Elias Giannakis , Adriana Bruggeman , Theofanis P. Mamuneas
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Regional economic resilience, productivity growth and sectoral interconnectedness
This paper develops a theoretical model for the conceptualization and empirical analysis of regional economic resilience. Our production function framework is applied to empirically assess the effect of pre-crisis conditions on regional resilience accounting for exogenous changes in technology and changes in production factors. Spatial regression analysis indicates that intersectoral linkages are important factors for explaining the resilience of regions to negative exogenous shocks. A key finding of the study is the positive effect of the interconnectedness of agriculture, construction, and electrical, optical and transport equipment sectors on the ability of European Union regions to absorb the adverse effects of the 2008 economic crisis.
期刊介绍：
Regional Science is the official journal of the Regional Science Association International. It encourages high quality scholarship on a broad range of topics in the field of regional science. These topics include, but are not limited to, behavioral modeling of location, transportation, and migration decisions, land use and urban development, interindustry analysis, environmental and ecological analysis, resource management, urban and regional policy analysis, geographical information systems, and spatial statistics. The journal publishes papers that make a new contribution to the theory, methods and models related to urban and regional (or spatial) matters.
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