Does digital transformation promote economic resilience? Urban-level evidence from China

Ji, Zhiying; Huang, Yuting

doi:10.1016/j.heliyon.2024.e26461

Cited by 2 publications

(2 citation statements)

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“…Thus, we emphasize the importance of economic fluctuations and ability of the economic system to resist risks. Furthermore, given that Lv and Chen categorized NEDC as part of digital transformation, Ji ang Huang found that the Broadband China strategy and digital transformation significantly increase the economy's resilience to external shocks [49]. However, the authors failed to consider the driving role of the construction of NEDC.…”

Section: Discussionmentioning

confidence: 99%

“…The other is the indicator system method, which systematically captures the evolving characteristics of economic resilience using various variables highly correlated with economic fluctuation [43]. Second, studies have shown that factors such as financial development [44], population agglomeration [45], regional innovation [46], industrial structure [47], government intervention [48], and digital transformation [49] can affect urban economic resilience.…”

Section: Literature Reviewmentioning

confidence: 99%

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Can urban e-commerce transformation improve economic resilience? a quasi-natural experiment from China

Zhang,

Tang,

2024

PLoS ONE

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The impact of urban e-commerce transformation on economic resilience can help a country improve its ability to resist risks and seize the initiative in economic development. This study examines the impact of the construction of the National E-commerce Demonstration City (NEDC) on economic resilience using the staggered different-in-differences approach using a sample of 282 Chinese cities from 2006 to 2020. The results show NEDC construction significantly strengthens urban economic resilience. This result remains robust after undergoing placebo test, exclusion of other policies interference, and examining endogeneity. Furthermore, noteworthy heterogeneity exists in the effect of NEDC construction on urban economic resilience, particularly in eastern, developed regions, and cities with high Internet penetration. The mechanisms analysis indicates that NEDC construction enhances urban economic resilience by expanding the scale of urban employment and enhancing market dynamism. Overall, this study refines the causal relationship between e-commerce development and urban economic resilience, providing empirical evidence and policy insights for China and other countries to enhance urban economic resilience and stabilize macroeconomic fluctuations.

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Section: Discussionmentioning

confidence: 99%