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Can digital financial inclusion promote urban economic resilience? Evidence from Guangxi, China

Year: 2025

Type: article

Abstract: Current research suggests digital financial inclusion (DFI) can promote economic resilience regionally by reaching marginalised groups. This paper aims to innovatively determine the function of DFI on urban economic resilience (UER) from a spatial perspective by taking Guangxi province in China as an example. The spatial Durbin model with dual fixed effects and panel data from prefecture-level cities over the period 2011–2022 were employed in our study. We find that (1) the advancement of DFI in Guangxi has a notable positive contribution to the improvement of UER, and the higher the DFI index of a city, the higher its UER level; (2) the expansion of DFI in surrounding regions has negative spatial spillover effects on the local UER level and (3) a distinct Siphon Effect is observed in the urban economic resilience among Guangxi cities. This study also provides recommendations for enhancing urban economic resilience in Guangxi.

Source: Regional Studies Regional Science

DOI: 10.1080/21681376.2025.2473532

Authors: Feng Yiyun, Lai Wei Sieng

Institution: National University of Malaysia

Language: English

Topic: Regional resilience and development

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Sustainable cities and communities, Industry, innovation and infrastructure, Reduced inequalities, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $1,165