The Crisis and Regional Resilience in Europe: On the Importance of Urbanization and Specialization
AbstractUsing a rich data set on the EU regions, we analyze the relevance of two possible determinants of a region’s resilience to shocks, the degree of urbanization and specialization. We take the Great Recession, the economic and financial crisis that started in 2008, as our shock and then analyze how the NUTS II EU regions differ in their resilience to the crisis in terms of unemployment and real GDP per capita. In prior research it has been well established that (EU) regions differ in their resilience to shocks but it typically remains unclear as to why regions differ in this respect. For the 2008- 2012 period, we find that the degree and nature of regional urbanization and specialization are important drivers of the resilience of EU regions. More in particular, we find that that EU regions with a relatively large share of its population in commuting areas in combination with a specialization in medium high tech industries are relatively resilient, that is were less affected by the crisis, a result that suggests a relationship with international trade.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 4724.
Date of creation: 2014
Date of revision:
resilience; shock sensitivity; urbanization;
Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Courant Paul N. & Deardorff Alan V., 1993. "Amenities, Nontraded Goods, and the Trade of Lumpy Countries," Journal of Urban Economics, Elsevier, vol. 34(2), pages 299-317, September.
- Duranton, Gilles & Puga, Diego, 2013.
"The growth of cities,"
CEPR Discussion Papers, C.E.P.R. Discussion Papers
9590, C.E.P.R. Discussion Papers.
- Courant, P.N. & Deardorff, A.V., 1989.
"International Trade With Lumpy Countries,"
Working Papers, Research Seminar in International Economics, University of Michigan
242, Research Seminar in International Economics, University of Michigan.
- Courant, Paul N & Deardorff, Alan V, 1992. "International Trade with Lumpy Countries," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 100(1), pages 198-210, February.
- Courant, P.N. & Deardorff, A.V., 1989. "International Trade With Lumpy Countries," Papers, Michigan - Center for Research on Economic & Social Theory 90-04, Michigan - Center for Research on Economic & Social Theory.
- Brakman, Steven & van Marrewijk, Charles, 2013.
"Lumpy countries, urbanization, and trade,"
Journal of International Economics, Elsevier,
Elsevier, vol. 89(1), pages 252-261.
- Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, Oxford University Press, vol. 12(1), pages 1-32, January.
- repec:dgr:uvatin:2011071 is not listed on IDEAS
- Ben Gardiner & Ron Martin & Peter Sunley & Peter Tyler, 2013. "Spatially unbalanced growth in the British economy," Journal of Economic Geography, Oxford University Press, Oxford University Press, vol. 13(6), pages 889-928, November.
- Stefan P.T. Groot & Jan L. Mohlmann & Harry Garretsen & Henri L.F. de Groot, 2011.
"The Crisis Sensitivity of European Countries and Regions: Stylized Facts and Spatial Heterogeneity,"
Tinbergen Institute Discussion Papers
11-071/3, Tinbergen Institute.
- Stefan P. T. Groot & J. L. Möhlmann & J. H. Garretsen & Henri L. F. de Groot, 2011. "The crisis sensitivity of European countries and regions: stylized facts and spatial heterogeneity," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, Cambridge Political Economy Society, vol. 4(3), pages 437-456.
- Edward L. Glaeser, 2005. "Reinventing Boston: 1630--2003," Journal of Economic Geography, Oxford University Press, Oxford University Press, vol. 5(2), pages 119-153, April.
- Bernard Fingleton & Harry Garretsen & Ron Martin, 2012. "Recessionary Shocks And Regional Employment: Evidence On The Resilience Of U.K. Regions," Journal of Regional Science, Wiley Blackwell, Wiley Blackwell, vol. 52(1), pages 109-133, 02.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Saavedra).
If references are entirely missing, you can add them using this form.