IDEAS home Printed from https://ideas.repec.org/a/bba/j00008/v1y2023i2p1-25d104.html

The role of financial drivers on regional economic resilience: Does information technology level matter?

Author

Listed:
  • Xiaoli Hao

    (School of Economics and Management, Xinjiang University, Urumqi 830047, China)

  • Junhong Qu

    (School of Economic and Management, Southeast University, Nanjing 210000, China)

Abstract

Economic globalization has intensified economic volatility around the world, and the importance of economic resilience has become increasingly prominent in the face of rising uncertainty due to frequent domestic and foreign shocks. Based on provincial panel data in China from 2008-2019, a comprehensive indicator system is constructed to measure regional economic resilience (RER), and the impact of financial driver (FD) on RER is explored from staged, pathway and non-linear perspectives. The main findings are as follows. (1) Both national and regional levels of FD and RER show an upward trend, and the impact of FD on RER has an “inverted-U” shape: as the capacity of FD increases, its impact on regional economic resilience shifts from promoting to inhibiting. The RER has significant spatial agglomeration characteristic. (2) Interestingly, staged analysis shows FD can significantly promote RER only when it is in the “recovery stage”. (3) The pathway analysis of its effect on regional economic resilience shows the following characteristics: financial scale > financial efficiency > financial deepening. (4) From different regions, there are significant differences in the effect of FD on the promotion of regional economic resilience: central region > western region > eastern region. Finally, the corresponding suggestions were provided.

Suggested Citation

  • Xiaoli Hao & Junhong Qu, 2023. "The role of financial drivers on regional economic resilience: Does information technology level matter?," Journal of Information Economics, Anser Press, vol. 1(2), pages 1-25, July.
    • Handle: RePEc:bba:j00008:v:1:y:2023:i:2:p:1-25:d:104
    as

    Download full text from publisher

    File URL: https://www.anserpress.org/journal/jie/1/2/6/pdf
    Download Restriction: no
    File URL: https://www.anserpress.org/journal/jie/1/2/6
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Loayza, Norman V. & Ranciere, Romain, 2006. "Financial Development, Financial Fragility, and Growth," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(4), pages 1051-1076, June.
    2. Yong Xu & Xin Zhao & Xiaoxiao Zhou & Ling Yuan, 2021. "Financial Structure and Capital Allocation Efficiency: An Empirical Analysis of China from 2005–2018," Applied Economics, Taylor & Francis Journals, vol. 53(29), pages 3347-3358, June.
    3. Liu, Haiyun & Islam, Mollah Aminul & Khan, Muhammad Asif & Hossain, Md Ismail & Pervaiz, Khansa, 2020. "Does financial deepening attract foreign direct investment? Fresh evidence from panel threshold analysis," Research in International Business and Finance, Elsevier, vol. 53(C).
    4. Xiaohui Hu & Robert Hassink, 2017. "Exploring adaptation and adaptability in uneven economic resilience: a tale of two Chinese mining regions," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(3), pages 527-541.
    5. Greenwood, Jeremy & Jovanovic, Boyan, 1990. "Financial Development, Growth, and the Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1076-1107, October.
    6. Shreya Pal & Indranil Bandyopadhyay, 2022. "Impact of financial inclusion on economic growth, financial development, financial efficiency, financial stability, and profitability: an international evidence," SN Business & Economics, Springer, vol. 2(9), pages 1-29, September.
    7. 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.
    8. Wu, Haitao & Xue, Yan & Hao, Yu & Ren, Siyu, 2021. "How does internet development affect energy-saving and emission reduction? Evidence from China," Energy Economics, Elsevier, vol. 103(C).
    9. Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
    10. Fujun Lai & Sha Zhu & Qingxiang Feng & Yi Yao, 2021. "Effects of Financial Market Information on Firms’ Productivity Under Operating Pressure and Financial Constraints: Evidence From the Chinese Stock Market," SAGE Open, , vol. 11(4), pages 21582440211, November.
    11. Zanxin Wang & Wei Wei, 2021. "Regional economic resilience in China: measurement and determinants," Regional Studies, Taylor & Francis Journals, vol. 55(7), pages 1228-1239, July.
    12. Suman Dahiya, 2022. "Does financial deepening matter for economic growth in Asian economies? Fresh evidence from panel threshold analysis," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 27(2), pages 192-208.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bastanifar Iman & Shirkhani Asma, 2025. "A Dynamic Economic Resilience Model: A Case Study of a Regional Integration Organization in Eurasia," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 40(1), pages 157-179.

    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. 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.
    2. 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.
    3. Elias Giannakis & Christos T. Papadas, 2021. "Spatial Connectivity and Regional Economic Resilience in Turbulent Times," Sustainability, MDPI, vol. 13(20), pages 1-12, October.
    4. Tu, Minghui & Wang, Yuyan, 2025. "Density as defense: Product space relatedness and export resilience during the COVID-19 pandemic," International Review of Economics & Finance, Elsevier, vol. 102(C).
    5. Luciana Lazzeretti & Stefania Oliva & Niccolò Innocenti, 2019. "Exploring the role of industrial structure for regional economic resilience," Papers in Evolutionary Economic Geography (PEEG) 1917, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised May 2019.
    6. Jihan Park & Donghyun Kim, 2025. "Regional economic resilience and long-term employment growth: decomposing structural transitions in South Korean metropolitan areas," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(2), pages 1-29, June.
    7. Michaela Trippl & Sebastian Fastenrath & Arne Isaksen, 2022. "Rethinking regional economic resilience: Preconditions and processes shaping transformative resilience," GEIST - Geography of Innovation and Sustainability Transitions 2022(02), GEIST Working Paper Series.
    8. Yuxin Li & Pingyu Zhang & Kevin Lo & Juntao Tan & Qifeng Yang, 2022. "Borderland Economic Resilience under COVID-19: Evidence from China–Russia Border Regions," IJERPH, MDPI, vol. 19(20), pages 1-22, October.
    9. Paulo Henrique Cezaro Eberhardt & Adelar Fochezatto, 2024. "Regional Resilience and the Asymmetric Effects of the 2008 Crisis in Brazil: A Survival Model Analysis," Networks and Spatial Economics, Springer, vol. 24(3), pages 743-762, September.
    10. Juntao Tan & Kevin Lo & Fangdao Qiu & Wenxin Liu & Jing Li & Pingyu Zhang, 2017. "Regional Economic Resilience: Resistance and Recoverability of Resource-Based Cities during Economic Crises in Northeast China," Sustainability, MDPI, vol. 9(12), pages 1-15, November.
    11. 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).
    12. George J. XANTHOS & Evangelos N. DULUFAKIS, 2023. "Measurement Approaches Of Regional Economic Resilience: A Literature Review," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 47-59, June.
    13. Jan Ženka & Marcela Chreneková & Lucie Kokešová & Veronika Svetlíková, 2021. "Industrial Structure and Economic Resilience of Non-Metropolitan Regions: An Empirical Base for the Smart Specialization Policies," Land, MDPI, vol. 10(12), pages 1-21, December.
    14. Andrés Maroto Sánchez & Juan Ramón Cuadrado-Roura, 2024. "Sectoral–regional resilience and productive specialization: a comparison among the last three crises," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(1), pages 61-86, June.
    15. Barbara MARTINI & Marco PLATANIA, 2022. "Are The Regions With More Gender Equality The More Resilient Ones? An Analysis Of The Italian Regions," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 71-94, June.
    16. Wang, Yongpei & Xu, Zhenyu & Liang, Jia, 2026. "Impact of transportation hubs on urban economic resilience: Evidence from national comprehensive transportation hub cities," Transportation Research Part A: Policy and Practice, Elsevier, vol. 203(C).
    17. Chenhuan Kou & Donghan Meng & Xiuli Yang, 2024. "Construction and application of economic resilience evaluation model for megacities," PLOS ONE, Public Library of Science, vol. 19(5), pages 1-28, May.
    18. Canfei He & Hantian Sheng, 2024. "Governance capacity, related variety and regional economic resilience under the COVID-19 epidemic: evidence from China," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(1), pages 291-321, June.
    19. Jesse Sutton & Yawo Mamoua Kobara & Godwin Arku, 2025. "Regional economic resilience, adaptive capacity, and underlying factors: insights from Canadian regions during the COVID-19 pandemic," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 74(3), pages 1-22, September.
    20. 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.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:bba:j00008:v:1:y:2023:i:2:p:1-25:d:104. 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: Ramona Wang (email available below). General contact details of provider: https://www.anserpress.org .

    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.