The resilience of cities to economic shocks: A tale of four recessions (and the challenge of Brexit)

Martin, Ron; Gardiner, Ben

doi:10.1111/pirs.12430

Cited by 140 publications

(180 citation statements)

References 73 publications

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“…We contribute to the recent stream of literature of regional resilience [2,6,31] by using the concept of external economies of complexity [7] in order to understand how the embeddedness of a local economic system can improve resilience in an area. We suggest that the external economies of complexity can decrease the unit cost and as such increase the resilience of local firms.…”

Section: Resultsmentioning

confidence: 99%

“…Consequently, it is not surprising that the majority of empirical studies use single measures of economic output and/or labour market performance [1,2,27]. Measures such as gross value added (GVA) and labour market indicators offer the advantage of timely and regular publication, consistency in their production, and understanding by a wide range of stakeholders.…”

Section: Economic Resilience and Its Driversmentioning

confidence: 99%

“…The 2008 crisis and, in particular, its uneven impact at the subnational level, have brought economic resilience to the centre stage of regional economic research [1][2][3]. Since then, most global economies have exited the great recession of the 21st century, but the notion of resilience as the capacity to avoid or overcome a negative shock remains more crucial than ever.…”

Section: Introductionmentioning

confidence: 99%

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The Role of Embeddedness on Regional Economic Resilience: Evidence from the UK

2019

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This paper examines the role of local industrial embeddedness on economic resilience in UK Nomenclature of Territorial Units for Statistics (NUTS2) regions. The 2008 financial crisis had a profound effect on the socioeconomic conditions of different places. UK regions had significantly divergent experiences based on their capacity to avoid or overcome the shock. Research has shed light on some potential drivers behind this differential resilience performance such as skills, but others, such as the degree of a production system’s local embeddedness, are largely underexplored. This paper aims at filling this gap. We hypothesise that the combination of positive external economies of complexity and negative lock-in effects lead to an inverted U-shaped relationship between embeddedness and resilience. We use a novel dataset and method for approximating embeddedness and fixed-effects panel regressions for the period 2000–2010 to control for regional heterogeneity. The results support our hypothesis and suggest that embeddedness has a positive effect on resilience up to a point, after which more embeddedness leads to negative resilience effects. The results call for greater attention on the relationships among local industries, particularly with regards to the recent development of local industrial strategies.

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Section: Resultsmentioning

confidence: 99%

Section: Economic Resilience and Its Driversmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The Role of Embeddedness on Regional Economic Resilience: Evidence from the UK

2019

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“…There is no doubt that there has been a surge in research regarding the concept of regional economic resilience since the recent economic crisis (Fröhlich & Hassink 2018). There has also been an offshoot of this that looks specifically at urban and city resilience (Simmie 2017;Tan & et al 2017;Martin & Gardiner 2019). Despite the fact that there is some evidence that rural regions are less resilient than urban regions (Hennebry 2018), there is, as yet, a lack of research into the determinants of regional economic resilience in rural regions.…”

Section: Regional Economic Resiliencementioning

confidence: 99%

The determinants of economic resilience in rural regions. An examination of the Portuguese case

Hennebry

2020

Miscellanea Geographica

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This paper examines the factors that contributed to the economic resilience of rural regions in Portugal following the recent crisis. Portugal has for a long time faced the issue of regionalisation. However, rural regions in Portugal are not homogenous. Rural regions in Portugal are very diverse and experience very different economic realities. This paper adds to the growing body of literature on regional resilience by focusing exclusively on rural regions. Using an adaptation of Martin’s (2012) sensitivity index as a measure of resilience and bivariate analysis this paper examines the determinants of resilience in rural regions. In terms of economic structure, the paper interestingly finds that reliance on agriculture was beneficial while innovativeness hindered resilience. As for measures of social capital, the paper presents some contradictory findings. Higher rates of crime had a negative impact on resilience, however higher political participation also had a negative impact.

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“…There have been a number of studies done focusing specifically on resilience of cities and urban regions (Simmie, 2017;Tan & et al, 2017;Martin & Gardiner, 2019) but much less research has been done focusing specifically on rural regions. Sánchez-Zamora et al (2014) focus specifically on rural regions in the Andalusia region of Spain and find that economic diversification is important for building resilience.…”

Section: Theoretical Basismentioning

confidence: 99%

The economic resilience of Irish counties for subsequent recessions and the impact of population distribution on resilience

Hennebry

Хеннебри²

2020

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Relevance. Much research was undertaken on regional economic resilience after the financial crisis of 2008. The current crisis caused by Covid19 provides an opportunity to understand further the nature of regional economic resilience. It also provides an opportunity to analyse the urban-rural divide of economic resilience for two recessions. Research objective. There are two main objectives of this study Firstly, to understand if resilience to one recession provides a good indication of resilience to a subsequent recession. The second aim is to understand the urban-rural differences in regional economic resilience in Ireland. Data and methods. This is a quantitative study which uses data from the Irish Central Statistics Office regarding unemployment and population distribution. To understand economic resilience a sensitivity index is used and to check for correlation the Pearson coefficient is used. Results. Results show that there is no correlation between resilience to the financial crisis and resilience to the Covid19 crisis. Population distribution was not a determinant of resilience to the financial crisis. However, population distribution was a determinant of resilience to the Covid19 crisis. Counties with high population in ‘independent urban towns’ or ‘rural areas with moderate urban influence’ were more resilient while counties with high population in ‘satellite urban towns’ or ‘rural areas with high urban influence’ were more vulnerable. Conclusions. Economic resilience to one recession is not a good indication of resilience to future recessions. Counties with population in urban centres or more reliant on urban areas were less resilient to the Covid19 crisis.

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The resilience of cities to economic shocks: A tale of four recessions (and the challenge of Brexit)

Cited by 140 publications

References 73 publications

The Role of Embeddedness on Regional Economic Resilience: Evidence from the UK

The Role of Embeddedness on Regional Economic Resilience: Evidence from the UK

The determinants of economic resilience in rural regions. An examination of the Portuguese case

The economic resilience of Irish counties for subsequent recessions and the impact of population distribution on resilience

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