Exploring the role of industrial structure for regional economic resilience

Luciana Lazzeretti, Stefania Oliva () and Niccolò Innocenti

No 1917, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: The evolutionary approach of regional economic resilience suggests that an external shock can lead to a structural change and the development of new industrial specializations. Among its determinants, a role is played by the industrial structure where a certain degree of specialisation or diversification may influence the response of regions to shocks. The article aims at investigating the role of the relatedness of new specialisations to the existing industrial structure in favouring resilience of territories. Evaluating the resilience of Italian provinces in relation to the economic crisis of 2008, the analysis seeks to understand if provinces who resisted and recovered better, followed a ?related? or ?unrelated? diversification strategy. Conclusions discusses the implications for the policy debate on smart specialisation.

Keywords: industrial structure; resilience; relatedness; smart specialisation (search for similar items in EconPapers)
JEL-codes: L16 O25 R11 (search for similar items in EconPapers)
Date: 2019-05, Revised 2019-05
New Economics Papers: this item is included in nep-eur, nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:1917

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