Driving role of digital finance on economic resilience: threshold effects of industrial structure upgrading and social security

The purpose of this study was to analyze the role of universities in increasing social resilience and economic resilience through community empowerment. To achieve this goal, the research design used is structural equational modeling (SEM) by investigating the direct influence between community empowerment carried out by universities on social security, economic resilience, and community welfare both directly and indirectly. The method used is quantitative research with a survey approach. The research population is all poor people of Cirebon City as many as 26 thousand people spread over five sub-districts and 22 urban villages. The sampling technique is proportional random sampling technique. The sample size was obtained by using the formula for the number of indicators 27 multiplied by 5 to obtain a sample size of 185 people. The data was obtained by using a survey method by distributing questionnaires. The data were analyzed using the Smart-PLS 3.0 application. Based on the results of data analysis, it is concluded that there is a direct effect of community empowerment carried out by universities on social security, economic resilience, and community welfare. This study also found that there was a direct influence of social security and economic resilience on the welfare of the community. Furthermore, this study also found the indirect effect of community empowerment on community welfare through social security and through economic resilience.

Background. In the context of current challenges related to Ukraine's post-war recovery, ensuring the state's economic security becomes particularly relevant. Social entrepreneurship is viewed as a potential tool for stabilizing the socio-economic system, which can help address issues such as employment for vulnerable populations, reintegration of internally displaced persons and veterans, and restoration of regions affected by military actions. However, empirical research on the impact of social entrepreneurship on state economic security remains limited. In particular, there are no quantitative assessments of the relationship between social entrepreneurship sector development and economic security indicators. The Ukrainian methodology for assessing economic security does not include indicators related to social entrepreneurship, making it difficult to understand its real contribution to strengthening the state's economic resilience. Therefore, this research aims to fill this gap by conducting correlation analysis between the number of social enterprises in Ukraine and economic security sub-indices, which will empirically evaluate the nature and strength of this relationship. Research object. Social entrepreneurship in the context of ensuring the state's economic security. Methods. A comprehensive approach was applied to analyze Ukraine's economic security in the context of social entrepreneurship development. Theoretical research methods included analysis and synthesis of scientific literature to systematize the main approaches to evaluating economic security and social entrepreneurship. The logical method was used to construct the research sequence, structure the main analysis stages, and summarize the obtained results. The systematic approach helped identify relationships between economic security components and evaluate the integrating role of social entrepreneurship in ensuring it. The empirical part of the research was based on statistical methods of data processing and analysis. Descriptive statistics and correlation analysis were used to assess the dynamics and structure of economic security. Results. The historical evolution of methodological approaches to economic security assessment was analyzed, which evolved from military-centric models to integrative concepts that consider socio-economic aspects. It was established that modern approaches increasingly emphasize the role of economic systems' resilience in ensuring state security, making research into innovative tools such as social entrepreneurship relevant. The impact of social entrepreneurship on Ukraine's economic security was evaluated. It was found that this sector contributes to the stability of the social component of the economy and has a positive effect on regional development, particularly through job creation for vulnerable populations. Correlation analysis confirmed the relationship between social entrepreneurship development and investment innovation processes, as well as the importance of integrating social initiatives into economic security strategies. Сonclusion. The ability of social entrepreneurship to address key socio-economic issues, such as creating jobs for vulnerable populations and supporting sustainable regional development, has been proven. However, the level of social entrepreneurship development in Ukraine significantly lags behind EU countries, highlighting the need for state support, legislation improvement, and creation of a favorable regulatory environment. Social entrepreneurship has strong potential and serves as a stabilizing factor during periods of economic instability, but requires integration into economic security strategies to maximize its impact on economic system resilience. Correlation analysis of data demonstrated the relationship between social entrepreneurship and investment-innovation processes, and showed the need for integrating social initiatives into economic security strategies.

The impact of digital finance on regional economic resilience

Industrial structure or agency: What affects regional economic resilience? Evidence from resource-based cities in China

The occurrence of disasters has a great impact on the sustainable development of cities and regions. This makes the ability of urban economic system to deal with disaster risk and its ability to recover development after being disturbed by disasters become two important indicators to measure the economic resilience. Unlike the study of economic shocks, we identify sectors of the economy that are sensitive to disaster disturbances in urban systems. It is of great significance to explore the structure of economic activity which is related to improve the stability and driving force of urban economy resilience. This paper establishes the premise hypothesis according to the Urban Economy Basic Theory. The object is the structure of urban Basic and Non-Basic economic activities. Taking the Location Quotient as the observation index, the economic resilience level of disaster risk area was explored through the empirical study of Wenchuan earthquake. The results show that the Investment, Finance, Government Finance, Transportation and Social Welfare sectors are the endogenous drivers of the post-disaster economy, which can quickly stimulate economic recovery in the short term but lack of sustainability. Besides, the development of Industry, Retail Trade, Construction, Education and Health Care need to be driven by external support. In the short term, the growth rate is not significant, but it is the main driving force of long-term economic development after the disaster. On the other hand, Government Finance, Social Finance Investment, Construction, Transportation and Social Welfare departments have undergone reverse changes between Basic and Non-basic economic activities after the earthquake, indicating that the earthquake disaster has a subversive effect on the turbulence of regional economic structure. Therefore, on the basis of extending the perspective of economic resilience researches, this paper discusses the method for assessing urban economic resilience, and puts forward some suggestions on how to improve resilience in the disaster risk areas.

The Yasuni Biosphere Reserve (YBR) occupies a unique biogeographic position in the world, where the richness of the four taxa (amphibians, birds, mammals and vascular plants) reaches maximum diversity. However, threats to species conservation are latent: the opening of roads, illegal logging, the advance of the agricultural frontier, oil extraction and the trade of wild meat in the western sector of the reserve. This paper aims to evaluate the sustainability of natural resources in multicultural communities: 1) Waorani Indigenous and 2) Migrant settlers, settled in the Diversity and Life Strip (DLS) in the YBR. Three households were defined per community, selected from the snowball sampling method. Thus, three methodological processes were applied: 1) Sustainability of natural resources using the SAFA program (version 2.4.1), it has four dimensions Good Governance (GG), Environmental Integrity (EI), Economic Resilience (ER) and Social Welfare (SW); 2) Direct observation; and 3) Lacing algorithm with the GeoGebra program used for the calculation of areas of simple polygons. The results showed that the dimension of least sustainability was ER in indigenous households and in-migrant settler households it was ER and SW. The largest sustainability area of 25,12 u2 in the migrant settler household1, while in Waorani indigenous the worst sustainability area had a value of 18,69 u2. The programs allow to promote a better understanding of the dynamics of the sustainability of natural resources. The issues identified as limited in the communities are a priority to improve sustainability.

Enhancing economic resilience is crucial to sustainable development. However, issues such as resource misallocation and financing difficulties have severely impacted supply chain stability and security. The rise of digital finance presents potential solutions to these problems. Based on panel data from 30 provinces in China from 2011 to 2020, this study explores the mechanisms and pathways through which digital finance enhances economic resilience. The results reveal four key findings. First, the development of digital finance significantly enhances economic resilience by improving innovation capabilities and consumption vitality. Second, a high degree of marketization strengthens the promoting effect of digital finance on economic resilience. Third, in areas with higher levels of industrial advancement or lower levels of traditional financial development, the enhancement effect of digital finance on economic resilience is more significant. Fourth, digital finance significantly improved the economic resilience of geographically adjacent areas through spatial spillover effects. Overall, this study provides a new perspective on the impact of digital finance on economic resilience in developing countries such as China. In addition to its academic contributions, this study offers detailed practical implications.

The impact of coastal abrasion and tidal flooding will disrupt public security and community welfare, especially economic and social resilience. There must be efforts to prevent adverse impacts so that there is no decrease in economic and social resilience. This study uses a qualitative method with a descriptive design. The purpose of this study was to analyze the effect of the efforts of preventing the adverse impact of coastal abrasion and tidal flooding on economic and social resilience on the coast of Bekasi, West Java. The research was conducted from April 2022 to December 2022 with 15 informants. The results of the study were: a) the efforts of preventing the adverse impact were engaging the community, comprehensive vegetation mitigation training, changing the procedure for planting mangrove forests, developing fruit yields and developing a mangrove program as a prospective project; b) the effects on the economic resilience of community are still able to meet their daily needs even though they experienced a decrease in daily income. The community is still implementing social interaction and cooperation well and also they still help each other and do not want to move to other locations. The community still has a high level to maintain economic and social resilience.

As the global economic environment becomes more complex and uncertain, economic resilience has become a crucial indicator of an economy’s ability to maintain sustainable development in response to external shocks. The digital economy contributes substantially to economic resilience. Notably, upgrading industrial structure is essential in facilitating this contribution. Therefore, it is necessary to study the impact mechanisms of the digital economy on economic resilience from the perspective of industrial structure upgrading. In this regard, this study employs a two-way fixed-effects model to examine the direct impact mechanisms of the digital economy on economic resilience, utilizing panel data covering 30 Chinese provincial-level regions between the years of 2013 and 2022. The empirical results demonstrate that the digital economy exerts a statistically significant positive impact on economic resilience. The impact shows regional variation, with stronger digital economy effects in the less service-developed mid-western region. Moreover, statistical analysis further identifies digital infrastructure and innovation capabilities as the two most impactful factors contributing to economic resilience enhancement. The digital economy enhances economic resilience through three mediating channels: the synergy effect, income-increasing effect, and allocation effect. Finally, uncovering these contextual factors relevant to the digital economy’s development of economic resilience can significantly benefit future research and practice.

Economic resilience is crucial for urban sustainability as it ensures stability and growth in the face of external shocks, promotes social cohesion and inclusivity, fosters environmental sustainability, and enhances cities’ adaptability to future challenges. This study expands the conventional perspective on economic resilience beyond the context of shocks, focusing on the inherent resilience of regional economic systems. A novel method for quantifying economic resilience is introduced, emphasizing system sensitivity and adaptability. Using Chinese prefecture-level city data and an econometric model, we empirically examine how Fintech, a major digital transition in current urban systems, affects economic resilience. The findings reveal that Fintech has a substantial positive effect on economic resilience, primarily through the upgrading of industrial structures and technological innovation. Furthermore, there is significant regional heterogeneity in the impact of Fintech on economic resilience, with more pronounced contributions in the east, central, and western regions of China, as opposed to the northeast. Additionally, the impact of Fintech on economic resilience is more substantial in large-scale cities. The promotion of economic resilience through digital transformation serves as a potent risk prevention measure. Understanding the role of economic resilience in urban systems holds valuable implications for countries worldwide.

Does regional integration improve economic resilience? Evidence from urban agglomerations in China

The global economic downturn and the new normal status of China’s economy have revealed that the Northeastern region of the country is facing challenges due to poor adaptability and weak regional economic resilience. In regard to the regional cities of China’s municipal-administered county system and from the perspective of the relationship between the economic resilience of the central-cities and the outer-suburbs, it is helpful to explore the characteristics of the regional economic resilience in Northeast China from 2007 to 2018. We find that: (1) The economic resilience of the central-cities and outer-suburbs in Northeast China has deteriorated. Compared with the central-cities, the economic resilience of outer-suburbs has weakened even more. (2) The types of regional economic resilience of the central-cities and outer-suburbs of Northeast China have diversified and weakened. The main types of economic resilience have changed from city-prospered-suburb-prospered and city-balanced-suburb-prospered to city-balanced-suburb-balanced and city-declined-suburb-declined. There are differences in the types of municipal economic resilience that are affected by changes in the economic resilience levels of central-cities and outer-suburbs. (3) It is further confirmed that the industrial structure has an important influence on the resilience of the regional economy. The economic resilience of the outer-suburbs in the Northeast China appear to be more vulnerable and more heavily influenced by changes in the proportion of the secondary industry than the central-cities.

The earthquake that struck the Japanese port city of Kobe on January 17, 1995, was the most severe quake ever to strike a modern urban area. It has become the most studied, analyzed, and discussed natural disaster in history. What I propose to add to this dialogue is an economist's overview of what he saw in Kobe 19 months after the event and what he learned during the ensuing 6 months.

In the context of sustainable development, economic resilience provides a new research perspective for resource-based cities to resist external shocks and risks. The purpose of this study is to explore the characteristics and determinants of resource-based cities’ economic resilience in China, and to provide effective policy recommendations. This paper constructs an index system to measure the economic resilience of 114 resource-based cities in China from 2005 to 2019. This paper uses spatial analysis methods and the Theil index to reveal spatiotemporal evolution and regional disparities. Then, it uses the spatial Durbin model to reveal influencing factors from the perspective of spatial spillover effects. The conclusions are as follows: Firstly, the economic resilience of resource-based cities in China shows a growth trend. The spatial polarization of economic resilience in resource-based cities has intensified, showing a distribution pattern of high in the east and low in the west and northeast, with the cold spot of economic resilience moving from the southwest to the northeast. Secondly, the distribution of economic resilience in the eight economic regions is spatially heterogeneous. Inter-regional disparity is the main source of different economic resilience in the eight major economic regions. Thirdly, market potential and talent development potential are the direct drivers of economic resilience in resource-based cities. Nationalization, industrial specialization, and fiscal risk inhibit the development of economic resilience. Resource dependence not only hinders local innovation and transformation ability, but also negatively impacts the economic resilience of surrounding cities. Therefore, resource-based cities need to promote the diversification of industrial structures, and ensure resource allocation through the combination of the market and the government. At the same time, the government should build a new mechanism for coordinated regional development and open up the enclave economic model.

New urbanization construction and city economic resilience-based on multi-period DID tests for 278 cities