Industrial Relatedness and Regional Resilience in the European Union

Giulio Cainelli, Roberto Ganau and Marco Modica

No 1822, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: The 2008 Great Recession prompted interest in the concept of regional resilience. This paper discusses and empirically investigates the relationship between industrial relatedness and economic resilience across European Union regions over the 2008-2012 crisis period. The analysis focuses on two types of industrial relatedness: technological and vertical (i.e. market-based). The empirical analysis is performed on a sample of 209 NUTS-2 regions in 16 countries. Our results highlight a positive effect of technological relatedness on the probability of resilience in the very short run (i.e. the 2008-2009 period), while the negative effect of vertical relatedness seems to persist for longer.

Keywords: Technological Relatedness; Vertical Relatedness; Regional Resilience; European Union (search for similar items in EconPapers)
JEL-codes: B52 C25 O52 R11 (search for similar items in EconPapers)
Date: 2018-05, Revised 2018-05
New Economics Papers: this item is included in nep-eur, nep-geo, nep-hme, nep-tid and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Journal Article: Industrial relatedness and regional resilience in the European Union (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:1822

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