Economic Policy Uncertainty and Enterprise Export Resilience in China: Does the Digital Economy Matter?

Abstract Global economic uncertainty is increasing, and the new round of industrial revolution is developing. With the development of the digital economy, it is crucial to clarify the relationship between economic policy uncertainty and the export resilience of enterprises to build a new development pattern. Based on existing theories, this paper empirically analyzes the weakening effect of economic policy uncertainty on firms' export resilience. The study finds that economic policy uncertainty caused by external shocks significantly weakens the export resilience of firms by increasing export transaction costs. It also explores the impact of the development of the digital economy on this weakening effect with Chinese micro-level data.