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Regional economic resilience: the experience of the Italian local labor systems

Alessandra Faggian (), Roberta Gemmiti (), Timothy Jaquet () and Isabella Santini ()
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Roberta Gemmiti: Sapienza University of Rome
Timothy Jaquet: The Ohio State University
Isabella Santini: Sapienza University of Rome

The Annals of Regional Science, 2018, vol. 60, issue 2, 393-410

Abstract: Abstract After defining the concept of resilience and its application to the regional context, the paper presents a preliminary evaluation of regional economic resilience in the case of the Italian regions. In doing so, we follow the approach by Martin (J Econ Geogr 12:1–32, 2012) and Martin and Sunley (2015) who identify three different dimensions to regional economic resilience: (a) resistance, i.e., the degree of sensitivity or depth of reaction of a regional economy to a recessionary shock; (b) recovery, i.e., the speed and magnitude of the recovery; (c) reorientation and renewal, i.e., the ability of a region to adapt in response to the shock and renew its growth path. The analysis is conducted at the local labor systems (LLS) geographical level and focuses, at this stage, only on the first two dimensions of resilience, i.e., resistance and recovery. The recessionary shock (2009–2010) is defined following the Italian National Statistical Institute approach for which a recession implies a decrease in GDP for three consecutive trimesters. The pre-recessionary period is 2007–2008 and the recovery period 2011 (as a new recession started again in Italy at the end of 2011). The results clearly point at very heterogeneous resilience for the Italian LLS.

JEL-codes: R1 R11 O4 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:spr:anresc:v:60:y:2018:i:2:d:10.1007_s00168-017-0822-9