Digital finance and regional economic resilience: Theoretical framework and empirical test

Zehui Yu, Yiming Li and Lihua Dai

Finance Research Letters, 2023, vol. 55, issue PA

Abstract: A vast literature has explored the economic effects of digital finance (DF). But the mechanism of how DF affects regional economic resilience (RER) is still a "dark box". We theoretically analyze the relationship between DF and RER and perform an empirical test based on panel data for 31 provinces in China from 2011 to 2021. The results show that DF has a positive effect on regional economic resilience, but the effect is not consistent across subsystems. DF has positive spatial externalities, meaning that DF not only increases the local RER, but also has a positive impact on neighbouring areas.

Keywords: Digital finance; Regional economic resilience; Spatial econometrics; Transmission mechanisms (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323002921
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:55:y:2023:i:pa:s1544612323002921

DOI: 10.1016/j.frl.2023.103920

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().