The Economic Resilience of U.S. Counties during the Great Recession

Yicheol Han and Stephan Goetz
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Yicheol Han: Penn State University

The Review of Regional Studies, 2015, vol. 45, issue 2, 131-149

Abstract: A regional economy perturbed by a shock may move onto a new growth path by reestablishing economic linkages both internally and with other regions. This dynamic property of regions has recently been explained in terms of regional economic resilience. In this paper, we introduce a more refined measure of economic resilience and then apply it to monthly employment data for U.S. counties in the 2007-2009 downturn. We suggest that describing and analyzing the distinct response patterns during this downturn are important starting points for policy makers to understand the spatial resilience of the US economy.

Keywords: regional economic growth; regional economic resilience; Great Recession (search for similar items in EconPapers)
JEL-codes: E32 R10 R11 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (32)

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Persistent link: https://EconPapers.repec.org/RePEc:rre:publsh:v45:y:2015:i:2:p:131-149

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