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<p>Urban economic resilience (UER) is crucial for sustainable development, as it enables cities to mitigate risks and absorb shocks. Based on 2011–2023 Chinese city panel data, we estimate two-way fixed effects and spatial Durbin models to assess the impact of market potential (MP) on UER. The empirical evidence shows that MP positively affects UER, particularly in the presence of strong government involvement, an emphasis on education, and solid financial foundations. Mechanism tests identify production transformation and income inequality alleviation as key channels in this context. Moreover, transport networks and digital infrastructure strengthen the impact of MP on economic resilience. Spatial estimates also indicate positive spillovers, such that a city’s MP enhances economic resilience of its neighbours. These findings offer theoretical insights and policy guidance that can facilitate efforts to leverage MP and modernize infrastructure to build sustainable economic systems in developing countries.</p>

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Unleashing market potential: the key driver of urban economic resilience in China

  • 期刊论文

  • 发表日期：

    2026年5月2日

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  • Ruoming Xu,
  • Jie Peng,
  • Fusheng Liang,
  • Ye Xuan

摘要

Urban economic resilience (UER) is crucial for sustainable development, as it enables cities to mitigate risks and absorb shocks. Based on 2011–2023 Chinese city panel data, we estimate two-way fixed effects and spatial Durbin models to assess the impact of market potential (MP) on UER. The empirical evidence shows that MP positively affects UER, particularly in the presence of strong government involvement, an emphasis on education, and solid financial foundations. Mechanism tests identify production transformation and income inequality alleviation as key channels in this context. Moreover, transport networks and digital infrastructure strengthen the impact of MP on economic resilience. Spatial estimates also indicate positive spillovers, such that a city’s MP enhances economic resilience of its neighbours. These findings offer theoretical insights and policy guidance that can facilitate efforts to leverage MP and modernize infrastructure to build sustainable economic systems in developing countries.