The Crisis and Regional Resilience in Europe: On the Importance of Urbanization and Specialization
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.
|Date of creation:||2014|
|Date of revision:|
|Contact details of provider:|| Postal: Poschingerstrasse 5, 81679 Munich|
Phone: +49 (89) 9224-0
Fax: +49 (89) 985369
Web page: http://www.cesifo-group.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Courant, P.N. & Deardorff, A.V., 1989.
"International Trade With Lumpy Countries,"
242, Research Seminar in International Economics, University of Michigan.
- Steven Brakman & Charles van Marrewijk, 2011.
"Lumpy Countries, Urbanization, and Trade,"
CESifo Working Paper Series
3669, CESifo Group Munich.
- Gilles Duranton & Diego Puga, 2013.
"The Growth Of Cities,"
- 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
- Edward L. Glaeser & Matthew E. Kahn, 2003. "Sprawl and Urban Growth," Harvard Institute of Economic Research Working Papers 2004, Harvard - Institute of Economic Research.
- Edward L. Glaeser & Matthew E. Kahn, 2003. "Sprawl and Urban Growth," NBER Working Papers 9733, National Bureau of Economic Research, Inc.
- Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
- 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.
- 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.
- Stefan P. T. Groot & J. L. Möhlmann & J. H. Garretsen & Henri L. F. de Groot, 2011. "The crisis sensitivity of European countries and regions: stylized facts and spatial heterogeneity," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 4(3), pages 437-456.
- Edward L. Glaeser, 2005. "Reinventing Boston: 1630--2003," Journal of Economic Geography, Oxford University Press, vol. 5(2), pages 119-153, April.
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_4724. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Klaus Wohlrabe)
If references are entirely missing, you can add them using this form.