What Affects the Economic Resilience of China’s Yellow River Basin Amid Economic Crisis—From the Perspective of Spatial Heterogeneity

This paper contributes to the study of regional economic resilience by analyzing the dynamic characteristics and influence mechanisms of resilience from the perspective of spatial heterogeneity. This paper focuses on the resistance and recoverability dimensions of resilience and analyzed the dynamic changes in economic resilience in China’s Yellow River Basin in response to the 2008 economic crisis. The multi-scale geographical weighted regression model was utilized to examine the effect of key factors on regional economic resilience. Our findings show the following: (1) The resistance of the Yellow River Basin to the financial crisis was high; however, the recoverability decreased significantly over time. (2) The spatial heterogeneity of driving factors was significant, and they had different effect scales on economic resilience. Related variety, government agency, environment, and opening to the global economy had a significant effect on economic resilience only in a specific small range. Specialization, unrelated variety, and location had opposite effects in different regions of the Yellow River Basin. (3) Specialization limited the area’s resistance to shock but enhanced the recoverability. Related variety improved regional economic resilience. Unrelated variety was not conducive to regional resistance to shock and had opposite effects on the recoverability in different regions. (4) Government agency and financial market promoted regional economic resilience. Environment pollution and resource-based economic structure limited regional economic resilience. Opening to the global economy and urban hierarchy limited regional resistance to shock, but strong economic development had the opposite effect of improved regional resistance. The location in the east of the Yellow River Basin enhanced the recoverability; however, the location in the west limited the recoverability.