Testing and explaining economic resilience with an application to Italian regions

Paolo Di Caro ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper studies regional economic resilience by exploiting the properties of the nonlinear smooth-transition autoregressive model. A testing procedure to distinguish between engineering and ecological resilience is presented, and a measurement of economic resilience is provided. Regional differences in economic resilience are explained by the presence of spatial interactions and by adopting a set of determinants like economic diversity, export performance, financial constraints, and human and social capital. An empirical investigation is conducted for analysing regional employment evolution in Italy from 1992 to 2012. Some concluding suggestions propose possible future areas of research.

Keywords: regional resilience; hysteresis; smooth transition regression (search for similar items in EconPapers)
JEL-codes: C34 R1 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-geo and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

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Journal Article: Testing and explaining economic resilience with an application to Italian regions (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:60298

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