Financial crises and subnational socio-economic sustainability

Antonio Daher () and Daniel Moreno ()
Additional contact information
Antonio Daher: Pontificia Universidad Católica de Chile
Daniel Moreno: l Centro de Desarrollo Urbano Sustentable

Lecturas de Economía, 2016, issue 85, 211-242

Abstract: This paper verifies the differences in vulnerability and resilience of some Chilean cities and subnational regions to certain international crises (1975, 1982, 1997 and 2008), according to the behavior of regional and urban socio-economic variables. Also, the unequal economic and social sustainability of these cities and regions is assessed against the impact of the crises. The effects of the international economic and financial crises are analyzed by the behavior of sector-regional GDP, changes in foreign investment, employment and poverty. Vulnerability and resilience of subnational regions are highly variable and even divergent against the impacts of the crises; and, as a consequence, public policies to prevent and mitigate crises may end up being profoundly unequal because of their homogeneity, and less effective because of their neutrality.

Keywords: socio-economic sustainability; international crises; sub-national territories (search for similar items in EconPapers)
JEL-codes: F62 F63 R11 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://aprendeenlinea.udea.edu.co/revistas/index.p ... view/323680/20780880 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2016:i:85:p:211-242

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

DOI: 10.17533/udea.le.n85a07

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().