Regional Resilience and the Asymmetric Effects of the 2008 Crisis in Brazil: A Survival Model Analysis

The topic of regional resilience has gained notoriety in regional economics and economic geography in recent years. The main aim is to understand why regions react differently to adverse shocks. To this end, several empirical studies have analyzed the impacts economic crises have had on the performance of regional economies and found considerably asymmetric results. Similarly, this study analyzes the duration of the 2008 crisis in Brazilian regions and aims to identify the characteristics that allowed some regions to rapidly recover from the crisis. However, the main novelty of this study lies in the fact that to do so, statistical tools from survival analysis were used. The findings suggest that having more educated workers and being located within metropolitan regions are two characteristics that contribute to faster recovery.