IDEAS home Printed from https://ideas.repec.org/a/gam/jlands/v13y2024i2p175-d1331729.html
   My bibliography  Save this article

Measurement and Influencing Factors of Economic Resilience over a Long Duration of COVID-19: A Case Study of the Yangtze River Delta, China

Author

Listed:
  • Muxi Yang

    (School of Architecture and Urban Planning, Nanjing University, Nanjing 210093, China)

  • Guofang Zhai

    (School of Architecture and Urban Planning, Nanjing University, Nanjing 210093, China)

Abstract

The COVID-19 pandemic put forward a new test for an economic resilience study. Its long-term and diffusive spatiotemporal characteristics suggest that we need to pay attention to the resilience and spatial heterogeneity of cities over a longer period. This paper applied SARIMA and the performance curve to measure the economic resilience of each city under the pandemic, and explored its influencing factors and spatial heterogeneity using a geodetector and geographically weighted regression model. The results show that: (1) From 2020 to 2022, the economic resilience in the Yangtze River Delta presented a downward to upward to slightly downward trend. High-resilience cities were concentrated in southern Jiangsu, while vulnerable cities were primarily located in western Anhui. The performance of regional core cities was not as strong as in previous research focusing on long-term economic resilience. (2) Fixed-asset investment, related variety, labor supply level, foreign trade dependence, and innovation level were the main influencing factors, on average. The effects of these factors had spatial heterogeneity related to the regional endowment and development quality. The findings suggest that the specificity of public health risks and the lack of coping experience may lead to a general failure of economic resilience. Identifying key factors and current weaknesses in each region can make resilience improvement strategies more targeted and effective.

Suggested Citation

  • Muxi Yang & Guofang Zhai, 2024. "Measurement and Influencing Factors of Economic Resilience over a Long Duration of COVID-19: A Case Study of the Yangtze River Delta, China," Land, MDPI, vol. 13(2), pages 1-22, February.
  • Handle: RePEc:gam:jlands:v:13:y:2024:i:2:p:175-:d:1331729
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2073-445X/13/2/175/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2073-445X/13/2/175/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ron Boschma, 2015. "Towards an Evolutionary Perspective on Regional Resilience," Regional Studies, Taylor & Francis Journals, vol. 49(5), pages 733-751, May.
    2. Ron Martin & Peter Sunley & Ben Gardiner & Peter Tyler, 2016. "How Regions React to Recessions: Resilience and the Role of Economic Structure," Regional Studies, Taylor & Francis Journals, vol. 50(4), pages 561-585, April.
    3. Liangang Li & Shuoya Liu & Chen Li & Pingyu Zhang & Kevin Lo, 2022. "What Matters for Regional Economic Resilience Amid Multi Shock Situations: Structural or Agency? Evidence from Resource-Based Cities in China," Sustainability, MDPI, vol. 14(9), pages 1-18, May.
    4. Daniele Tori & Özlem Onaran, 2018. "The effects of financialization on investment: evidence from firm-level data for the UK," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(5), pages 1393-1416.
    5. Abhas K. Jha & Todd W. Miner & Zuzana Stanton-Geddes, 2013. "Building Urban Resilience : Principles, Tools, and Practice," World Bank Publications - Books, The World Bank Group, number 13109, December.
    6. Giulio Cainelli & Roberto Ganau & Marco Modica, 2019. "Does related variety affect regional resilience? New evidence from Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(3), pages 657-680, June.
    7. Gergő Tóth & Zoltán Elekes & Adam Whittle & Changjun Lee & Dieter F. Kogler, 2022. "Technology Network Structure Conditions the Economic Resilience of Regions," Economic Geography, Taylor & Francis Journals, vol. 98(4), pages 355-378, August.
    8. Jennifer T. Lai & Isabel K. M. Yan & Xingjian Yi & Hao Zhang, 2020. "Digital Financial Inclusion and Consumption Smoothing in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(1), pages 64-93, January.
    9. Iryna Kalenyuk & Liudmyla Tsymbal & Iryna Uninets, 2021. "Intelligent Drivers Of Smart Economy In The Global Ecosystem," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 7(2).
    10. Lino Briguglio & Gordon Cordina & Nadia Farrugia & Stephanie Vella, 2009. "Economic Vulnerability and Resilience: Concepts and Measurements," Oxford Development Studies, Taylor & Francis Journals, vol. 37(3), pages 229-247.
    11. Koen Frenken & Frank Van Oort & Thijs Verburg, 2007. "Related Variety, Unrelated Variety and Regional Economic Growth," Regional Studies, Taylor & Francis Journals, vol. 41(5), pages 685-697.
    12. Oana Oprisan & Speranta Pirciog & Alina Elena Ionascu & Cristina Lincaru & Adriana Grigorescu, 2023. "Economic Resilience and Sustainable Finance Path to Development and Convergence in Romanian Counties," Sustainability, MDPI, vol. 15(19), pages 1-24, September.
    13. Tao Shi & Yurong Qiao & Qian Zhou, 2021. "Spatiotemporal evolution and spatial relevance of urban resilience: Evidence from cities of China," Growth and Change, Wiley Blackwell, vol. 52(4), pages 2364-2390, December.
    14. Honig, Adam, 2008. "Do improvements in government quality necessarily reduce the incidence of costly sudden stops?," Journal of Banking & Finance, Elsevier, vol. 32(3), pages 360-373, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Suat Tuysuz & Tüzin Baycan & Fatih Altuğ, 2022. "Economic impact of the COVID-19 outbreak in Turkey: analysis of vulnerability and resilience of regions and diversely affected economic sectors," Asia-Pacific Journal of Regional Science, Springer, vol. 6(3), pages 1133-1158, October.
    2. 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.
    3. Xiaojing Li & Jing Chen, 2023. "Global or Local Spatial Spillovers? Industrial Diversity and Economic Resilience in the Middle Reaches of the Yangtze River Urban Agglomeration, China," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
    4. Shanshan Ye & Mingming Cao, 2023. "The Impact of Industrial Linkage Structures on Urban Economic Resilience in China in the Context of the COVID-19 Shock," Sustainability, MDPI, vol. 15(6), pages 1-15, March.
    5. Liangang Li & Pingyu Zhang & Chengxin Wang, 2022. "What Affects the Economic Resilience of China’s Yellow River Basin Amid Economic Crisis—From the Perspective of Spatial Heterogeneity," IJERPH, MDPI, vol. 19(15), pages 1-20, July.
    6. Filippo Di Pietro & Patrizio Lecca & Simone Salotti, 2021. "Regional economic resilience in the European Union: a numerical general equilibrium analysis," Spatial Economic Analysis, Taylor & Francis Journals, vol. 16(3), pages 287-312, July.
    7. Giulio Cainelli & Roberto Ganau & Marco Modica, 2019. "Industrial relatedness and regional resilience in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 98(2), pages 755-778, April.
    8. Tao Zhao & Jinwei Huo & Degang Yang & Xinhuan Zhang & Danni Lu & Mingjie Cui & Rongqian Lu & Yaning Chen, 2022. "Study on the Spatial Differentiation Characteristics and Influencing Factors of China’s Economic Resilience under Different Shocks," Sustainability, MDPI, vol. 14(24), pages 1-15, December.
    9. Andrea Filippetti & Petros Gkotsis & Antonio Vezzani & Antonio Zinilli, 2020. "Are innovative regions more resilient? Evidence from Europe in 2008–2016," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(3), pages 807-832, October.
    10. Du, Yanan & Wang, Qingxi & Zhou, Jianping, 2023. "How does digital inclusive finance affect economic resilience: Evidence from 285 cities in China," International Review of Financial Analysis, Elsevier, vol. 88(C).
    11. Vinko Muštra & Blanka Šimundić & Zvonimir Kuliš, 2020. "Does innovation matter for regional labour resilience? The case of EU regions," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(5), pages 955-970, October.
    12. Giulio Cainelli & Roberto Ganau & Marco Modica, 2019. "Does related variety affect regional resilience? New evidence from Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(3), pages 657-680, June.
    13. Yun-Hsuan Lee & Li-Ling Kao & Wen-Hsiang Liu & Jen-Te Pai, 2023. "A Study on the Economic Resilience of Industrial Parks," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    14. Paolo Rizzi & Paola Graziano & Antonio Dallara, 2018. "A capacity approach to territorial resilience: the case of European regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 285-328, March.
    15. Songtao He & Shuigen Yang & Amar Razzaq & Sahar Erfanian & Azhar Abbas, 2023. "Mechanism and Impact of Digital Economy on Urban Economic Resilience under the Carbon Emission Scenarios: Evidence from China’s Urban Development," IJERPH, MDPI, vol. 20(5), pages 1-20, March.
    16. Martini, Barbara, 2020. "Resilience and economic structure. Are they related?," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 62-91.
    17. Zoltan Elekes & Anna Baranowska-Rataj & Rikard Eriksson, 2021. "Local access to skill-related high-income jobs facilitates career advancement for low-wage workers," Papers in Evolutionary Economic Geography (PEEG) 2136, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Nov 2021.
    18. Pontarollo, Nicola & Serpieri, Carolina, 2020. "A composite policy tool to measure territorial resilience capacity," Socio-Economic Planning Sciences, Elsevier, vol. 70(C).
    19. Pengyang Zhang & Yanmei Huang & Sipei Pan & Wanxu Chen & Hui Zhong & Ning Xu & Mingxing Zhong, 2022. "Does Resilience Exist in China’s Tourism Economy? From the Perspectives of Resistance and Recoverability," Sustainability, MDPI, vol. 14(17), pages 1-21, August.
    20. Mingdou Zhang & Qingbang Wu & Weilu Li & Dongqi Sun & Fei Huang, 2021. "Intensifier of urban economic resilience: Specialized or diversified agglomeration?," PLOS ONE, Public Library of Science, vol. 16(11), pages 1-21, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jlands:v:13:y:2024:i:2:p:175-:d:1331729. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.