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| The Influence of Industrial Related Variety on Regional Economic Resilience： An Explanation from Innovation Ecosystem Symbiosis |
| Wu Cui1,2, Tan Qingmei1,2 |
| (1.College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 211106, China;2. Jiangsu Province Civil-Military Integration Industry Development Research Center, Nanjing 211106, China) |
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Abstract The gray rhino and black swan incidents have had a significant impact on China's economic vitality and resilience. Confronted with the slowdown in economic growth and structural adjustments, China is striving to deal with the effects of previous economic stimulus policies while contending with anti-globalization, technological bullying, trade protectionism, and the Covid-19 epidemic on the outside. It is critical to figure out how to maintain and enhance economic resilience. Industrial development and innovation are essential for economic resilience. Innovation serves as the initial driving force for economic resilience, with industry acting as a carrier. Industrial related diversity narrows and deepens the "technological distance" and input-output relationship between industries, which can strengthen the symbiosis of innovation ecosystems through clustering innovation populations, improving the efficiency of innovation resource allocation, optimizing the innovation environment, and enhancing regional economic resilience through innovation. Thus innovation and innovation ecosystem symbiosis are interdependent, and the industrial and innovation value chains must be tightly connected. #br#Academic circles and the government are highly concerned about how to reduce the risks caused by uncertainty and improve the ability of the economy to withstand shocks. According to a review of the literature, the majority of research support the positive influence of industrial related variety on regional economic resilience, but how does this effect occur? Can the transmission mechanism be the innovation ecosystem symbiosis? The above questions are in great need of in-depth investigation.#br#This study follows the path of "industrial related variety—innovation ecosystem symbiosis—economic resilience". It analyzes regional economic resilience with the GDP as the direct indicator and measures industrial related variety with the indicator of location entropy. The innovation ecosystem symbiosis is measured by the synergetic degree model of the compound system. Then, the study constructs a dynamic panel data model to examine the impact of industrial related diversity on regional economic resilience, and uses systematic GMM methods to estimate the model; by further applying the mediating effect model, the study investigates how industrial related variety affects economic resilience via the innovation ecosystem symbiosis. The contributions of this study can be summed up into two parts: firstly, it empirically investigates the transmission mechanism between industrial related variety and economic resilience; and secondly, it contributes to the research domain about the economic and social value of the innovation ecosystem symbiosis.#br#The main conclusions of this paper are as follows. Theoretically, industrial related variety can enhance regional economic resilience through innovation ecosystem symbiosis. It can also encourage the clustering of various innovation actors, promote communities of interest, improve the allocation efficiency of innovation resources, optimize the innovation environment, release and stimulate innovation potential and thus improve economic resilience. Empirically, the results of the mediating effect model show that the mediating effect of regional innovation ecosystem symbiosis in the relationship between industry related variety and regional economic resilience is significant, and the above-mentioned transmission mechanism is evident. In terms of economic resilience, the industry related variety can be seen as the "healthy body" and the innovation ecosystem symbiosis as the "strong mind," and they should be integrated to enhance regional economic resilience. It is recommended that an efficient market and an effective government should be created and cooperated to optimize the layout of industry related variety and enhance regional economic resilience. With regard to the question of how to enhance economic resilience by deepening the innovation ecosystem symbiosis, this paper suggests to strengthen the symbiotic development of innovation ecosystem from the perspectives of clustering of multiple innovation actors, improving allocation efficiency of innovation resources and improving innovation environment. In addition, it is necessary to strengthen the protection of intellectual property rights, curb unfair competition by law, and prevent the innovation subjects from falling into vicious competition.#br#
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Received: 27 December 2021
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