Regional economic resilience in the European Union: a numerical general equilibrium analysis

Filippo Di Pietro (), Patrizio Lecca and Simone Salotti
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Filippo Di Pietro: Universidad de Sevilla

No 2020-03, JRC Working Papers on Territorial Modelling and Analysis from Joint Research Centre

Abstract: Using a spatial general equilibrium model, this paper investigates the resilience of EU regions under three alternative recessionary shocks, each of them activating different economic adjustments and mechanisms. We measure the vulnerability, resistance, and recoverability of regions and we identify key regional features affecting the ability of regions to withstand to and recover from unexpected external shocks. The analysis reveals that the response of regions varies according to the nature of the external disturbance and to the pre-shock regional characteristics. Finally, it seems that resilience also depends on factors' mobility.

Keywords: Rhomolo; Region; Growth; computable general equilibrium model; regional economic resilience; economic shocks. (search for similar items in EconPapers)
JEL-codes: C68 R13 R15 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2020-04
New Economics Papers: this item is included in nep-cmp, nep-geo, nep-int, nep-ore and nep-ure
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Regional economic resilience in the European Union: a numerical general equilibrium analysis (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:termod:202003

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