The Impact of Digital Services on Economic Resilience: Evidence from China
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Digital services (DS) represent a critical innovation direction for the service industry within the digital economy, providing sustained and robust momentum for enhancing economic resilience (ER). Leveraging a panel dataset of 30 Chinese provinces from 2012 to 2023, this paper examines the impact of DS on ER and its underlying mechanisms. Results confirm that DS significantly enhance regional ER, a finding robust to multiple tests. Mechanism analysis suggests that DS enhance ER by facilitating industrial structure optimization and spurring technological innovation. The heterogeneity tests identify that the benefits of DS are particularly acute in regions with elevated levels of urbanization, factor abundance, and industrial agglomeration.Additionally, threshold effect tests demonstrate that the impact of DS on ER intensifies once a region’s economic development level and market size exceed specific thresholds. These findings offer valuable policy implications for developing countries seeking to leverage DS to enhance ER and support sustainable economic development.
