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A Framework for Measuring County Economic Resilience

Author

Listed:
  • Randall Jackson

    (Regional Research Institute, West Virginia University)

  • Mulugeta Kahsai

    (College of Engineering and Technology, Virginia State University)

  • Peter Schaeffer

    (Regional Research Institute, West Virginia University)

  • Mark Middleton

    (Regional Research Institute, West Virginia University)

  • Junbo Yu

    (School of Administration, Jilin University)

Abstract

The study provides a framework to develop economic resilience index for West Virginia counties based on the premise that county economic resilience depends on its physical and human resources, structure and diversity of its economic base (employment and income diversity), entrepreneurial activity and business dynamics and scale and proximity (spatial issues). Using 17 indicators along four of the six proposed dimensions, a preliminary economic resilience index has been created for West Virginia counties for the years 2000 and 2005. Geospatial maps are also developed to explore the evolution of the geographical patterns of economic resilience across time. The effectiveness of the index is further affirmed in correlation analyses where the contribution of economic resilience to unemployment reduction and employment growth is highly significant. These preliminary results are encouraging and appear to be pointing in a useful direction. The discussion in this study can serve as a starting point for building a broad-based, standardized, and consistent definition and measure of economic resilience.

Suggested Citation

  • Randall Jackson & Mulugeta Kahsai & Peter Schaeffer & Mark Middleton & Junbo Yu, 2015. "A Framework for Measuring County Economic Resilience," Working Papers Working Paper 2015-03, Regional Research Institute, West Virginia University.
  • Handle: RePEc:rri:wpaper:2015wp03
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    File URL: https://researchrepository.wvu.edu/rri_pubs/22/
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    References listed on IDEAS

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    5. Lino Briguglio & Gordon Cordina & Nadia Farrugia & Stephanie Vella, 2009. "Economic Vulnerability and Resilience: Concepts and Measurements," Oxford Development Studies, Taylor & Francis Journals, vol. 37(3), pages 229-247.
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    Cited by:

    1. Philip Watson & Steven Deller, 2022. "Tourism and economic resilience," Tourism Economics, , vol. 28(5), pages 1193-1215, August.
    2. Fabian Geelhoedt & Vicente Royuela & David Castells-Quintana, 2021. "Inequality and Employment Resilience: An Analysis of Spanish Municipalities during the Great Recession," International Regional Science Review, , vol. 44(1), pages 113-141, January.
    3. Ifrim, Mihaela & Lazorec, Maria & Pintilescu, Carmen, 2022. "Assessing the economic resilience in central and eastern EU countries. A multidimensional approach," MPRA Paper 117912, University Library of Munich, Germany.
    4. Jana OSTARKOVA & Michaela STANICKOVA, 2021. "Editorial: How well do we know the issue of resilience? Literary research of current levels of knowledge," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 12, pages 12-42, August.
    5. Chacon-Hurtado, Davis & Kumar, Indraneel & Gkritza, Konstantina & Fricker, Jon D. & Beaulieu, Lionel J., 2020. "The role of transportation accessibility in regional economic resilience," Journal of Transport Geography, Elsevier, vol. 84(C).

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    More about this item

    Keywords

    regional economic development; economic structure; resilience;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

    NEP fields

    This paper has been announced in the following NEP Reports:

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