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Technological Coherence and the Adaptive Resilience of Regional Economies

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  • Silvia Rocchetta
  • Andrea Mina

Abstract

This paper explores the effect of different regional technological profiles on the resilience of regional economies to exogenous shocks. We conduct an empirical examination of the determinants of resilience through panel analyses of UK NUTS III level data for the 2004-2012 period. The results indicate that regions endowed with technologically coherent - and not simply diversified - knowledge bases are better prepared to face an unforeseen downturn and display resilience. Moreover, local economies tend to be more adaptable if they innovate in sectors with the strongest growth opportunities, even though firms' net entry does not appear to contribute significantly towards resilience.

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  • Silvia Rocchetta & Andrea Mina, 2017. "Technological Coherence and the Adaptive Resilience of Regional Economies," Papers in Evolutionary Economic Geography (PEEG) 1713, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jun 2017.
  • Handle: RePEc:egu:wpaper:1713
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    2. Anping Chen & Nicolaas Groenewold, 2019. "Regional resilience in China: The response of the provinces to the growth slowdown," Economics Discussion / Working Papers 19-06, The University of Western Australia, Department of Economics.
    3. Ryan M. Hynes & Bernardo S. Buarque & Ronald B. Davies & Dieter F. Kogler, 2020. "Hops, Skip & a Jump - The Regional Uniqueness of Beer Styles," Working Papers 202013, Geary Institute, University College Dublin.
    4. Gergo Toth & Zoltan Elekes & Adam Whittle & Changjun Lee & Dieter F. Kogler, 2020. "Technology network structure conditions the economic resilience of regions," Papers in Evolutionary Economic Geography (PEEG) 2048, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2020.
    5. Marianne Sensier & Elvira Uyarra, 2020. "Investigating the Governance Mechanisms that Sustain Regional Economic Resilience and Inclusive Growth," Economics Discussion Paper Series 2005, Economics, The University of Manchester.
    6. Riccardo Cappelli & Fabio Montobbio & Andrea Morrison, 2021. "Unemployment resistance across EU regions: the role of technological and human capital," Journal of Evolutionary Economics, Springer, vol. 31(1), pages 147-178, January.

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    More about this item

    Keywords

    resilience; adaptation; innovation; technological variety; financial crisis;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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