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Green innovation ecosystems, green finance, and economic resilience in forest resource-based cities

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  • Yao, Jun
  • Li, Huajing
  • Cai, Zhiwei
  • Li, Changhong

Abstract

Green innovation ecosystems, fueled by green finance, play a crucial role in the sustainable economic and societal development of forest resource-based cities (FRCs). This study illuminates three distinct mechanisms by which these ecosystems bolster economic resilience: the green finance pathway (enabled by technological innovation), the government-enterprise collaboration pathway, and the knowledge creation-human resources pathway (driven by support and guidance). Additionally, the study suggests that knowledge creation and technological innovation configurations can act as substitutes in enhancing the economic resilience of FRCs with particular endowments. These findings provide valuable theoretical insights and practical guidance for strengthening FRCs' economic resilience through green innovation ecosystems.

Suggested Citation

  • Yao, Jun & Li, Huajing & Cai, Zhiwei & Li, Changhong, 2026. "Green innovation ecosystems, green finance, and economic resilience in forest resource-based cities," Finance Research Letters, Elsevier, vol. 88(C).
    • Handle: RePEc:eee:finlet:v:88:y:2026:i:c:s1544612325024213
    DOI: 10.1016/j.frl.2025.109172
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    References listed on IDEAS

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    1. Umar, Muhammad & Safi, Adnan, 2023. "Do green finance and innovation matter for environmental protection? A case of OECD economies," Energy Economics, Elsevier, vol. 119(C).
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    3. Wei, Na, 2024. "Green finance, market integration, and regional economic resilience," Finance Research Letters, Elsevier, vol. 67(PA).
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