What Matters for Regional Economic Resilience Amid Multi Shock Situations: Structural or Agency? Evidence from Resource-Based Cities in China
Abstract
:1. Introduction
2. Possible Influencing Factors of Regional Economic Resilience under Multi Shock Situations: Structural Factors and Agency-Based Factors
2.1. Structural Factors
2.1.1. Industry Structure
2.1.2. Basic Industrial Composition
2.1.3. Opening to the Global Economy
2.2. Agency-Based Factors
2.2.1. Investment Decisions
2.2.2. Pandemic Control
3. Study Area and Research Methods
3.1. Study Area
3.2. Research Methodology
3.2.1. Regional Economic Resilience Measurements
3.2.2. Spatial Econometric Model
Spatial Autocorrelation Moran Index
Spatial Econometric Model
3.3. Indicator Selection and Data Description
4. Research Results
4.1. Differences in Regional Economic Resilience under Multi Shock Situations
4.2. Determinants of Regional Economic Resilience in Multi Shock Situations
5. Conclusions and Discussion
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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Variable | Definition | Unit |
---|---|---|
Regional economic resilience | The index of resistance | |
Industrial composition | The ratio of the added value of secondary industry and territory industry (IND) | % |
Specialization | The index of HHI (SPEC) | |
Diversification | The index of EI (DIV) | |
Economic openness | The proportion of total import and export trade in GDP (OPE) | % |
Investment decisions | The ratio of fixed asset investment and GDP (FIX) | % |
The ratio of local fiscal expenditure and GDP (FIS) | % | |
Pandemic control | The number of confirmed cases (COF) | Person |
Economic level | GDP per capita (GDP) | RMB/person |
Medical foundation | The number of hospital beds (HOP) | Set |
2007–2009 | 2019–2020 | |
---|---|---|
Moran’s I | 0.310 | 0.270 |
p value | 0.001 | 0.003 |
Financial Crisis (2007–2009) | COVID-19 Shock (2019–2020) | |||||
---|---|---|---|---|---|---|
OLS | SLM | SEM | OLS | SLM | SEM | |
constant | −1.685 | −0.529 | −1.682 | 27.918 *** | 27.408 *** | 28.493 *** |
SPEC | −3.961 * | −4.227 ** | −3.159 * | −11.159 | −10.143 | −10.473 |
DIV | −1.093 | −1.251 * | −1.014 | −4.723 *** | −4.108 ** | −3.912 ** |
IND | −0.242 *** | −0.221 *** | −0.228 *** | 0.825 ** | 0.872 ** | 0.792 ** |
OPE | 0.022 | −0.007 | −0.009 | 0.683 | 0.665 | 0.774 |
FIX | 1.020 *** | 1.019 *** | 1.137 *** | 0.726 ** | 0.658 * | 0.688 ** |
FIS | 1.799 * | 1.501 | 1.670 | −9.799 *** | −9.728 *** | −9.827 *** |
GDP | 0.477 *** | 0.389 *** | 0.432 *** | −1.467 ** | −1.521 ** | −1.622 ** |
COF | −0.362 *** | −0.354 *** | −0.349 *** | |||
HOP | −0.071 | −0.078 | −0.096 | |||
λ/ρ | 0.239 *** | 0.306 *** | 0.146 * | 0.137 | ||
R2 | 0.364 | 0.424 | 0.437 | 0.301 | 0.327 | 0.318 |
Log-L | −66.051 | −61.807 | −61.405 | −210.692 | −209.013 | −209.723 |
AIC | 148.102 | 141.163 | 138.809 | 441.384 | 440.025 | 439.446 |
SC | 169.991 | 166.239 | 160.699 | 468.746 | 470.124 | 466.808 |
LM-LAG | 8.478 *** | 3.961 ** | ||||
RLM-LAG | 0.873 | 2.739 * | ||||
LM-ERR | 8.005 *** | 1.902 | ||||
RLM-ERR | 0.401 | 0.680 |
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Li, L.; Liu, S.; Li, C.; Zhang, P.; Lo, K. What Matters for Regional Economic Resilience Amid Multi Shock Situations: Structural or Agency? Evidence from Resource-Based Cities in China. Sustainability 2022, 14, 5701. https://doi.org/10.3390/su14095701
Li L, Liu S, Li C, Zhang P, Lo K. What Matters for Regional Economic Resilience Amid Multi Shock Situations: Structural or Agency? Evidence from Resource-Based Cities in China. Sustainability. 2022; 14(9):5701. https://doi.org/10.3390/su14095701
Chicago/Turabian StyleLi, Liangang, Shuoya Liu, Chen Li, Pingyu Zhang, and Kevin Lo. 2022. "What Matters for Regional Economic Resilience Amid Multi Shock Situations: Structural or Agency? Evidence from Resource-Based Cities in China" Sustainability 14, no. 9: 5701. https://doi.org/10.3390/su14095701