IDEAS home Printed from
   My bibliography  Save this paper

Understanding And Responding To The Regional Perceptions Of The Global Economic Crisis: Toward The 'Low-Tech' Knowledge-Based Approach


  • Alfirevic, Niksa

    () (University of Split)

  • Pavicic, Jurica

    () (University of Zagreb)

  • Znidar, Kresimir

    () (Valicon plc)


In this paper, authors apply the 'sense-and-respond' model to understanding and modeling reactions of customers in the wider South-East European (SEE) region to the actual economic crisis. As results of the previous research indicate that the role of contemporary knowledgebased tools can serve as a complement, rather as a replacement for the 'traditional' research methodology, the role of universities and other knowledge providers to the business community in responding to the economic crisis is also critically examined. The paper suggests that development and the use of a modified 'sense-and-response' model at the industry/cluster level could assist all economic and social actors in relieving the consequences of the economic crisis/recession, as well as affirm the role of the university in the process.

Suggested Citation

  • Alfirevic, Niksa & Pavicic, Jurica & Znidar, Kresimir, 2009. "Understanding And Responding To The Regional Perceptions Of The Global Economic Crisis: Toward The 'Low-Tech' Knowledge-Based Approach," Papers 2009/11, Osterreichish-Rumanischer Akademischer Verein.
  • Handle: RePEc:ris:sphedp:2009_011

    Download full text from publisher

    File URL:
    File Function: Full text
    Download Restriction: no

    More about this item


    global economic crisis; knowledge based approach;

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:sphedp:2009_011. 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: (Brindusa Covaci) or (Constantin Mecu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.