IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v91y2026ics1544612325025371.html

Local government debt management system, digital finance, and regional economic resilience: A quasi-natural experiment

Author

Listed:
  • Ding, Qiaoying
  • Deng, Yanfang

Abstract

In today's complex and volatile economic environment, regional economies face numerous uncertainties, making the enhancement of regional economic resilience a key issue for ensuring stable and sustainable development. Using provincial data from China for 2009–2023, this paper employs multiple empirical methods to explore the intrinsic linkages and mechanisms among local government debt management systems (Reform_DID), digital finance, and regional economic resilience. The findings indicate a significant positive relationship between the Reform_DID and regional economic resilience; that is, a rational and well-designed debt management system helps strengthen regional economic resilience. Further analysis shows that the promotion effect of the debt management system on regional economic resilience is heterogeneous between regions with high and low levels of human capital. Meanwhile, the development of digital finance plays a significant mediating role in the relationship between the debt management system and regional economic resilience, with the strength of this mediation differing between regions with high and low fiscal self-sufficiency.

Suggested Citation

  • Ding, Qiaoying & Deng, Yanfang, 2026. "Local government debt management system, digital finance, and regional economic resilience: A quasi-natural experiment," Finance Research Letters, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:finlet:v:91:y:2026:i:c:s1544612325025371
    DOI: 10.1016/j.frl.2025.109288
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325025371
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.109288?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    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:eee:finlet:v:91:y:2026:i:c:s1544612325025371. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    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.