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The Crisis and Regional Resilience in Europe: On the Importance of Urbanization and Specialization

  • Steven Brakman
  • Harry Garretsen
  • Charles van Marrewijk

Using a rich data set on the EU regions, we analyze the relevance of two possible determinants of a region’s resilience to shocks, the degree of urbanization and specialization. We take the Great Recession, the economic and financial crisis that started in 2008, as our shock and then analyze how the NUTS II EU regions differ in their resilience to the crisis in terms of unemployment and real GDP per capita. In prior research it has been well established that (EU) regions differ in their resilience to shocks but it typically remains unclear as to why regions differ in this respect. For the 2008- 2012 period, we find that the degree and nature of regional urbanization and specialization are important drivers of the resilience of EU regions. More in particular, we find that that EU regions with a relatively large share of its population in commuting areas in combination with a specialization in medium high tech industries are relatively resilient, that is were less affected by the crisis, a result that suggests a relationship with international trade.

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File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2014/wp-cesifo-2014-03/cesifo1_wp4724.pdf
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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 4724.

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Date of creation: 2014
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Handle: RePEc:ces:ceswps:_4724
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  1. Courant, P.N. & Deardorff, A.V., 1989. "International Trade With Lumpy Countries," Papers 90-04, Michigan - Center for Research on Economic & Social Theory.
  2. Stefan P.T. Groot & Jan L. Mohlmann & Harry Garretsen & Henri L.F. de Groot, 2011. "The Crisis Sensitivity of European Countries and Regions: Stylized Facts and Spatial Heterogeneity," Tinbergen Institute Discussion Papers 11-071/3, Tinbergen Institute.
  3. Duranton, Gilles & Puga, Diego, 2014. "The Growth of Cities," Handbook of Economic Growth, in: Handbook of Economic Growth, edition 1, volume 2, chapter 5, pages 781-853 Elsevier.
  4. 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, 02.
  5. Courant Paul N. & Deardorff Alan V., 1993. "Amenities, Nontraded Goods, and the Trade of Lumpy Countries," Journal of Urban Economics, Elsevier, vol. 34(2), pages 299-317, September.
  6. Glaeser, Edward L. & Kahn, Matthew E., 2004. "Sprawl and urban growth," Handbook of Regional and Urban Economics, in: J. V. Henderson & J. F. Thisse (ed.), Handbook of Regional and Urban Economics, edition 1, volume 4, chapter 56, pages 2481-2527 Elsevier.
  7. Ben Gardiner & Ron Martin & Peter Sunley & Peter Tyler, 2013. "Spatially unbalanced growth in the British economy," Journal of Economic Geography, Oxford University Press, vol. 13(6), pages 889-928, November.
  8. Steven Brakman & Charles van Marrewijk, 2011. "Lumpy Countries, Urbanization, and Trade," CESifo Working Paper Series 3669, CESifo Group Munich.
  9. Edward L. Glaeser, 2005. "Reinventing Boston: 1630--2003," Journal of Economic Geography, Oxford University Press, vol. 5(2), pages 119-153, April.
  10. Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
  11. repec:dgr:uvatin:2011071 is not listed on IDEAS
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