Date & Time:12:00-13:00, Tue. 13th, April 2021

Venue: Room 306, Tongji Building A

Speaker: FENG Hao, Shanghai University of International Business and Economics

Abstract:The economic resilience of a city is determined, at least in part, by the ability to act collectively, and insights from density and industrial networks inform the nature of resilience. This paper demonstrates the importance of urban density and complexity of industrial networks in face of the uncertain shocks of COVID-19 epidemic, and finds that the ability of recovery after the shocks is stronger in cities with greater density. Firm-level analysis suggests that these effects come from more resilient industrial networks in cities with greater economic density. Agglomeration and urban density are not only vital for the efficiency of spatial allocation of economic resources, but also in favor of the resilience against uncertain shocks.