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Industrial relatedness and regional resilience in the European Union

Author

Listed:
  • Giulio Cainelli
  • Roberto Ganau
  • Marco Modica

Abstract

The 2008 Great Recession prompted interest in the concept of regional resilience. This paper discusses and empirically investigates the relationship between industrial relatedness and economic resilience across European Union regions over the 2008–2012 crisis period. The analysis focuses on two types of industrial relatedness: technological and vertical (i.e., market‐based). The empirical analysis is performed on a sample of 209 NUTS 2 regions in 16 countries. Our results highlight a positive effect of technological relatedness on the probability of resilience in the very short run (i.e., the 2008–2009 period), while the negative effect of vertical relatedness seems to persist for longer. La Gran Recesión de 2008 despertó el interés por el concepto de resiliencia regional. Este artículo analiza e investiga empíricamente la relación entre la relación industrial y la resiliencia económica en las regiones de la Unión Europea durante el período de crisis 2008‐2012. El análisis se centra en dos tipos de relación industrial: tecnológica y vertical (es decir, basada en el mercado). El análisis empírico se realizó sobre una muestra de 209 regiones NUTS 2 en 16 países. Nuestros resultados destacan un efecto positivo de la relación tecnológica sobre la probabilidad de resiliencia a muy corto plazo (es decir, en el período 2008‐2009), mientras que el efecto negativo de la relación vertical parece persistir por más tiempo. 2008年のグレート・リセッションによって、地域のレジリエンスという概念に対する関心が急激に高まった。本稿では、2008年~2012年の経済危機の期間を通しての欧州連合の地域全体における産業間の連関性と経済レジリエンスの関連性を考察し、実証的に検討する。技術的と垂直的 (すなわち、市場ベース)という2つの産業間の連関性のタイプを中心に分析を行う。実証分析は、16カ国における209のNUT2の地域のサンプルを対象に実施する。結果から、技術的な連関性は、垂直的連関性の負の効果はより長く持続するようであるが、非常に短期的 (すなわち、2008年~2009年)なレジリエンスの可能性に対して正の効果を与えていることが明確に示された。

Suggested Citation

  • Giulio Cainelli & Roberto Ganau & Marco Modica, 2019. "Industrial relatedness and regional resilience in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 98(2), pages 755-778, April.
  • Handle: RePEc:bla:presci:v:98:y:2019:i:2:p:755-778
    DOI: 10.1111/pirs.12377
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    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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