Effect of marine economic development pilot policies on regional economic resilience: Based on quasi-natural experiments from coastal areas in China

ABSTRACT

China began to implement marine economic development pilot policies from 2011 in order to promote land and marine development in a coordinated way, transform and optimize marine industrial layout, formulate and improve the policy and institutional construction of ocean development, promote marine economic power strategy, and improve the level of regional economic resilience in coastal area. Tourism industry is an important part of regional economy of coastal areas. Taking the marine economic development pilot policies as a quasi-natural experiment and based on the panel data of cities in coastal areas of China from 2007 to 2020, a multi-period difference-in-differences (DID) model was used to assess the impact of these pilot policies on regional economic resilience and tourism economic resilience. The results show that the implementation of marine economic development pilot policies can significantly promote regional economic resilience and tourism economic resilience. COVID-19, as a moderating variable, has significantly weakened the effect of marine economic development pilot policies on regional economic resilience. In terms of regional heterogeneity, the establishment of marine economic development pilots has a more significant policy effect on regional economic resilience in the central and southern coastal areas, while the policy effect on tourism economic resilience is more significant in the eastern coastal areas. In view of these findings, it is of great significance for cities to prevent systemic risks and improve regional economic resilience, by means of reasonably expanding marine economic development pilots and planning coastal regional economic systems according to local conditions. © 2023, Editorial office of PROGRESS IN GEOGRAPHY. All rights reserved.