The role of public policy in regional resilience: An exploratory analysis of the Basque Countr

Edurne Magro and Jesús M. Valdaliso

Revista Galega de Economía, 2019, vol. 28, issue 2, 53-70

Abstract: Regional resilience, which can be defined as the regional ability to resist, adapt to, and create new regional paths from an economic crisis or external shocks, is one of the most explored issues in recent years in the literature of evolutionary economic geography. The latest advances in this topic show that resilience has a multi-dimensional character and among other factors, give importance to the role that institutions and people play. Public policies as important elements of the regional institutional context shape this ability to change. This paper focuses on understanding the relationship between innovation policy and regional resilience. For that purpose, the paper includes an historical analysis of the Basque Country region, an old industrial region that has been able to resist, recover and renew itself after different economic crises.

Keywords: Regional resilience; Innovation policies; Economic development (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sdo:regaec:v:28:y:2019:i:2_4

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