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Measuring Community Economic Resilience in Australia: Estimates of Recent Levels and Trends

Author

Listed:
  • Huong Dinh

    (University of Canberra)

  • Ben Freyens

    (University of Canberra)

  • Anne Daly

    (University of Canberra)

  • Yogi Vidyattama

    (University of Canberra)

Abstract

We measure changes in community economic resilience (CER) across geo-locations in Australia between 2006 and 2011, a time span characterised by major natural and economic shocks. We build an index of potential CER that captures communities’ stocks of human, social, natural, physical and financial capitals, levels of economic diversity and accessibility to service centres. Using Census data and the ARIA index, we resort to principal component analysis to generate CER indexes at statistical area level 1, which is our community proxy. Our analysis of index values provides a number of useful insights. First, there was a statistically significant improvement over time in the overall CER index in all states and regions. Second, our CER measures improved at a different pace across regions and states while their rank remained mostly unchanged. Third, CER improved over time in social and physical capital and accessibility terms, but declined in human, natural, financial capital and diversity terms. Fourth, communities with a high economic diversity level reported higher capital stock except for natural capital, and communities with a low accessibility level had lower capital stock except for social and natural capital. Finally, CER has a long-term positive association with household income.

Suggested Citation

  • Huong Dinh & Ben Freyens & Anne Daly & Yogi Vidyattama, 2017. "Measuring Community Economic Resilience in Australia: Estimates of Recent Levels and Trends," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(3), pages 1217-1236, July.
    • Handle: RePEc:spr:soinre:v:132:y:2017:i:3:d:10.1007_s11205-016-1337-y
    DOI: 10.1007/s11205-016-1337-y
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    Cited by:

    1. Matheus Pereira Libório & Oseias da Silva Martinuci & Alexei Manso Correa Machado & Renata de Mello Lyrio & Patrícia Bernardes, 2022. "Time–Space Analysis of Multidimensional Phenomena: A Composite Indicator of Social Exclusion Through k-Means," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 159(2), pages 569-591, January.
    2. Jing Tan & Li Peng & Shili Guo, 2020. "Measuring Household Resilience in Hazard-Prone Mountain Areas: A Capacity-Based Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 152(3), pages 1153-1176, December.

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    More about this item

    Keywords

    Community economic resilience; Community capital; Accessibility; Diversity;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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