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Levelling up Regional Resilience Following the Coronavirus Pandemic

Marianne Sensier () and Fiona Devine

Economics Discussion Paper Series from Economics, The University of Manchester

Abstract: We investigate economic resilience of UK sub-regions before, during and after the 2007/08 global financial crisis. We date business cycle turning points in real GVA, employment and productivity to assess the resilience dimensions of resistance, recovery and renewal and rank the economic resilience of regions in a resilience scorecard. We correlate the financial crisis sub-regional recovery growth rates with a range of variables and find that generally resilient regions have: greater shares of the population with higher level qualifications; higher shares of managers and professionals and more specialised industries (particularly in knowledge intensive services and high tech). We discuss recovery policies that could be implemented following the coronavirus pandemic.

JEL-codes: C22 E32 (search for similar items in EconPapers)
Date: 2020-06
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