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Recession, resilience, local labour markets: wealthier is better?

Author

Listed:
  • Luca Salvati

    (Consiglio per la ricerca in agricoltura e l’analisi dell’economia agraria (CRA)
    Sapienza University of Rome)

  • Margherita Carlucci

    (Sapienza University of Rome)

  • Giuseppe Venanzoni

    (Sapienza University of Rome)

Abstract

Economic expansion and recession have shaped the long-term evolution of local economic systems, exemplifying causes and consequences of territorial disparities and alimenting the debate on regional resilience. The present study investigates changes (2004–2013) in the spatial structure of two labour market indicators in Italy (participation and unemployment rates) during the most recent expansion and recession waves, so as to identify socioeconomic and territorial factors influencing short-term performances of local labour markets. Specialization in advanced industry (such as precision mechanics) is one of the most important factors associated to low employment losses during recession in Italy. Our results offers a contribution to the debate on regional resilience by reconnecting it to the more general issue of spatial disparities. We aim to shed light on the impact of institutional change and external shocks on the evolutionary path of local economic systems.

Suggested Citation

  • Luca Salvati & Margherita Carlucci & Giuseppe Venanzoni, 2017. "Recession, resilience, local labour markets: wealthier is better?," Letters in Spatial and Resource Sciences, Springer, vol. 10(2), pages 177-204, July.
    • Handle: RePEc:spr:lsprsc:v:10:y:2017:i:2:d:10.1007_s12076-016-0180-8
    DOI: 10.1007/s12076-016-0180-8
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    Cited by:

    1. Donald Houston, 2020. "Local resistance to rising unemployment in the context of the COVID‐19 mitigation policies across Great Britain," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(6), pages 1189-1209, December.
    2. Massimo Cecchini & Sirio Cividino & Rosario Turco & Luca Salvati, 2019. "Population Age Structure, Complex Socio-Demographic Systems and Resilience Potential: A Spatio-Temporal, Evenness-Based Approach," Sustainability, MDPI, vol. 11(7), pages 1-12, April.
    3. Rares Halbac-Cotoara-Zamfir & Sirio Cividino & Gianluca Egidi & Rosanna Salvia & Luca Salvati, 2020. "Rapidity of Change in Population Age Structures: A Local Approach Based on Multiway Factor Analysis," Sustainability, MDPI, vol. 12(7), pages 1-13, April.
    4. Leonardo Salvatore Alaimo & Mariateresa Ciommi & Ioannis Vardopoulos & Bogdana Nosova & Luca Salvati, 2022. "The Medium-Term Impact of the COVID-19 Pandemic on Population Dynamics: The Case of Italy," Sustainability, MDPI, vol. 14(21), pages 1-12, October.
    5. Jana OSTARKOVA & Michaela STANICKOVA, 2021. "Editorial: How well do we know the issue of resilience? Literary research of current levels of knowledge," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 12, pages 12-42, August.

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    More about this item

    Keywords

    Local labour market; Participation rate; Unemployment rate; Regional resilience; Italy;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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