Assessing economic resilience in a manufacturing-based region through industrial restructuring with environmental thresholds: An updating framework

Cheng Peng, Yawen Qiao, Hai Long and Yaxing Wang

China Economic Review, 2025, vol. 92, issue C

Abstract: Short run economic recovery from external shocks has been extensively discussed; however, the contribution of industrial reshaping strategies to economic resilience for coping with slow-burning shocks has not been adequately investigated. Examining data from 41 cities in China's Yangtze River Economic Zone during 2011–2020, this study develops a theoretical framework to investigate how industrial restructuring facilitated regional economic recovery from the 2008 global financial crisis in the long run. The updating framework shows that industrial reshaping may robustly promote regional economic resilience in the restructuring process, and that both technology- and innovation-based strategies are more significant and promoted in developed regions. Environmental governance has a positive mediating effect on the relationship when local environmental intensity is beyond the threshold value; otherwise, it has a negative effect. This study provides crucial reference values for the government to adopt an appropriate strategy to aid regional economic recovery from external shocks at different resilience stages, particularly in the restructuring process.

Keywords: Industrial restructuring; Economic resilience; Environmental threshold; Regional economy (search for similar items in EconPapers)
JEL-codes: O11 O44 R11 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:92:y:2025:i:c:s1043951x25000999

DOI: 10.1016/j.chieco.2025.102441

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