Resilience in the European Union: the effect of the 2008 crisis on the ability of regions in Europe to develop new industrial specializations

Jing Xiao, Ron Boschma () and Martin Andersson

No 1608, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: This paper adopts an evolutionary framework to the study of industrial resilience. We present a study on European regions and assess the extent to which the capacity of their economies to develop new industrial specializations is affected by the global economic crisis of 2008. We compare levels of industry entry in European regions in the period 2004-2008 and 2008-2012, i.e. before and after a major economic disturbance. Resilient regions are defined as regions that show high entry levels or even increase their entry levels after the shock. Industrial relatedness and population density exhibit a positive effect on regional resilience, especially on the entry of knowledge-intensive industries after the shock, while related variety per se shows no effect on regions being resilient or not.

Keywords: regional resilience; evolutionary economic geography; new growth paths; related variety; industrial relatedness (search for similar items in EconPapers)
JEL-codes: B52 O18 R11 (search for similar items in EconPapers)
Date: 2016-04, Revised 2016-04
New Economics Papers: this item is included in nep-cse, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Journal Article: Resilience in the European Union: the effect of the 2008 crisis on the ability of regions in Europe to develop new industrial specializations (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:1608

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