Regional Economic Resilience, Hysteresis and Recessionary Shocks

Ronald Martin

No 1018, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: The notion of 'resilience' has recently risen to prominence in several disciplines, and has also entered policy discourse. Yet the meaning and relevance of the concept are far from settled matters. This paper develops the idea of resilience and examines its usefulness as an aid to understanding the reaction of regional economies to major recessionary shocks. But in so doing, it is also argued that the notion of resilience can usefully be combined with that of hysteresis in order to more fully capture the possible reactions of regional economies to major recessions. These ideas are then used as the basis for a preliminary empirical analysis of the UK regions.

Keywords: Regional economic growth; Recessionary shocks; Resilience Hysteresis (search for similar items in EconPapers)
JEL-codes: E32 R0 R10 R11 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2010-12, Revised 2010-12
New Economics Papers: this item is included in nep-geo, nep-mac and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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http://econ.geo.uu.nl/peeg/peeg1018.pdf Version December 2010 (application/pdf)

Related works:
Journal Article: Regional economic resilience, hysteresis and recessionary shocks (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:1018

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