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The economic resilience of Stuttgart: vulnerable but resilient and adaptable

Author

Listed:
  • Rüdiger Wink

    (HTWK Leipzig)

  • Laura Kirchner

    (HTWK Leipzig)

  • Florian Koch

    (TIL - Centre Interlangues : texte, image, langage [Dijon] - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE])

  • Daniel Speda

    (HTWK Leipzig)

Abstract

This chapter describes the experiences in the region of Stuttgart during and after the global financial and economic crisis of 2008_09. The region was severely negatively hit by the crisis but achieved a fast recovery, notably by increasing exports to China. While the region faced huge problems to recover after a recession in the early 1990s, by 2014 Stuttgart had reached a new peak of employment. The reasons for this successful recovery are mainly rooted in the competitiveness and innovation capabilities of manufacturing industries and in the region's institutional thickness. Despite the economic success, however, risks remain when considering the growing dependence of the regional economy on the automotive industry and export demand.

Suggested Citation

  • Rüdiger Wink & Laura Kirchner & Florian Koch & Daniel Speda, 2018. "The economic resilience of Stuttgart: vulnerable but resilient and adaptable," Post-Print hal-02977444, HAL.
    • Handle: RePEc:hal:journl:hal-02977444
    DOI: 10.4337/9781785364006.00008
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    Cited by:

    1. Marianne Sensier & Elvira Uyarra, 2020. "Investigating the Governance Mechanisms that Sustain Regional Economic Resilience and Inclusive Growth," Economics Discussion Paper Series 2005, Economics, The University of Manchester.
    2. Artiom Volkov & Agnė Žičkienė & Mangirdas Morkunas & Tomas Baležentis & Erika Ribašauskienė & Dalia Streimikiene, 2021. "A Multi-Criteria Approach for Assessing the Economic Resilience of Agriculture: The Case of Lithuania," Sustainability, MDPI, vol. 13(4), pages 1-16, February.

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