Industrial Diversification, Entrepreneurship, and Urban Economic Resilience

Based on the relevant framework of evolutionary geography, this article explores the direct effect of industrial diversification on urban economic resilience and its indirect effect on urban economic resilience through entrepreneurial spirit. The research finds that during the period from 2018 to 2023, cities with a stronger degree of industrial diversification demonstrated stronger economic resilience in the face of external shocks. Industrial diversification can not only disperse the risks from external shocks, but more importantly, it can stimulate entrepreneurial spirit, thereby promoting innovation and transformation in industries and enhancing the economic resilience of cities.

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Publication Details

Journal
Systems
Published
2025-05-09
DOI
https://doi.org/10.3390/systems13050366
Citations
5
Primary Topic
Regional resilience and development
Type
article
Field-Weighted Citation Impact
15.66
Controls
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article

Industrial Diversification, Entrepreneurship, and Urban Economic Resilience

Congbin Guo, Yiwei Chen
5 citations
Systems
Regional resilience and development
15.66
article

Industrial Diversification, Entrepreneurship, and Urban Economic Resilience

Congbin Guo, Yiwei Chen
article en
5 citations

Abstract

Based on the relevant framework of evolutionary geography, this article explores the direct effect of industrial diversification on urban economic resilience and its indirect effect on urban economic resilience through entrepreneurial spirit. The research finds that during the period from 2018 to 2023, cities with a stronger degree of industrial diversification demonstrated stronger economic resilience in the face of external shocks. Industrial diversification can not only disperse the risks from external shocks, but more importantly, it can stimulate entrepreneurial spirit, thereby promoting innovation and transformation in industries and enhancing the economic resilience of cities.

SystemsVol. 13(5)
Peking University (CN), China Jiliang University (CN)
Openalex Percentile: Top 1%
Regional resilience and development
15.66
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