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Location matters: A spatial econometric analysis of regional resilience in the European Union

Author

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  • Annoni, Paola
  • de Dominicis, Laura
  • Khabirpour, Neysan
Abstract
The aim of this study is to empirically examine regional resilience by assessing economic growth patterns in two distinct groups of regions across the European Union in the aftermath of the 2008 economic and financial crisis. In an effort to consider the regions as interconnected economic areas and account for spillover effects, the model incorporates complex spatial effects that consider both spatial heterogeneity and spatial dependence. The analysis follows a step-wise approach. First, spatial heterogeneity is assessed by employing Exploratory Spatial Data Analysis, which identifies two distinct spatial regimes, a core and a periphery, based on their initial level of economic development. A Spatial Durbin Model is then employed to estimate the determinants of regional resilience and growth in both regimes, including potential spillover effects. Results indicate that while both spatial regimes experience processes of economic convergence, recent determinants of growth, as well as spillover dynamics, differ across the two. In the core regime, better institutions, higher shares of investment, and an economy specialized in higher value-added sectors significantly spur domestic growth, with investment also inducing positive spillover effects to neighbouring regions. In the peripheral regime, low shares of lower-secondary educational attainment and high shares of tertiary educational attainment have a significant positive effect on domestic growth, with higher shares of tertiary educational attainment also inducing positive spillover effects. Moreover, technological readiness is also identified as an important factor in the peripheral regime with positive spillover effects. Upon the bedrock of these findings, initial policy proposals are offered.

Suggested Citation

  • Annoni, Paola & de Dominicis, Laura & Khabirpour, Neysan, 2019. "Location matters: A spatial econometric analysis of regional resilience in the European Union," Munich Reprints in Economics 78233, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenar:78233
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    Cited by:

    1. Anping Chen & Nicolaas Groenewold, 2019. "Regional resilience in China: The response of the provinces to the growth slowdown," Economics Discussion / Working Papers 19-06, The University of Western Australia, Department of Economics.
    2. Andrés Rodríguez-Pose & Vinko Muštra, 2022. "The economic returns of decentralisation: Government quality and the role of space," Environment and Planning A, , vol. 54(8), pages 1604-1622, November.
    3. Burhan Can Karahasan, 2020. "Winners and losers of rapid growth in Turkey: Analysis of the spatial variability of convergence," Papers in Regional Science, Wiley Blackwell, vol. 99(3), pages 603-644, June.
    4. Małgorzata Dziembała, 2021. "The Enhancement of Sustainable Competitiveness of the CEE Regions at the Time of the COVID-19 Pandemic Instability," Sustainability, MDPI, vol. 13(23), pages 1-17, November.
    5. Maras Marin, 2022. "The spillover effect of European Union funds between the regions of the new European Union members," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 8(1), pages 58-72, June.
    6. Vinko Muštra & Blanka Škrabić Perić & Smiljana Pivčević, 2023. "Cultural heritage sites, tourism and regional economic resilience," Papers in Regional Science, Wiley Blackwell, vol. 102(3), pages 465-482, June.
    7. ADACHI Yusuke & OGAWA Hikaru & TSUBUKU Masafumi, 2022. "Crises and changes in productivity distributions: a regional perspective in Japan," Discussion papers 22041, Research Institute of Economy, Trade and Industry (RIETI).
    8. Xiaojing Li & Jing Chen, 2023. "Global or Local Spatial Spillovers? Industrial Diversity and Economic Resilience in the Middle Reaches of the Yangtze River Urban Agglomeration, China," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
    9. Giuseppe Terzo, 2021. "Social capital, social economy and economic resilience of Italian provinces," Papers in Regional Science, Wiley Blackwell, vol. 100(5), pages 1113-1135, October.
    10. KYDROS Dimitrios & FILENTA Pagona, 2022. "Literature Review of Economic and Regional Development through Quantitative Methods and Social Network Analysis," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    11. Simon K. C. Cheung & Tommy K. Y. Cheung, 2022. "Mixed membership nearest neighbor model with feature difference," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(8), pages 1578-1594, December.
    12. Ziyan Zheng & Fangdao Qiu & Xinlin Zhang, 2020. "Heterogeneity of correlation between the locational condition and industrial transformation of regenerative resource‐based cities in China," Growth and Change, Wiley Blackwell, vol. 51(2), pages 771-791, June.
    13. Cutrini, Eleonora & Mendez, Carlos, 2023. "Convergence clubs and spatial structural change in the European Union," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 167-181.
    14. Theodoros Arvanitopoulos & Vassilis Monastiriotis & Theodore Panagiotidis, 2021. "Drivers of convergence: The role of first- and second-nature geography," Urban Studies, Urban Studies Journal Limited, vol. 58(14), pages 2880-2900, November.
    15. Arano, Kathleen G. & Srinivasan, Arun K., 2021. "Local Economies and Economic Growth, Does Location Matter? A Spatial Analysis in the Great Lakes Region," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 51(1), June.
    16. Xin Mai & Roger C. K. Chan, 2020. "Detecting the intellectual pathway of resilience thinking in urban and regional studies: A critical reflection on resilience literature," Growth and Change, Wiley Blackwell, vol. 51(3), pages 876-889, September.
    17. Eleonora Cutrini, 2023. "Postcrisis recovery in the regions of Europe: Does institutional quality matter?," Journal of Regional Science, Wiley Blackwell, vol. 63(1), pages 5-29, January.
    18. FILENTA Pagona & KYDROS Dimitrios, 2023. "The Application Of Social Network Analysis To Economic And Regional Development: Tertiary Educational Attainment By Sex And Nuts 2 Regions," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 18(2), pages 124-139, August.
    19. Batabyal, Amitrajeet & Kourtit, Karima, 2021. "An Analysis of Resilience in Complex Socioeconomic Systems," MPRA Paper 105197, University Library of Munich, Germany, revised 08 Jan 2021.
    20. Pascal Ricordel, 2024. "Domestic or export: What is basic at the NUTS 2 regional level? A spatial endogenous regional growth model applied in the EU," Growth and Change, Wiley Blackwell, vol. 55(1), March.
    21. Julián Ramajo & Miguel A. Márquez & Geoffrey J. D. Hewings, 2024. "Addressing spatial dependence when estimating technical efficiency: A spatialized data envelopment analysis of regional productive performance in the European Union," Growth and Change, Wiley Blackwell, vol. 55(1), March.
    22. Fabian Geelhoedt & Vicente Royuela & David Castells-Quintana, 2021. "Inequality and Employment Resilience: An Analysis of Spanish Municipalities during the Great Recession," International Regional Science Review, , vol. 44(1), pages 113-141, January.
    23. Costa de Arguibel Facundo & Sánchez Vargas Isabela & González Fernando Antonio Ignacio & Dip Juan Antonio, 2023. "Convergencia entre distritos argentinos: Un enfoque de econometría espacial," Asociación Argentina de Economía Política: Working Papers 4638, Asociación Argentina de Economía Política.

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