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Economic Resilience: A survey (Japanese)


  • FUJII Satoshi
  • KUME Koichi
  • NAKANO Takeshi


In recent years, global economic crises and natural disasters have revealed systemic risks and the vulnerability of socio-economic structures around the world. Under these circumstances, policymakers seek solutions to strengthen their society against external shocks and have become more aware of the concept of resilience of society. Resilience is characterized by reducing failure probabilities, consequences from failures, and time to recovery. This paper surveys economic resilience. The survey first examines concepts, measurements, and empirical evidence of resilience in various research fields such as psychology, disaster prevention engineering, and economics (development economics, regional economics, macroeconomics, input-output analysis). The paper then introduces some applications of resilience to economic and industrial policies, and shows preliminary results on how factors of economic resilience worked during the global financial crisis in 2008. Finally, the paper discusses possible contributions by applying the concept of resilience to economic research and proposes a direction for future research on economic resilience.

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  • FUJII Satoshi & KUME Koichi & MATSUNAGA Akira & NAKANO Takeshi, 2012. "Economic Resilience: A survey (Japanese)," Policy Discussion Papers (Japanese) 12008, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rpdpjp:12008

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    1. Masahisa Fujita & Paul Krugman & Anthony J. Venables, 2001. "The Spatial Economy: Cities, Regions, and International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262561476, January.
    2. Alan M. Taylor, 1996. "Convergence and International Factor Flows in Theory and History," NBER Working Papers 5798, National Bureau of Economic Research, Inc.
    3. Fujita, Masahisa & Krugman, Paul & Mori, Tomoya, 1999. "On the evolution of hierarchical urban systems1," European Economic Review, Elsevier, vol. 43(2), pages 209-251, February.
    4. Fujita, Masahisa & Tabuchi, Takatoshi, 1997. "Regional growth in postwar Japan," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 643-670, November.
    5. Brezis, Elise S & Krugman, Paul R & Tsiddon, Daniel, 1993. "Leapfrogging in International Competition: A Theory of Cycles in National Technological Leadership," American Economic Review, American Economic Association, vol. 83(5), pages 1211-1219, December.
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