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The Economic Resilience of U.S. Counties during the Great Recession

Author

Listed:
  • Yicheol Han

    (Penn State University)

  • Stephan J. Goetz

    (Penn State University)

Abstract

A regional economy perturbed by a shock may move onto a new growth path by reestablishing economic linkages both internally and with other regions. This dynamic property of regions has recently been explained in terms of regional economic resilience. In this paper, we introduce a more refined measure of economic resilience and then apply it to monthly employment data for U.S. counties in the 2007-2009 downturn. We suggest that describing and analyzing the distinct response patterns during this downturn are important starting points for policy makers to understand the spatial resilience of the US economy.

Suggested Citation

  • Yicheol Han & Stephan J. Goetz, 2015. "The Economic Resilience of U.S. Counties during the Great Recession," The Review of Regional Studies, Southern Regional Science Association, vol. 45(2), pages 131-149, Fall.
    • Handle: RePEc:rre:publsh:v45:y:2015:i:2:p:131-149
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    regional economic growth; regional economic resilience; Great Recession;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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