Can Financial Agglomeration Effectively Enhance the Resilience of County Economy?:Analysis of Spatial Effects Based on 88 Counties(Cities)in Hunan Province
In face of the increasingly severe external environment and the impact of internal transformation of old and new driving forces,improving the resilience of county economies has become an important focus for maintaining the sustain-ability of urban-rural integration and achieving rural revitalization.This article uses the entropy method to measure the eco-nomic resilience of 88 counties(cities)in Hunan from 2011 to 2020 in terms of resistance and resilience.The spatial Durbin model is used to test the impact of financial agglomeration on the resilience of county economy.Research shows that the spa-tial agglomeration of county-level financial resources has a significant positive direct effect on the economic resilience of the region,and has a significant spatial spillover effect on surrounding areas,and the spatial spillover effect is greater than the direct effect.The spatial spillover effect of financial agglomeration is more obvious in counties with higher levels of economic development,and there is a significant"benefit dependence".Financial agglomeration enhances the resilience of county econ-omy by increasing entrepreneurship and stimulating innovation.In this regard,the development of county-level finance should break through regional restrictions,and regional financial centers should be established in counties(cities)with good economic development levels to gather financial resources so as to improve overall allocation efficiency.
resilience of county economyfinancial agglomerationspatial spillover effectregional differences
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