

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