Research on the Spatial Spillover Effect of Technological Innovation on Urban Economic Resilience:Also on the Regulating Effect of Financial Agglomeration
Based on panel data from 277 prefecture-level cities and above from 2008 to 2021,a two-way fixed effects spatial Durbin model was used to analyze the impact and mechanism of technological innovation on urban economic resilience.The results show that technological innovation significantly enhances urban economic resilience and has a positive spatial spillover effect on neighboring cities;In different periods,technological innovation significantly promotes urban economic resilience in both shock resistance and recovery adjustment phases;The test for moderating effects reveals that financial agglomeration strengthens the positive impact of technological innovation on urban economic resilience.Therefore,it is crucial to continuously advance the level of technological innovation,optimize the efficiency of financial resource allocation,and enhance the support of finance for technological innovation in order to enhance urban economic resilience.
technological innovationfinancial agglomerationurban economic resiliencespatial Durbin model