Investigating the Governance Mechanisms that Sustain Regional Economic Resilience and Inclusive Growth

Marianne Sensier (marianne.sensier@manchester.ac.uk) and Elvira Uyarra

Economics Discussion Paper Series from Economics, The University of Manchester

Abstract: We review the literature on regional economic resilience and discuss how it interrelates with systems of governance, local sustainability and inclusive growth. Resilience is a complex and multifaceted phenomenon shaped by pre-existing structural conditions, networks as well as institutional and governance configurations. We discuss the devolution and municipal socialism styles of governances that have evolved in Greater Manchester and Preston and compare their economic resilience and recovery from the global financial crisis. Our key empirical finding from our economic resilience scorecard is that Manchester has been the most resilient sub-region, particularly in the recovery of jobs since the crisis, while peripheral areas have continued to suffer. Preston has experienced increased productivity but at the expense of declining employment which is yet to recover. Preston, in following community wealth building policies, has had a more equitable recovery and is improving well-being for its citizens. In our policy recommendations we suggest local authorities need greater capacity and redundancy in the system and local industrial strategies need to encourage firms to invest in green innovation to deal with future crisis.

JEL-codes: C22 E32 (search for similar items in EconPapers)
Date: 2020-05
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:man:sespap:2005

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