Technological Coherence and the Adaptive Resilience of Regional Economies
Silvia Rocchetta and
No 1713, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography
This paper explores the effect of different regional technological profiles on the resilience of regional economies to exogenous shocks. We conduct an empirical examination of the determinants of resilience through panel analyses of UK NUTS III level data for the 2004-2012 period. The results indicate that regions endowed with technologically coherent - and not simply diversified - knowledge bases are better prepared to face an unforeseen downturn and display resilience. Moreover, local economies tend to be more adaptable if they innovate in sectors with the strongest growth opportunities, even though firms' net entry does not appear to contribute significantly towards resilience.
Keywords: resilience; adaptation; innovation; technological variety; financial crisis (search for similar items in EconPapers)
JEL-codes: O30 R11 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-ino, nep-sbm and nep-ure
Date: 2017-06, Revised 2017-06
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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:1713
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