Open Access Journal Article

The role of financial drivers on regional economic resilience: Does information technology level matter?

by Xiaoli Hao 1,*  and  Junhong Qu 2
School of Economics and Management, Xinjiang University, Urumqi 830047, China
School of Economic and Management, Southeast University, Nanjing 210000, China
Author to whom correspondence should be addressed.
Received: 10 January 2023 / Accepted: 12 March 2023 / Published: 1 July 2023


Economic globalization has intensified economic volatility around the world, and the importance of economic resilience has become increasingly prominent in the face of rising uncertainty due to frequent domestic and foreign shocks. Based on provincial panel data in China from 2008-2019, a comprehensive indicator system is constructed to measure regional economic resilience (RER), and the impact of financial driver (FD) on RER is explored from staged, pathway and non-linear perspectives. The main findings are as follows. (1) Both national and regional levels of FD and RER show an upward trend, and the impact of FD on RER has an “inverted-U” shape: as the capacity of FD increases, its impact on regional economic resilience shifts from promoting to inhibiting. The RER has significant spatial agglomeration characteristic. (2) Interestingly, staged analysis shows FD can significantly promote RER only when it is in the “recovery stage”. (3) The pathway analysis of its effect on regional economic resilience shows the following characteristics: financial scale > financial efficiency > financial deepening. (4) From different regions, there are significant differences in the effect of FD on the promotion of regional economic resilience: central region > western region > eastern region. Finally, the corresponding suggestions were provided.

Copyright: © 2023 by Hao and Qu. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Hao, X.; Qu, J. The role of financial drivers on regional economic resilience: Does information technology level matter?. Journal of Information Economics, 2023, 1, 6.
AMA Style
Hao X, Qu J. The role of financial drivers on regional economic resilience: Does information technology level matter?. Journal of Information Economics; 2023, 1(2):6.
Chicago/Turabian Style
Hao, Xiaoli; Qu, Junhong 2023. "The role of financial drivers on regional economic resilience: Does information technology level matter?" Journal of Information Economics 1, no.2: 6.
APA style
Hao, X., & Qu, J. (2023). The role of financial drivers on regional economic resilience: Does information technology level matter?. Journal of Information Economics, 1(2), 6.

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