Impact of Digital Finance on Region-al Economic Resilience——Empirical Research Based on The Yangtze River Delta Urban Agglomeration
Under the new development pattern of"Double Circulation",enhancing the economic resilience of various regions in China is an important way to ensure the high-quality development of regional economy.Tak-ing 27 cities in the Yangtze River Delta as the research object,this paper constructs a comprehensive index of economic resilience from three dimensions:resistance,resilience,and evolutionary power,and explores the im-pact effect and mechanism of digital finance on regional economic resilience.The study found that digital fi-nance has significant promoting effects on the resistance,resilience,and evolutionary power of regional eco-nomic resilience,and enhancing regional resistance is the main promotion path.The level of regional economic resilience development is affected by three dimensions:the coverage breadth,depth of use,and degree of digi-talization of digital finance.Among them,expanding the coverage breadth of digital finance has the greatest im-pact on it,followed by increasing the depth of use,and then by improving the degree of digitalization.There is regional heterogeneity in the impact of digital finance on regional economic resilience,with the effect of central cities being greater than that of peripheral cities,that is,the more important the administrative division is,the more obvious its impact effect.Digital finance can promote regional economic resilience through improved re-gional innovation capability.
Digital FinanceRegional Economic ResilienceRegional Innovation CapabilityHeterogeneity