Empirical analysis shows digital finance boosts urban economic resilience in Chinese cities, suggesting significant mechanisms.
Based on balanced panel data comprising 2409 observations from prefecture-level cities in China (2012–2022), this study applies fixed-effects models, mediating effect models, and heterogeneity analysis to empirically investigate the mechanisms and differential impacts of digital finance development on urban economic resilience. Results indicate that digital finance exerts a statistically significant positive effect on urban economic resilience. Mechanism analysis demonstrates that digital finance indirectly strengthens economic resilience through fostering industrial co-agglomeration and stimulating entrepreneurial activity. Heterogeneity analysis further reveals that this enhancing effect is markedly stronger in economically advanced cities and provincial capitals.
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Li‐Xu Yan (2025) studied this question.
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