Economic resilience in Great Britain: the crisis impact and its determining factors for local authority districts

Kitsos, Anastasios; Bishop, Paul

doi:10.1007/s00168-016-0797-y

Cited by 100 publications

(131 citation statements)

References 38 publications

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“…In our research, per capita GDP had negative effects on economic resistance during the global financial crisis. This result is in accordance with Lee's () findings where places with higher unemployment rates had a smaller crisis impact than places with lower rates, and Kitsos and Bishop () also found that regions in Great Britain with greater employment rates prior to the crisis exhibited the greatest employment losses in the subsequent period. Another interesting finding is that we found that both the proportion of employed persons in resource industries and the proportion of industrial output above the designated size in GDP had a negative impact on the economic resilience of RBCs.…”

Section: Conclusion and Discussionsupporting

confidence: 90%

“…Equilibrium approach considers resilience as a return to preexisting equilibrium point, namely engineering resilience or as a movement to a new state namely ecological resilience. (Kitsos & Bishop, 2018;Walker, Holling, Carpenter, & Kinzig, 2004). The evolutionary approach defined resilience as continuously adaptation to constantly changing conditions (Kitsos et al, 2018;Martin, 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

“…(Kitsos & Bishop, 2018;Walker, Holling, Carpenter, & Kinzig, 2004). The evolutionary approach defined resilience as continuously adaptation to constantly changing conditions (Kitsos et al, 2018;Martin, 2012). Disturbances or shocks are the basis of resilience research, and there are almost endless lists of shocks the resilience research has deal with including natural disasters, global economic crisis, policy transformation, and so forth.…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Regional economic resilience of resource‐based cities and influential factors during economic crises in China

Tan

Fang-dao

et al. 2019

Growth and Change

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Resource‐based cities (RBCs) whose economies depend primarily on exploiting and processing natural resources usually have rigid, singular, and low‐end industrial structures, which often cripples their ability to cope with external disturbances such as international resource price fluctuations and economic downturns. This paper quantitatively analyzes the economic resilience of RBCs in China in terms of resistance and recoverability during the Asian financial crisis and the global financial crisis. Furthermore, it identifies the main factors affecting resilience. There are four main findings: First, RBCs were quickly and negatively impacted by the Asian financial crisis, which suggests that economic resistance was generally low during this period. In the recovery period, while the rate of recovery was slow at the beginning, economic recoverability improved after 2002. Economic resistance and recoverability were found to have a strong negative correlation. Second, at the beginning of the global financial crisis, the economic resistance of RBCs was generally high. However, after 2012, the number of cities that were severely affected by the economic crisis increased rapidly. Third, economic resistance varied across different types of RBCs. Coal‐based and forestry‐based cities had lower economic resistance, while oil & gas‐based cities were more resistant. RBCs in the Eastern region generally had low economic resistance, while the economic resilience of recessionary cities was also low. Finally, while factors affecting the economic resilience varied across the two economic cycles, we found that economic development, labor conditions and, most of all, the industrial structure had a statistically significant negative effect on economic resilience.

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Section: Conclusion and Discussionsupporting

confidence: 90%

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Regional economic resilience of resource‐based cities and influential factors during economic crises in China

Tan

Fang-dao

et al. 2019

Growth and Change

View full text Add to dashboard Cite

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“…• A large stock of human capital because of a relatively large subset of the population that is skilled, highly educated and entrepreneurial, will enable and drive renewal and adaptation (e.g. Giannakis & Bruggeman, 2017;Glaeser, 2005;Huggins & Thompson, 2015;Kitsos & Bishop, 2016).…”

Section: Labour Marketmentioning

confidence: 99%

New directions in researching regional economic resilience and adaptation

Evenhuis

2017

Geography Compass

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The paper has two objectives. Firstly, to disentangle several debates with regard to regional economic resilience: What is it exactly? Which types can we distinguish? How can we operationalise it? And how can we conceptualise how it works? The second objective is to outline new directions for researching regional economic resilience. Thus far, research on regional economic resilience has been dominated by quantitative studies looking at how regional economies resisted and recovered from macro‐economic downturns (especially the most recent one). I will argue that fruitful new directions are to be found in further developing evolutionary conceptions of regional economic resilience, especially in relation to structural changes in the wider economy. Such evolutionary conceptions do away with notions of equilibrium altogether and can thus encompass the complete transformation of regional economies. In terms of research focus, this entails homing in on the possible mechanisms through which the processes of reorganisation and reorientation take place within regional economies that undergo adaptation. And in terms of research methodology, this will require more research based on a comparative case study design, using a mix of quantitative and qualitative methods.

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“…Looking at the most downloaded papers, we see that the majority of the papers (3 out of 5) deals with the topic of resilience (Bristow and Healy 2018;Kitsos and Bishop 2018;Di Caro and Fratesi 2018). There are at least two explanations for this.…”

Section: Continued Broad Range Of Topics In Published Papersmentioning

confidence: 97%