Abstract
Regional economic resilience provides a new perspective for explaining regional differences in response to recession shocks. This paper analyzed the regional economic resilience of Liaoning Province in China in terms of its resistance and recoverability dimensions from 1990 to 2015 and explored the determinants of regional economic resilience by constructing a spatial econometric model using panel data. There are three main findings. First, the level of regional economic resilience in Liaoning was low and its urban economy was more vulnerable to external shocks than that of the whole nation. Second, we found that factors such as the local governance arrangement, the regional innovation ability, and the level of economic diversification have significant positive effects on regional economic resilience. Factors such as the proportion of secondary industry and the GDP negatively affect regional economic resilience. Third, regional economic resilience demonstrates a spatial autocorrelation, and the improvement of economic resilience in the surrounding areas will lead to the decline of regional economic resilience.
Highlights
Regional economic development is a dynamic process that is often affected by financial crisis, recession and other shocks [1,2]
We adopted the proportions of the added values of the secondary industry to GDP to reflect the industrial structure of the 14 cities in Liaoning Province in this study, and it is expected to have a negative effect on regional economic resilience
Based on the literature review, data availability and regional characteristics, this study intends to explore the determinants of regional economic resilience in 14 cities of Liaoning Province using the following aspects: industrial structure, local labor market, financial environment, governance arrangement, innovation ability, diversity degree of the economic structure, and economic development level
Summary
Regional economic development is a dynamic process that is often affected by financial crisis, recession and other shocks [1,2]. Many policy makers and studies are eager to know how old industrial bases respond to shocks and further realize economic revitalization This is because old industrial bases are more vulnerable to shocks, such as financial crisis and resource depletion [3,5,6,7], and to falling into the trajectory of economic recession due to their special regional characteristics. Liaoning, as the core province of the old industrial bases in Northeast China, has a typical fluctuation of economic developments, and is more vulnerable to shocks. It is a typical case that can be combined with regional economic resilience to reveal how the old industrial bases react to domestic economic reforms and external disturbances, and what factors are influential to the region’s reaction to shocks are the central focuses of our research. The remainder of the paper proceeds as follows: Section 2 describes the study area; Section 3 measures the regional economic resilience; Section 4 analyzes the determinants of regional economic resilience; and Section 5 discusses the main findings and summarizes the conclusions
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
