Industrial Diversification, Entrepreneurship, and Urban Economic Resilience

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.

Keywords

• industrial diversification
• entrepreneurial spirit
• urban economic resilience
• innovation and transformation of industries