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Article

The Effect of Innovative Entrepreneurial Vitality on Economic Resilience Based on a Spatial Perspective: Economic Policy Uncertainty as a Moderating Variable

by 1,2, 1,2,†, 1,2,†, 1,2,3,* and 1,2,*
1
School of Economics and Management, Xinjiang University, Urumqi 830047, China
2
Center for Innovation Management of Xinjiang, Xinjiang University, Urumqi 830047, China
3
Key Laboratory of Sustainable Development of Historical and Cultural Tourism in Xinjiang, Urumqi 830047, China
*
Authors to whom correspondence should be addressed.
These authors contributed equally and should be considered co-first authors.
Academic Editor: Antonio Boggia
Sustainability 2021, 13(19), 10677; https://doi.org/10.3390/su131910677
Received: 31 July 2021 / Revised: 16 September 2021 / Accepted: 23 September 2021 / Published: 26 September 2021
This study measured the economic resilience of 269 prefecture-level cities in China by constructing an indicator evaluation system for the resilience, adjustment, and responsiveness of the economic system under external shocks. A dynamic spatial Durbin model and a moderating mediation model were employed to analyze empirically the impact of economic policy uncertainty and innovative entrepreneurial vitality on economic resilience using prefecture-level panel data from 2004 to 2018. The statistical results revealed that there were significant “snowball” effects and spatial spillover characteristics of economic resilience. Under the moderating effect of economic policy uncertainty, innovative entrepreneurial vitality was found to have a significant positive effect on economic resilience. Furthermore, innovative entrepreneurial vitality was found to enhance economic resilience significantly by upgrading the industrial structure, alleviating the income gap, and guiding economic agglomeration in the context of economic policy uncertainty. Moreover, the impacts of innovative entrepreneurial vitality and economic policy uncertainty on economic resilience, respectively, showed significant heterogeneities in terms of the cities’ regions and economic sizes. The above-mentioned results were found to be valid even after a series of robustness tests were carried out. View Full-Text
Keywords: innovative entrepreneurial vitality; economic policy uncertainty; economic resilience; mediated moderation effect; dynamic spatial Durbin model innovative entrepreneurial vitality; economic policy uncertainty; economic resilience; mediated moderation effect; dynamic spatial Durbin model
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MDPI and ACS Style

Wang, W.; Wang, J.; Wulaer, S.; Chen, B.; Yang, X. The Effect of Innovative Entrepreneurial Vitality on Economic Resilience Based on a Spatial Perspective: Economic Policy Uncertainty as a Moderating Variable. Sustainability 2021, 13, 10677. https://doi.org/10.3390/su131910677

AMA Style

Wang W, Wang J, Wulaer S, Chen B, Yang X. The Effect of Innovative Entrepreneurial Vitality on Economic Resilience Based on a Spatial Perspective: Economic Policy Uncertainty as a Moderating Variable. Sustainability. 2021; 13(19):10677. https://doi.org/10.3390/su131910677

Chicago/Turabian Style

Wang, Weilong, Jianlong Wang, Shaersaikai Wulaer, Bing Chen, and Xiaodong Yang. 2021. "The Effect of Innovative Entrepreneurial Vitality on Economic Resilience Based on a Spatial Perspective: Economic Policy Uncertainty as a Moderating Variable" Sustainability 13, no. 19: 10677. https://doi.org/10.3390/su131910677

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