The Impact of the Digital Economy on Tourism Economic Resilience and Its Spatial Effects—Evidence from the Yangtze River Basin, China
Abstract
1. Introduction
2. Literature Review
3. Theoretical Analysis and Research Hypotheses
3.1. Direct Effects of the Digital Economy on Tourism Economic Resilience
3.2. Mediating Effects of the Digital Economy on Tourism Economic Resilience
3.3. Spatial Spillover Effects of the Digital Economy on Tourism Economic Resilience
4. Data Sources and Research Methods
4.1. Analysis of the Measurement Results of Tourism Economic Resilience
4.2. Data Sources and Processing
4.3. Variable Definitions
4.3.1. Tourism Economic Resilience (Res)
4.3.2. Digital Economy (Dig)
4.3.3. Mediating Variables
4.3.4. Control Variables
4.4. Econometric Model Specification
4.4.1. Baseline Regression Model
4.4.2. Mediating Effect Model
4.4.3. Spatial Panel Durbin Model
5. Results and Analysis
5.1. Baseline Regression Results
5.2. Endogeneity Test
5.3. Robustness Tests
5.4. Mediating Effects of the Digital Economy
5.5. Heterogeneity Analysis
5.6. Spatial Spillover Effects of the Digital Economy
6. Discussion and Conclusions
6.1. Conclusions
6.2. Policy Implications
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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| Basin | Province | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Mean |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Up reaches | Qinhai | 0.125 | 0.165 | 0.130 | 0.157 | 0.157 | 0.150 | 0.168 | 0.173 | 0.184 | 0.163 | 0.171 | 0.150 | 0.184 | 0.160 |
| Sichuan | 0.189 | 0.218 | 0.220 | 0.228 | 0.253 | 0.247 | 0.261 | 0.289 | 0.322 | 0.323 | 0.350 | 0.335 | 0.357 | 0.276 | |
| Tibet | 0.172 | 0.208 | 0.188 | 0.220 | 0.242 | 0.227 | 0.270 | 0.260 | 0.265 | 0.246 | 0.232 | 0.251 | 0.281 | 0.236 | |
| Yunnan | 0.173 | 0.194 | 0.199 | 0.209 | 0.223 | 0.241 | 0.262 | 0.274 | 0.311 | 0.221 | 0.234 | 0.253 | 0.286 | 0.237 | |
| Chongqing | 0.143 | 0.174 | 0.170 | 0.173 | 0.185 | 0.190 | 0.201 | 0.220 | 0.229 | 0.194 | 0.231 | 0.224 | 0.260 | 0.200 | |
| Middle reaches | Hubei | 0.177 | 0.206 | 0.209 | 0.251 | 0.270 | 0.282 | 0.296 | 0.301 | 0.315 | 0.274 | 0.302 | 0.308 | 0.345 | 0.272 |
| Hunan | 0.203 | 0.225 | 0.222 | 0.267 | 0.270 | 0.281 | 0.276 | 0.291 | 0.326 | 0.309 | 0.308 | 0.315 | 0.357 | 0.281 | |
| Jiangxi | 0.164 | 0.182 | 0.201 | 0.227 | 0.248 | 0.261 | 0.285 | 0.318 | 0.335 | 0.298 | 0.320 | 0.309 | 0.348 | 0.269 | |
| Lower reaches | Shanghai | 0.234 | 0.262 | 0.252 | 0.249 | 0.258 | 0.278 | 0.294 | 0.312 | 0.310 | 0.302 | 0.326 | 0.309 | 0.355 | 0.288 |
| Jiangsu | 0.365 | 0.414 | 0.397 | 0.402 | 0.427 | 0.436 | 0.449 | 0.489 | 0.505 | 0.508 | 0.576 | 0.538 | 0.559 | 0.467 | |
| Anhui | 0.231 | 0.263 | 0.248 | 0.269 | 0.277 | 0.311 | 0.318 | 0.337 | 0.358 | 0.308 | 0.339 | 0.338 | 0.386 | 0.306 |
| Overall Indicator | First-Level Indicator | Second-Level Indicator | Indicator Description |
|---|---|---|---|
| Tourism Economic Resilience | Resistance Capacity | Tourism Resource Endowment | Total GDP |
| Number of tourists/resident population | |||
| Environmental Governance | Provincial environmental governance expenditure/GDP | ||
| Green coverage rate | |||
| Rationalization of Tourism Industrial Structure | Total tourism revenue/value added of the tertiary industry | ||
| Upgrading of Tourism Industrial Structure | Increment of tourism revenue/increment of the tertiary industry | ||
| Recovery Capacity | Impact of Tourism Economic Vulnerability | Centralized sewage treatment rate | |
| Harmless treatment rate of domestic waste | |||
| Regional unemployment rate | |||
| Tourism Infrastructure | Number of travel agencies, star-rated hotels, and 5A scenic spots | ||
| Employees in travel agencies, star-rated hotels, and tourist attractions | |||
| Consumption Potential | Disposable income | ||
| Tourism Economic Resilience | Renewal Capacity | Tourism Reception Capacity | Tourist turnover |
| Renewal Input | Fiscal expenditure on science and technology/GDP | ||
| Local fiscal expenditure on education/GDP | |||
| Renewal Output | Number of patents granted |
| Overall Indicator | First-Level Indicator | Second-Level Indicator | Indicator Description |
|---|---|---|---|
| Digital Economy | Digital Infrastructure | Digital Foundation | Number of domain names |
| Mobile phone penetration rate | |||
| Length of optical fiber cables | |||
| Number of Internet access ports | |||
| Economic Development Environment | GDP per capita | ||
| Residents’ consumption level | |||
| Tourism and outbound consumption price index (previous year = 100) | |||
| Digital Industrialization | Employment | Employees in transportation, warehousing, and postal services | |
| Employees in information transmission, computer services, and software industries | |||
| Development Scale | Total telecommunications business volume | ||
| Total postal business volume | |||
| Science and technology expenditure | |||
| Industrial Digitalization | Digital Inclusive Finance | Industrial Innovation | |
| Industrial Innovation | Total foreign direct investment |
| Variable | Symbol | Observations | Mean | S.D. | Min | Max |
|---|---|---|---|---|---|---|
| Tourism Economic Resilience | res | 143 | 0.27 | 0.090 | 0.12 | 0.58 |
| Digital Economy | dig | 143 | 0.21 | 0.16 | 0.01 | 0.72 |
| Regional Economic Level | area | 143 | 10.92 | 0.49 | 9.91 | 12.16 |
| Tax Burden Level | lntax | 143 | −2.60 | 0.33 | −3.17 | −1.67 |
| Government Intervention Level | fis | 143 | 0.34 | 0.31 | 0.12 | 1.35 |
| Transportation Infrastructure | tran | 143 | 14.08 | 1.89 | 8.78 | 16.13 |
| Financial Development Level | fin | 143 | 1.50 | 0.52 | 0.67 | 3.00 |
| Variable | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
| Res | Res | Res | Res | Res | |
| Dig | 0.4536 *** | 0.4615 *** | 0.4896 *** | 0.5408 *** | 0.3842 *** |
| (0.0250) | (0.0238) | (0.0273) | (0.0466) | (0.0461) | |
| Area | −0.0473 ** | −0.0525 *** | −0.0495 *** | 0.0542 *** | |
| (0.0115) | (0.0116) | (0.0118) | (0.0181) | ||
| LnTax | 0.0282 ** | 0.0286 ** | 0.2190 *** | ||
| (0.0140) | (0.0139) | (0.0300) | |||
| Fis | −0.0196 | 0.0425 *** | |||
| (0.0144) | (0.0153) | ||||
| Tran | 0.0423 *** | ||||
| (0.0061) | |||||
| Constant | 0.1749 *** | 0.0501 | 0.0208 | 0.2311 | −0.8044 *** |
| (0.0067) | (0.0309) | (0.0338) | (0.1586) | (0.2028) | |
| Observations | 143 | 143 | 143 | 143 | 143 |
| R-squared | 0.700 | 0.732 | 0.740 | 0.743 | 0.810 |
| Variable | (1) | (1) | (1) |
|---|---|---|---|
| Res-iv1 | Res-iv2 | Res-iv1 + iv2 | |
| Dig | 11.252 *** | 10.860 *** | 11.1896 *** |
| (1.3525) | (2.1165) | (1.4037) | |
| Constant | 2014.593 *** | 2014.677 *** | 2014.607 *** |
| (0.4459) | (0.6116) | (0.4621) | |
| Kleibergen-Paaprk LM Statistic | 24.231 *** (0.000) | 13.865 *** (0.0002) | 25.226 *** (0.000) |
| Kleibergen-Paaprk Wald F Statistic | 101.945 | 106.242 | 133.088 |
| Observations | 143 | 143 | 143 |
| R-squared | 0.2672 | 0.2655 | 0.2669 |
| Variable | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| Alternative Dependent Variable | Excluding Special Years | Excluding Extreme Values | Adding Control Variables | |
| Dig | 1.5441 *** | 0.1698 *** | 0.3537 *** | 0.3110 *** |
| (0.3488) | (0.0527) | (0.0451) | (0.0454) | |
| Area | 0.1444 | 0.0977 *** | 0.0417 *** | 0.0934 *** |
| (0.1160) | (0.0158) | (0.0150) | (0.0177) | |
| Lntax | 0.2431 * | 0.0044 | 0.0570 *** | 0.0753 *** |
| (0.1369) | (0.0143) | (0.0174) | (0.0173) | |
| Fis | 0.5118 ** | 0.1704 *** | 0.2123 *** | 0.2914 *** |
| (0.2269) | (0.0176) | (0.0289) | (0.0316) | |
| Tran | 0.3085 *** | 0.2413 *** | 0.0417 *** | 0.0458 *** |
| (0.0462) | (0.0262) | (0.0059) | (0.0057) | |
| COVID | −0.0173 * | |||
| (0.0090) | ||||
| Fin | −0.0509 *** | |||
| (0.0105) | ||||
| Constant | −4.9927 *** | −1.0107 *** | −0.7716 *** | −1.2860 *** |
| (1.5328) | (0.1729) | (0.1987) | (0.2126) | |
| Observations | 143 | 143 | 139 | 143 |
| R-squared | 0.799 | 0.856 | 0.791 | 0.838 |
| Variable | Level of Openness | Level of Technological Innovation | |||
|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | |
| Res | Res | Res | Open | Tech | |
| Dig | 0.4536 *** | 0.5011 *** | 0.4645 *** | 0.9196 *** | 0.0741 ** |
| (0.0250) | (0.0280) | (0.0250) | (0.1317) | (0.0346) | |
| Open | −0.0516 *** (0.0155) | ||||
| Tech | −0.1476 ** | ||||
| (0.0598) | |||||
| Constant | 0.1749 *** | 0.1772 *** | 0.1957 *** | 0.0454 | 0.1411 *** |
| (0.0067) | (0.0065) | (0.0107) | (0.0350) | (0.0092) | |
| Observations | 143 | 143 | 143 | 143 | 143 |
| R-squared | 0.700 | 0.722 | 0.712 | 0.257 | 0.031 |
| Variable | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
| Three Major Economic Zones | Non-Major Economic Zones | Upper Reaches | Middle Reaches | Lower Reaches | |
| Res | Res | Res | Res | Res | |
| Dig | 0.171 ** | 0.205 *** | 0.244 *** | 0.0318 | 0.171 ** |
| (0.0776) | (0.0490) | (0.0455) | (0.0819) | (0.0776) | |
| Constant | −0.593 | −0.960 *** | −0.721 *** | −1.776 *** | −0.593 |
| (0.462) | (0.158) | (0.140) | (0.268) | (0.462) | |
| Control Variables | Yes | Yes | Yes | Yes | Yes |
| Individual Fixed Effects | Yes | Yes | Yes | Yes | Yes |
| Time Fixed Effects | Yes | Yes | Yes | Yes | Yes |
| Observations | 39 | 104 | 65 | 39 | 39 |
| R-squared | 0.940 | 0.820 | 0.871 | 0.909 | 0.940 |
| Test Statistic | Test Type | Statistic Value | p-Value |
|---|---|---|---|
| LM (LAG) | Spatial Lag | 8.824 | <0.01 |
| LM (ERR) | Spatial Error | 113.687 | <0.001 |
| R-LM (LAG) | Spatial Lag | 4.402 | <0.05 |
| R-LM (ERR) | Spatial Error | 109.265 | <0.001 |
| Wald (LAG) | Spatial Lag | 17.69 | <0.01 |
| Wald (ERR) | Spatial Error | 12.91 | <0.05 |
| LR (LAG) | Spatial Lag | 37.13 | <0.001 |
| LR (ERR) | Spatial Error | 29.15 | <0.001 |
| LR-test | Individual Fixed Effects | 57.01 | <0.001 |
| LR-test | Time Fixed Effects | 190.45 | <0.001 |
| Year | Digital Economy | Tourism Economic Resilience | ||
|---|---|---|---|---|
| Moran’sI | z-Value | Moran’sI | z-Value | |
| 2011 | 0.0519 | 1.8689 | 0.1011 | 3.0092 |
| 2012 | 0.0588 | 1.9690 | 0.0892 | 3.0220 |
| 2013 | 0.0348 | 1.6762 | 0.0779 | 2.7201 |
| 2014 | 0.0321 | 1.6167 | 0.0846 | 2.6565 |
| 2015 | 0.0355 | 1.6395 | 0.0470 | 2.1586 |
| 2016 | 0.0552 | 1.8626 | 0.1360 | 3.1969 |
| 2017 | 0.0568 | 1.8884 | 0.1149 | 2.9733 |
| 2018 | 0.0546 | 1.9012 | 0.1044 | 2.8810 |
| 2019 | 0.0487 | 1.8338 | 0.0640 | 2.2303 |
| 2020 | 0.0363 | 1.6737 | 0.0155 | 1.6157 |
| 2021 | 0.0855 | 2.2100 | 0.0346 | 1.9680 |
| 2022 | 0.0864 | 2.2060 | 0.0354 | 1.9201 |
| 2023 | 0.0743 | 2.1042 | 0.0859 | 2.5344 |
| Variable | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| Main | Wx | Spatial | Variance | |
| Dig | 0.0959 *** | −0.327 * | ||
| (0.0341) | (0.197) | |||
| Area | 0.106 * | −0.229 | ||
| (0.0639) | (0.326) | |||
| LnTax | 0.0293 * | 0.220 ** | ||
| (0.0172) | (0.106) | |||
| Fis | 0.232 *** | 0.339 | ||
| (0.0416) | (0.334) | |||
| Tran | −0.0154 | −0.0728 | ||
| (0.0118) | (0.0679) | |||
| rho | −0.821 *** | |||
| (0.225) | ||||
| sigma2_e | 0.000165 *** | |||
| (1.97 × 10−5) | ||||
| Observations | ||||
| R-squared | 143 | 143 | 143 | 143 |
| Numberofid | 0.093 | 0.093 | 0.093 | 0.093 |
| Variable | (1) | (2) | (3) |
|---|---|---|---|
| Direct | Indirect | Total | |
| Dig | 0.130 *** | −0.260 ** | −0.130 |
| (0.0351) | (0.118) | (0.122) | |
| Area | 0.137 ** | −0.204 | −0.0671 |
| (0.0597) | (0.193) | (0.213) | |
| LnTax | 0.0118 | 0.125 * | 0.136 ** |
| (0.0137) | (0.0672) | (0.0689) | |
| Inf | 0.226 *** | 0.0627 | 0.289 |
| (0.0483) | (0.217) | (0.198) | |
| Tran | −0.0115 | −0.0449 | −0.0565 |
| (0.0111) | (0.0391) | (0.0453) | |
| Observations | 143 | 143 | 143 |
| R-squared | 0.093 | 0.093 | 0.093 |
| Numberofid | 11 | 11 | 11 |
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© 2026 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license.
Share and Cite
Zhu, J.; Fang, K.; Sun, Y.; Yu, J. The Impact of the Digital Economy on Tourism Economic Resilience and Its Spatial Effects—Evidence from the Yangtze River Basin, China. Sustainability 2026, 18, 2299. https://doi.org/10.3390/su18052299
Zhu J, Fang K, Sun Y, Yu J. The Impact of the Digital Economy on Tourism Economic Resilience and Its Spatial Effects—Evidence from the Yangtze River Basin, China. Sustainability. 2026; 18(5):2299. https://doi.org/10.3390/su18052299
Chicago/Turabian StyleZhu, Jinyue, Keyan Fang, Yan Sun, and Jiali Yu. 2026. "The Impact of the Digital Economy on Tourism Economic Resilience and Its Spatial Effects—Evidence from the Yangtze River Basin, China" Sustainability 18, no. 5: 2299. https://doi.org/10.3390/su18052299
APA StyleZhu, J., Fang, K., Sun, Y., & Yu, J. (2026). The Impact of the Digital Economy on Tourism Economic Resilience and Its Spatial Effects—Evidence from the Yangtze River Basin, China. Sustainability, 18(5), 2299. https://doi.org/10.3390/su18052299

