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Levelling up Regional Resilience Following the Coronavirus Pandemic

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  • Marianne Sensier
  • Fiona Devine

Abstract

We investigate economic resilience of UK sub-regions before, during and after the 2007/08 global financial crisis. We date business cycle turning points in real GVA, employment and productivity to assess the resilience dimensions of resistance, recovery and renewal and rank the economic resilience of regions in a resilience scorecard. We correlate the financial crisis sub-regional recovery growth rates with a range of variables and find that generally resilient regions have: greater shares of the population with higher level qualifications; higher shares of managers and professionals and more specialised industries (particularly in knowledge intensive services and high tech). We discuss recovery policies that could be implemented following the coronavirus pandemic.

Suggested Citation

  • Marianne Sensier & Fiona Devine, 2020. "Levelling up Regional Resilience Following the Coronavirus Pandemic," Economics Discussion Paper Series 2008, Economics, The University of Manchester.
    • Handle: RePEc:man:sespap:2008
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    File URL: http://hummedia.manchester.ac.uk/schools/soss/economics/discussionpapers/EDP-2008.pdf
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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