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Has the Returning Entrepreneurship Pilot Policy Enhanced County-Level Economic Resilience? Evidence from China

Bibliographic Data

ID22006877
AuthorsJie Ji (0000-0002-1633-4510, Zhejiang University of Finance and Economics), Xinxin Wang (0000-0003-4043-1916, Zhejiang University of Finance and Economics), Qiaoyu Chen (0009-0006-2313-2059, Zhejiang University of Finance and Economics, corresponding author), Yiqin Hu (Zhejiang University of Finance and Economics)
Year2026
Volume16
Issue3
Publication date2026-07-01
Open AccessYes
TypeARTICLE
VenueSAGE Open (JOURNAL)
Journal identifiersISSN: 2158-2440 • E-ISSN: 2158-2440
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/21582440261466329
OpenAlexW7167269483
LanguageEN
References cited20

Taking the returning entrepreneurship pilot policy as a quasi-natural experiment, this paper systematically examines the impact of this policy on county-level economic resilience and its underlying mechanisms based on county-level panel data from China from 2011 to 2021, using methods such as the multi-period difference-in-differences approach. The study finds that the returning entrepreneurship pilot policy has a significant impact on enhancing county-level economic resilience. This conclusion holds after a series of robustness tests, including parallel trend tests, placebo tests, CSDID estimation, and PSM-DID. Mechanism analysis reveals that the policy likely enhances county-level economic resilience by promoting industrial structure upgrading and technological innovation. Heterogeneity analysis shows that the policy effect is more pronounced in regions with larger fiscal scales and higher levels of financial development. This paper provides theoretical and empirical evidence for understanding the role of government-led return migration policies in correcting market failures, optimizing factor allocation, and enhancing regional economic resilience, and offers references for related policy optimization

China · Economic analysis · Economic impact analysis · Entrepreneurship · Panel data · Policy analysis · Psychological resilience · Economic and Technological Innovation · Regional resilience and development · Supply Chain Resilience and Risk Management

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