Cross-Border E-Commerce, Digital Finance and Economic Resilience
Cross-Border E-Commerce, Digital Finance and Economic Resilience

Author(s): Shuai Cui, Xiaoran Zhao, Jiaxi Tian, Zixian Zhang
Subject(s): Economy, Business Economy / Management, Financial Markets, Marketing / Advertising, ICT Information and Communications Technologies, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: cross-border e-commerce; digital finance; economic resilience; double difference
Summary/Abstract: This paper uses panel data of 259 prefecture-level cities in China from 2011 to 2022, and applies the double-difference method to explore the specific role and influence path of cross-border e-commerce on the economic resilience of cities. The results show that cross-border e-commerce can enhance urban economic resilience. The mechanism effect shows that cross-border e-commerce enhances the economic resilience of cities by promoting the level of digital financial development, including the breadth of digital financial coverage, depth of use and activity. The heterogeneity study finds that cross-border e-commerce can enhance the economic resilience of cities with higher administrative rank, larger population size and outflow, non-resource-based, non-growth-based and non-mature cities. The findings provide a basis for cross-border e-commerce to promote stable economic development.

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