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Economic analysis of resilience: A framework for local policy response based on new case studies

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  • Pierre Régibeau
  • Katharine Rockett

Abstract

A 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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  • 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.
    • Handle: RePEc:cai:jiedbu:jie_011_0107
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    Cited by:

    1. Cisse, Jennifer Denno & Barrett, Christopher B., 2015. "Resilience Measurement: A Moment-Based Approach to Resilience Identification and Aggregation," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205621, Agricultural and Applied Economics Association.
    2. Tomasz Ewertowski & Buse Çisil Güldoğuş & Semih Kuter & Süreyya Akyüz & Gerhard-Wilhelm Weber & Joanna Sadłowska-Wrzesińska & Elżbieta Racek, 2024. "The use of machine learning techniques for assessing the potential of organizational resilience," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 32(3), pages 685-710, September.
    3. Stanley, Conrad, 2020. "Living to Spend Another Day: Exploring Resilience as a New Fourth Goal of Ecological Economics," Ecological Economics, Elsevier, vol. 178(C).

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    More about this item

    Keywords

    resilience; sustainability; EcoCulture; governance; insurance; methodology;
    All these keywords.

    JEL classification:

    • 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

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