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Digital transformation and economic resilience in resource-based cities: A Quasi-natural experiment

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  • Li, Nanbo
  • Wang, Xinyang
  • Lan, Zhu

Abstract

This study employs a multi-period difference-in-differences model to estimate the causal effect of the Broadband China Policy on the economic resilience of resource-based cities, using panel data from 2004 to 2022. The research findings indicate that: (1) Digital transformation significantly enhances the economic resilience of resource-based cities, and this conclusion is robust across a series of robustness tests; (2) The key mechanism underlying this effect lies in the correction of factor misallocation; (3) Heterogeneity analysis shows that the effect is more pronounced before the COVID-19 pandemic and among stable-type cities located east of the Hu Huanyong Line. This study provides policy implications for resource-based cities to achieve safety and sustainable development through digital transformation.

Suggested Citation

  • Li, Nanbo & Wang, Xinyang & Lan, Zhu, 2026. "Digital transformation and economic resilience in resource-based cities: A Quasi-natural experiment," Finance Research Letters, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:finlet:v:91:y:2026:i:c:s1544612325026716
    DOI: 10.1016/j.frl.2025.109422
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