Regional economic resilience: Resistance and recoverability of resource-based cities during economic crises in northeast China

Juntao Tan, Tek Sheng Kevin LO, Fangdao Qiu, Wenxin Liu, Jing Li, Pingyu Zhang*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

13 Citations (Scopus)

Abstract

This paper quantitatively analyzes the economic resilience of resource-based cities (RBCs) in Northeast China in terms of resistance and recoverability during two economic crises: the Asian financial crisis and the global financial crisis. Moreover, it analyzes the main factors that affected regional resilience. There are three main findings. First, the RBCs in general demonstrated poor resistance during both recessions, but there were variations among the different types of RBCs. Petroleum and metal cities demonstrated the most resistance, whereas coal cities performed the worst. Second, the influential factors affecting economic resilience varied across the two economic cycles, but location advantage, research and development (R and D) intensity, foreign trade dependence ratio, and supporting policies had positive effects on resilience during both economic cycles, while the proportion of employed persons in resource industries had a negative effect. Industrial diversity had a weak and ambiguous effect on resilience. Third, the secondary industry was more resilient during the Asian financial crisis, but the tertiary industry was more resilient during the global financial crisis. This shift may be attributed to both the nature of the crises and the strength of the sectors at the time of the crises.

Original languageEnglish
Article number2136
JournalSustainability
Volume9
Issue number12
DOIs
Publication statusPublished - 30 Nov 2017

Scopus Subject Areas

  • Geography, Planning and Development
  • Renewable Energy, Sustainability and the Environment
  • Management, Monitoring, Policy and Law

User-Defined Keywords

  • Economic resilience
  • Northeast China
  • Recessions
  • Recoverability
  • Resistance
  • Resource-based cities

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