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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

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    1. Joan Crespo & Raphael Suire & Jerome Vicente, 2014. "Lock-in or lock-out? How structural properties of knowledge networks affect regional resilience," Journal of Economic Geography, Oxford University Press, vol. 14(1), pages 199-219, January.
    2. Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
    3. Bernard Fingleton & Harry Garretsen & Ron Martin, 2012. "Recessionary Shocks And Regional Employment: Evidence On The Resilience Of U.K. Regions," Journal of Regional Science, Wiley Blackwell, vol. 52(1), pages 109-133, February.
    4. Ron Martin & Peter Sunley, 2010. "Complexity Thinking and Evolutionary Economic Geography," Chapters,in: The Handbook of Evolutionary Economic Geography, chapter 4 Edward Elgar Publishing.
    5. David Matarrita-Cascante & Bernardo Trejos, 2013. "Community resilience in resource-dependent communities: a comparative case study," Environment and Planning A, Pion Ltd, London, vol. 45(6), pages 1387-1402, June.
    6. Susan Christopherson & Jonathan Michie & Peter Tyler, 2010. "Regional resilience: theoretical and empirical perspectives," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 3(1), pages 3-10.
    7. Sara Davies, 2011. "Regional resilience in the 2008--2010 downturn: comparative evidence from European countries," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 4(3), pages 369-382.
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    Cited by:

    1. repec:eee:quaeco:v:64:y:2017:i:c:p:1-11 is not listed on IDEAS
    2. repec:taf:applec:v:49:y:2017:i:56:p:5686-5697 is not listed on IDEAS
    3. repec:ebl:ecbull:eb-18-00975 is not listed on IDEAS

    More about this item

    Keywords

    regional economic growth; regional economic resilience; Great Recession;

    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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