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Recessions, recoveries and regional resilience: Evidence on Italy

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  • Di Caro, Paolo

Abstract

This paper analyses regional resilience and local economic growth patterns in Italy over the past four decades. Place-specific transient and permanent effects of aggregate employment shocks are studied. Geographical asymmetries in engineering and ecological resilience are found, providing auxiliary insights on the rooted Italian regional inequalities. The territorial impact of different crises is investigated and a direct comparison with the UK case is offered. The importance of manufacturing activities for explaining economic resilience is assessed, finding out a positive relation between the resilience of the industrial sector and the overall local economic development. Some policy implications are conclusively discussed.

Suggested Citation

  • Di Caro, Paolo, 2014. "Recessions, recoveries and regional resilience: Evidence on Italy," MPRA Paper 60297, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:60297
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    Citations

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    Cited by:

    1. Marina Capparucci & Emanuela Ghignoni & Alina Verashchagina & Natalia Vorozhbit, 2015. "The Drivers of Innovation in the Italian Manufacturing Sector," Economia & lavoro, Carocci editore, issue 3, pages 111-128.
    2. Di Caro, Paolo, 2014. "Testing and explaining economic resilience with an application to Italian regions," MPRA Paper 60298, University Library of Munich, Germany.
    3. Giulio Cainelli & Roberto Ganau & Marco Modica, 2018. "Industrial Relatedness and Regional Resilience in the European Union," Papers in Evolutionary Economic Geography (PEEG) 1822, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised May 2018.
    4. Roberto Cellini & Paolo Di Caro & Gianpiero Torrisi, 2017. "Regional resilience in Italy: do employment and income tell the same story?," Chapters,in: Handbook of Regions and Competitiveness, chapter 14, pages 308-331 Edward Elgar Publishing.
    5. repec:gam:jsusta:v:9:y:2017:i:12:p:2136-:d:120922 is not listed on IDEAS
    6. repec:spr:anresc:v:60:y:2018:i:2:d:10.1007_s00168-017-0858-x is not listed on IDEAS
    7. repec:bla:presci:v:96:y:2017:i:1:p:93-113 is not listed on IDEAS
    8. Cellini, Roberto & Cuccia, Tiziana, 2014. "The Tourism Industry in Italy during the Great Recession (2008-12): What Data Show and Suggest," MPRA Paper 62473, University Library of Munich, Germany, revised Feb 2015.
    9. Ugo Marani, 2014. "Economic monetary union and regional divergences: the legacy of Augusto Graziani," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2014(112), pages 159-171.
    10. Marco Modica & Aura Reggiani, 2015. "Spatial Economic Resilience: Overview and Perspectives," Networks and Spatial Economics, Springer, vol. 15(2), pages 211-233, June.
    11. Ron Martin & Peter Sunley & Peter Tyler, 2015. "Local growth evolutions: recession, resilience and recovery," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 8(2), pages 141-148.
    12. repec:eur:ejesjr:121 is not listed on IDEAS
    13. 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.
    14. Cellini, Roberto & Cuccia, Tiziana, 2018. "Do behaviours in cultural markets affect economic resilience? An analysis of the Italian regions," MPRA Paper 83904, University Library of Munich, Germany.
    15. Mete Basar Baypinar, 2016. "Evolution of ICT and software industry: Crisis, resilience and the role of emerging clusters," ERSA conference papers ersa16p232, European Regional Science Association.

    More about this item

    Keywords

    recessions; recoveries; regional resilience; local economic growth;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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