The Impact of Collaborative Agglomeration of Digital Finance and Circu-lation Industry on Regional Economic Resilience
Based on the panel data of 30 provinces and regions in China from 2011-2021,this pa-per constructs a fixed effect model,a systematic GMM model and a spatial lag model to empirically ex-amine the impact mechanism of the collaborative agglomeration of digital finance and circulation indus-tries on regional economic resilience.The research shows that the collaborative agglomeration of digital finance and circulation industry directly improves the resilience of regional economy,and has regional heterogeneity.The upgrading of the circulation industry structure strengthens the effect of digital finance and circulation industry synergy and agglomeration on regional economic resilience,and shows a decreas-ing trend from east to west.The collaborative agglomeration of digital finance and circulation industry enhances the economic resilience of neighboring regions through spatial spillovers.Based on this,the ar-ticle puts forward some policy suggestions,such as deepening the digital reform of the financial system,speeding up the construction of a unified market for digital financial services and circulation services,and broadening the coverage of digital financial services.
digital financecollaborative agglomerationcirculation industryregional economic resil-ience