Impacts and Responses
Edited by Matthias Ruth, Kieran Donaghy and Paul Kirshen
Edited by Peter Nijkamp, Jacques Poot and Mediha Sahin
From Research to Practice
Edited by Nicola F. Dotti
Gillian Bristow and Adrian Healy
This introductory chapter provides an overview of the economic crisis that hit European regions from 2007 and which took hold in 2008_09. It introduces the concept of regional economic resilience and outlines the key approach to measuring and assessing regional economic resilience which was developed for this research. This chapter concludes by providing an outline of the organisation and structure of the book, and a summary of its key themes.
This chapter develops an approach for operationalising the concept of regional economic resilience in a cross-comparative analysis of the effects of the 2008_09 economic crisis on European regions. The approach focuses on measuring resilience in terms of post-shock outcomes and adapts available methods for dating regional business cycles to capture differences in both the timing of when the shock hit regions, and the amplitude and duration of the downturns experienced and subsequent recoveries. This analysis highlights that the economic crisis of 2008_09 was not a single event but rather a series of closely connected events that together amounted to a major economic shock. Different places were affected by these events at different times. The business cycle approach adopted for this work is a major innovation in approaches to measuring the resilience of economies to economic shocks, as it allows a more nuanced measurement of the particular response of each region.
Iwona Sagan and Grzegorz Masik
This chapter provides a case study of the Pomorskie region of Poland which exhibited strong resilience to the 2008_09 crisis. The chapter explores the reasons for the region’s economic resilience. The analysis highlights the importance of the relative resilience of the Polish economy as a whole, as well as the diversified economic structure of the Pomorskie region. The analysis also highlights the adaptability associated with the region’s flexible labour force and open society and economy.
Rüdiger Wink, Laura Kirchner, Florian Koch and Daniel Speda
This chapter describes the experiences in the region of Stuttgart during and after the global financial and economic crisis of 2008_09. The region was severely negatively hit by the crisis but achieved a fast recovery, notably by increasing exports to China. While the region faced huge problems to recover after a recession in the early 1990s, by 2014 Stuttgart had reached a new peak of employment. The reasons for this successful recovery are mainly rooted in the competitiveness and innovation capabilities of manufacturing industries and in the region’s institutional thickness. Despite the economic success, however, risks remain when considering the growing dependence of the regional economy on the automotive industry and export demand.
Uku Varblane and Urmas Varblane
This chapter explores the effect of the 2008_09 crisis on the region of North Estonia. The region was hit very hard owing to its high openness and dependence upon foreign trade. However, a swift and decisive national policy response helped foster very rapid recovery, with a radical reduction of public expenditures and accelerated utilisation of EU funds particularly important factors.