 How does technological progress affect provincial financial resilience? Evidence at the provincial level in ChinaDandan Xu and Yuting Liu Emerging Markets Review, 2024, vol. 60, issue C Abstract: The ever-changing global economy and sudden global public health events have posed challenges to financial resilience worldwide. As its important role in maintaining domestic economic stability, safeguarding national security, and enhancing international status, financial resilience has long been widely studied. However, few studies have empirically explored how technological progress affects financial resilience. Based on data from 30 provinces in China, this study adopts a panel two-way fixed effect model to identify the impact of technological progress on financial resilience and the underlying mechanisms. Results show that technological progress can significantly enhance financial resilience, and this impact is stronger in provinces with large population size, high employment proportion in the tertiary sector, high social consumption capacity, and provinces located in Central China. Further, technological progress have a positive impact on financial resilience through increased asset liquidity and government intervention. Keywords: Technological progress; Financial resilience; Heterogeneity; Mechanism; China (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:60:y:2024:i:c:s1566014124000323 DOI: 10.1016/j.ememar.2024.101137 Access Statistics for this article Emerging Markets Review is currently edited by Jonathan A. Batten More articles in Emerging Markets Review from Elsevier |
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