Open Access
Exploring Regional Economic Resilience
TLDR
This paper proposed a quantitative and qualitative research methodology that can be used to operationalize the concept and assess the determinants of regional economic resilience, using implicit definitions used in the limited literature on economic resilience and on more explicit treatments of the concept in the ecological literature.Abstract:
Although the literature on regional macroeconomics continues to emphasize the analysis of economic growth, the concept of economic resilience is of increasing interest to policymakers. The terrorist attacks of September 11, 2001, and Hurricane Katrina in 2005 focused attention on the ability of regional economies to respond to human-made and natural disasters (Chernick 2005, Liu and Plyer 2007). The steep losses of U.S. manufacturing jobs since 2000, especially in the Great Lakes Region, have prompted a great deal of concern about how regional economies experiencing those losses can rebound (Wial and Friedhoff 2005, Wial 2007, McGahey and Vey 2008). Despite the growing importance of the idea of economic resilience, the concept has not been carefully defined or measured. Drawing on implicit definitions used in the limited literature on economic resilience and on more explicit treatments of the concept in the ecological literature, this paper begins by outlining some possible meanings of regional economic resilience. Using these definitions, it then describes in more detail a quantitative and qualitative research methodology that can be used to operationalize the concept and assess the determinants of regional economic resilience.read more
Citations
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Regional economic resilience, hysteresis and recessionary shocks
TL;DR: This article developed the idea of resilience and examined its usefulness as an aid to understand the reaction of regional economies to major recessionary shocks, and also argued that the notion of resilience can usefully be combined with that of hysteresis in order to more fully capture the possible reactions of regional economy to major recessions.
Journal ArticleDOI
The economic resilience of regions: towards an evolutionary approach
James Simmie,Ron Martin +1 more
TL;DR: This article reviewed the different definitions of resilience and their potential application in explaining the long-term development of urban and regional economies and concluded that the evolutionary adaptive cycle model, though not without problems, warrants further study as a framework for analyzing regional economic resilience.
Journal ArticleDOI
On the notion of regional economic resilience: conceptualization and explanation
Ron Martin,Peter Sunley +1 more
TL;DR: The concept of regional economic resilience has been used for some time in ecology and psychology, both as perceived (and typically positive) attribute of an object, entity or system and, more normatively, as a desired feature that should somehow be promoted or fostered as mentioned in this paper.
Journal ArticleDOI
Resilient regions in an uncertain world: wishful thinking or a practical reality?
TL;DR: The authors reviewed existing concepts of resilience and critically reviewed dominant neoliberal concepts of regional development, arguing that these must have a lighter environmental footprint and involve a greater degree of regional closure in and regionalisation of economic activities.
Journal ArticleDOI
Economic resilience and entrepreneurship: lessons from the Sheffield City Region
Nick Williams,Tim Vorley +1 more
TL;DR: This paper examined the relationship between economic resilience and entrepreneurship in city regions and found that entrepreneurship is integral to promoting the diversification and capacity building of regional economies, traits which are characteristic of (more) resilient economies.
References
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Posted Content
Growth in Cities
Edward L. Glaeser,Edward L. Glaeser,Edward L. Glaeser,Hedi Kallal,Jose A. Scheinkman,Jose A. Scheinkman,Jose A. Scheinkman,Andrei Shleifer,Andrei Shleifer +8 more
TL;DR: In this paper, the authors used a new data set on the growth of large industries in 170 U.S. cities between 1956 and 1987 and found that local competition and urban variety, but not regional specialization, encourage employment growth in industries.
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Growth in Cities
TL;DR: In this paper, the authors used a new data set on the growth of large industries in 170 U.S. cities between 1956 and 1987 and found that local competition and urban variety, but not regional specialization, encourage employment growth in industries.
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Industrial Development in Cities
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Economic growth in a cross-section of cities☆
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