Which of a region's characteristics most strongly influence its degree of resilience? This study constructs a composite resilience index for the Spanish regions and uses Multiple Factor Analysis to compare it with the Martin resilience index (Martin, 2012). The results of a Principal Components Analysis to measure the relative contributions of potential regional resilience drivers indicate that, during recovery periods, it is market-service focused regional economies that show stronger resilience, while, in crisis periods, it is regions with a more highly-educated workforce.
KEYWORDSdata envelopment analysis, multiple factor analysis, principal components analysis, regional resilience, Spanish economy JEL CLASSIFICATION R11; R12; R58
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.