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Understanding of resilience in the context of regional development using composite index approach: the case of European Union NUTS-2 regions

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  • Michaela Stanickova
  • Lukáš Melecký

Abstract

Economies have always been prone to different kinds of exogenous shocks, which can destabilize the path and pattern of regional economic growth. Regional economy perturbed by a shock may move onto a new growth path by re-establishing economic linkages, both internally and with other regions. The question why one region is more vulnerable to economic shock than other, impelled to analyze notion of resilience in a regional development context. Despite own limitations of quantitative methods, several approaches in the form of composite indices (CIs) have been proposed by the European Union (EU) and the other institutions. The aim of this paper is to throw light on some of the underlying aspects of regional resilience and provide an overview of a notion as well as analysis of research studies on constructing the territorial CIs. The main results of the paper are overview and comparison of regional resilience literature and empirics of existing CIs that lead to measuring the EU NUTS-2 regions resilience based on constructing own index. CIs construction includes several steps that have to be made and corresponding methods have to be chosen. Primarily, selection of sub-indicators, normalizing methods, weighting schemes and aggregation formulas are fundamental.

Suggested Citation

  • Michaela Stanickova & Lukáš Melecký, 2018. "Understanding of resilience in the context of regional development using composite index approach: the case of European Union NUTS-2 regions," Regional Studies, Regional Science, Taylor & Francis Journals, vol. 5(1), pages 231-254, January.
    • Handle: RePEc:taf:rsrsxx:v:5:y:2018:i:1:p:231-254
    DOI: 10.1080/21681376.2018.1470939
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    Citations

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    Cited by:

    1. George J. XANTHOS & Evangelos N. DULUFAKIS, 2023. "Measurement Approaches Of Regional Economic Resilience: A Literature Review," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 47-59, June.
    2. Giuseppe Terzo, 2021. "Social capital, social economy and economic resilience of Italian provinces," Papers in Regional Science, Wiley Blackwell, vol. 100(5), pages 1113-1135, October.
    3. Margarida Rodrigues & Mário Franco, 2020. "Measuring the urban sustainable development in cities through a Composite Index: The case of Portugal," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 507-520, July.
    4. Alina Botezat & Mihaela David & Cristian Incaltarau & Peter Nijkamp, 2021. "The Illusion of Urbanization: Impact of Administrative Reform on Communities’ Resilience," International Regional Science Review, , vol. 44(1), pages 33-84, January.
    5. Nicoletta Corrocher & Camilla Lenzi & Marie-Louise Deshaires, 2020. "The curse of natural resources: an empirical analysis of European regions," Regional Studies, Taylor & Francis Journals, vol. 54(12), pages 1694-1708, December.
    6. KYDROS Dimitrios & FILENTA Pagona, 2022. "Literature Review of Economic and Regional Development through Quantitative Methods and Social Network Analysis," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    7. 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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