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Digital economy development and global value chain resilience

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  • Wang, Jinming
  • Zhang, Xin

Abstract

Amid rising geopolitical tensions, logistics bottlenecks, and climate-related disruptions, strengthening global value chain (GVC) resilience has become a pressing policy and research concern. This paper examines how digital economy development affects GVC resilience using a multidimensional panel fixed-effects model from 2013 to 2021. GVC resilience is measured using a novel entropy-weighted index that captures absorptive capacity, adaptive flexibility, and innovation-driven recovery. The baseline results show that digital development significantly enhances resilience. Mechanism analysis indicates that digitalization strengthens GVC participation structures, improves institutional environments, and generates synergies through information and communication technology services trade. Heterogeneity analysis reveals that these effects are more pronounced in developing economies and low-governance contexts.

Suggested Citation

  • Wang, Jinming & Zhang, Xin, 2026. "Digital economy development and global value chain resilience," Finance Research Letters, Elsevier, vol. 100(C).
    • Handle: RePEc:eee:finlet:v:100:y:2026:i:c:s1544612326005143
    DOI: 10.1016/j.frl.2026.109985
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