Economic analysis of resilience: a framework for local policy response based on new case studies
AbstractA recent set of case studies on resilience of ecocultures forms the basis for our review of and comment on the resilience literature. We note the diversity of definitions of resilience and the confusion this creates in implementing resilience studies. We develop a synthesis view that establishes a framework for defining resilience in an implementable way. This framework emphasises the importance of defining the source of and magnitude of shocks. Next, we outline measurement issues, including a variety of performance measures. We argue that self-determination and local ownership of resources is supported in the cases, and review the effectiveness of the informal insurance arrangements that are observed. We close with the variables suggested by the case studies to include in a resilience index and lessons for regional goverments developing resilience policy.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 38548.
Date of creation: 01 Oct 2011
Date of revision: 30 Apr 2012
resilience; sustainability; ecoculture; governance; insurance; methodology;
Other versions of this item:
- Pierre Régibeau & Katharine Rockett, 2013. "Economic analysis of resilience: A framework for local policy response based on new case studies," Journal of Innovation Economics, De Boeck Université, vol. 0(1), pages 107-147.
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
- Z1 - Other Special Topics - - Cultural Economics
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-05-15 (All new papers)
- NEP-GEO-2012-05-15 (Economic Geography)
- NEP-IAS-2012-05-15 (Insurance Economics)
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