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Resilience, Skill Endowment, and Diversity: Evidence from US Metropolitan Areas

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  • Fabrizio Fusillo
  • Davide Consoli
  • Francesco Quatraro

Abstract

This article investigates the role of technological, industrial, and human capital composition in shaping short-term regional resilience in the wake of the Great Recession of 2008. Using data on 295 US Metropolitan Statistical Areas over the period 2008–14, we find that the most resilient regions feature a very diversified industrial structure. At the same time, an excess of technological diversity thwarts the ability to absorb external shocks. Lastly, a high endowment of high-level abstract skills is positively correlated with regional resilience, though the moderating effect of technological diversity is negative.

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  • Fabrizio Fusillo & Davide Consoli & Francesco Quatraro, 2022. "Resilience, Skill Endowment, and Diversity: Evidence from US Metropolitan Areas," Economic Geography, Taylor & Francis Journals, vol. 98(2), pages 170-196, March.
    • Handle: RePEc:taf:recgxx:v:98:y:2022:i:2:p:170-196
    DOI: 10.1080/00130095.2021.2008797
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    1. Fusillo, Fabrizio, 2023. "Green Technologies and diversity in the knowledge search and output phases: Evidence from European Patents," Research Policy, Elsevier, vol. 52(4).
    2. Kitsos, Anastasios & Grabner, Simone Maria & Incera, Andre Carrascal, 2022. "The role of embeddedness in regional economic resistance," SocArXiv b759j, Center for Open Science.
    3. Cottafava, Dario & Gastaldo, Michele & Quatraro, Francesco & Santhiá, Cristina, 2022. "Modeling economic losses and greenhouse gas emissions reduction during the COVID-19 pandemic: Past, present, and future scenarios for Italy," Economic Modelling, Elsevier, vol. 110(C).

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