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A quantitative method for measuring regional economic resilience to the great recession

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  • Lauryn Ringwood
  • Philip Watson
  • Paul Lewin

Abstract

Regional economic resilience can be defined as an economy’s ability to withstand and recover quickly from shocks. The ability to measure resilience is necessary to developing our understanding of what influences resilience. In this paper, we develop a new, two‐dimensional quantitative measure of resilience using observed differences between expected and actual employment in a region following a shock and distinguish the response to the shock from random variation. We demonstrate one application of this metric to US county‐level employment data to compare county responses to the 2007–2009 national recession and discuss how different regions of the United States responded to the shock of the Great Recession in terms of resilience.

Suggested Citation

  • Lauryn Ringwood & Philip Watson & Paul Lewin, 2019. "A quantitative method for measuring regional economic resilience to the great recession," Growth and Change, Wiley Blackwell, vol. 50(1), pages 381-402, March.
    • Handle: RePEc:bla:growch:v:50:y:2019:i:1:p:381-402
    DOI: 10.1111/grow.12265
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    Cited by:

    1. Hasan Engin Duran & Ugo Fratesi, 2023. "Economic resilience and regionally differentiated cycles: Evidence from a turning point approach in Italy," Papers in Regional Science, Wiley Blackwell, vol. 102(2), pages 219-252, April.
    2. Damilola Giwa-Daramola & Harvey S. James, 2023. "COVID-19 and Microeconomic Resilience in Sub-Saharan Africa: A Study on Ethiopian and Nigerian Households," Sustainability, MDPI, vol. 15(9), pages 1-25, May.
    3. Erika Quendler & Mangirdas Morkūnas, 2020. "The Economic Resilience of the Austrian Agriculture since the EU Accession," JRFM, MDPI, vol. 13(10), pages 1-20, October.
    4. Sensier, Marianne & Devine, Fiona, 2020. "Understanding Regional Economic Performance And Resilience In The Uk: Trends Since The Global Financial Crisis," National Institute Economic Review, National Institute of Economic and Social Research, vol. 253, pages 18-28, August.
    5. Cristian Delgado‐Bello & Andrés Maroto Sáchez & Miguel Atienza Ubeda, 2023. "Resilience and economic structure: The case of the Chilean regions during the Asian crises and the Great Recession of 2008," Papers in Regional Science, Wiley Blackwell, vol. 102(1), pages 31-51, February.
    6. Anping Chen & Nicolaas Groenewold, 2019. "Regional resilience in China: The response of the provinces to the growth slowdown," Economics Discussion / Working Papers 19-06, The University of Western Australia, Department of Economics.
    7. Fabian Geelhoedt & Vicente Royuela & David Castells-Quintana, 2021. "Inequality and Employment Resilience: An Analysis of Spanish Municipalities during the Great Recession," International Regional Science Review, , vol. 44(1), pages 113-141, January.
    8. Xin Mai & Roger C. K. Chan, 2020. "Detecting the intellectual pathway of resilience thinking in urban and regional studies: A critical reflection on resilience literature," Growth and Change, Wiley Blackwell, vol. 51(3), pages 876-889, September.
    9. Richard Florida & Todd Gabe, 2023. "COVID-19, the New Urban Crisis, and Cities: How COVID-19 Compounds the Influence of Economic Segregation and Inequality on Metropolitan Economic Performance," Economic Development Quarterly, , vol. 37(4), pages 328-348, November.
    10. Giuseppe Terzo, 2021. "Social capital, social economy and economic resilience of Italian provinces," Papers in Regional Science, Wiley Blackwell, vol. 100(5), pages 1113-1135, October.
    11. Arunav Gupta & Lucas Nguyen & Camille Dunning & Ka Ming Chan, 2019. "Quantifying the Effects of the 2008 Recession using the Zillow Dataset," Papers 1912.11341, arXiv.org.
    12. Liangang Li & Shuoya Liu & Chen Li & Pingyu Zhang & Kevin Lo, 2022. "What Matters for Regional Economic Resilience Amid Multi Shock Situations: Structural or Agency? Evidence from Resource-Based Cities in China," Sustainability, MDPI, vol. 14(9), pages 1-18, May.
    13. An-Ting Cheng, 2023. "Spatial Concentration in Relation to Industrial Resilience," Sustainability, MDPI, vol. 15(4), pages 1-19, February.
    14. George J. XANTHOS & Evangelos N. DULUFAKIS, 2023. "Measurement Approaches Of Regional Economic Resilience: A Literature Review," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 47-59, June.
    15. Seoyoung Yu & Donghyun Kim, 2021. "Changes in Regional Economic Resilience after the 2008 Global Economic Crisis: The Case of Korea," Sustainability, MDPI, vol. 13(20), pages 1-14, October.
    16. Liangang Li & Pingyu Zhang & Chengxin Wang, 2022. "What Affects the Economic Resilience of China’s Yellow River Basin Amid Economic Crisis—From the Perspective of Spatial Heterogeneity," IJERPH, MDPI, vol. 19(15), pages 1-20, July.
    17. Philip Watson & Steven Deller, 2022. "Tourism and economic resilience," Tourism Economics, , vol. 28(5), pages 1193-1215, August.
    18. Nishi, Hiroshi, 2022. "Industrial sources and unevenness of regional employment resilience in Japan," MPRA Paper 113530, University Library of Munich, Germany.
    19. Hennebry Barraí, 2020. "The determinants of economic resilience in rural regions. An examination of the Portuguese case," Miscellanea Geographica. Regional Studies on Development, Sciendo, vol. 24(1), pages 24-29, January.

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