IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i20p11289-d655079.html
   My bibliography  Save this article

Spatial Connectivity and Regional Economic Resilience in Turbulent Times

Author

Listed:
  • Elias Giannakis

    (Energy Environment and Water Research Center, The Cyprus Institute, Nicosia 2121, Cyprus)

  • Christos T. Papadas

    (Department of Agricultural Economics & Rural Development, Agricultural University of Athens, 11855 Athens, Greece)

Abstract

The increasing number of economic shocks and disruptions and their highly heterogeneous territorial impacts reopened the debate on the ability of regions to withstand and recover from exogenous shocks. This paper focuses on the recessionary impact of the 2008 global financial economic crisis. It empirically explores the relationship between pre-crisis spatial connectivity and economic resilience across European Union (EU) regions over the 2008–2015 period. The empirical analysis is performed on a sample of 1312 NUTS-3 regions in 25 countries. Standard, spatial and multilevel hierarchical regression models are applied to investigate the effect of spatial connectivity and other pre-crisis determinants on regional economic resilience across three geographical scales: national, NUTS-2 regional and NUTS-3 regional. The results show that accessibility is an important factor for EU NUTS-3 regions to build resilience capabilities to exogenous shocks. Our findings demonstrate that higher accessibility is associated with greater regional economic resilience. The model results indicate a positive effect of migration and a negative effect of the ageing population on regional reaction to the crisis. Our analysis highlights the importance of country effects and spatial spillover effects on the ability of regions to shape resilience capabilities.

Suggested Citation

  • Elias Giannakis & Christos T. Papadas, 2021. "Spatial Connectivity and Regional Economic Resilience in Turbulent Times," Sustainability, MDPI, vol. 13(20), pages 1-12, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:20:p:11289-:d:655079
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/20/11289/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/20/11289/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Silvia Rocchetta & Andrea Mina, 2019. "Technological coherence and the adaptive resilience of regional economies," Regional Studies, Taylor & Francis Journals, vol. 53(10), pages 1421-1434, October.
    2. Enrico Marelli & Roberto Patuelli & Marcello Signorelli, 2012. "Regional unemployment in the EU before and after the global crisis," Post-Communist Economies, Taylor & Francis Journals, vol. 24(2), pages 155-175, January.
    3. Ana Vulevic & Rui Alexandre Castanho & José Manuel Naranjo Gómez & Luís Loures & José Cabezas & Luis Fernández-Pozo & José Martín Gallardo, 2020. "Accessibility Dynamics and Regional Cross-Border Cooperation (CBC) Perspectives in the Portuguese—Spanish Borderland," Sustainability, MDPI, vol. 12(5), pages 1-20, March.
    4. Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
    5. Jerry Courvisanos & Ameeta Jain & Karim K. Mardaneh, 2016. "Economic Resilience of Regions under Crises: A Study of the Australian Economy," Regional Studies, Taylor & Francis Journals, vol. 50(4), pages 629-643, April.
    6. Nicola Pontarollo & Carolina Serpieri, 2020. "Towards regional renewal: a multilevel perspective for the EU," Regional Studies, Taylor & Francis Journals, vol. 54(6), pages 754-764, June.
    7. Paolo Di Caro, 2017. "Testing and explaining economic resilience with an application to Italian regions," Papers in Regional Science, Wiley Blackwell, vol. 96(1), pages 93-113, March.
    8. Rolf Pendall & Kathryn A. Foster & Margaret Cowell, 2009. "Resilience and regions: building understanding of the metaphor," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 3(1), pages 71-84.
    9. Raffaele Lagravinese, 2015. "Economic crisis and rising gaps North–South: evidence from the Italian regions," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 8(2), pages 331-342.
    10. Adelheid Holl, 2018. "Local employment growth patterns and the Great Recession: The case of Spain," Journal of Regional Science, Wiley Blackwell, vol. 58(4), pages 837-863, September.
    11. Filippo Di Pietro & Patrizio Lecca & Simone Salotti, 2021. "Regional economic resilience in the European Union: a numerical general equilibrium analysis," Spatial Economic Analysis, Taylor & Francis Journals, vol. 16(3), pages 287-312, July.
    12. Andy Pike & Stuart Dawley & John Tomaney, 2010. "Resilience, adaptation and adaptability," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 3(1), pages 59-70.
    13. Ron Martin & Peter Sunley & Ben Gardiner & Peter Tyler, 2016. "How Regions React to Recessions: Resilience and the Role of Economic Structure," Regional Studies, Taylor & Francis Journals, vol. 50(4), pages 561-585, April.
    14. Roberta Capello & Andrea Caragliu & Ugo Fratesi, 2015. "Spatial heterogeneity in the costs of the economic crisis in Europe: are cities sources of regional resilience?," Journal of Economic Geography, Oxford University Press, vol. 15(5), pages 951-972.
    15. Christian Hundt & Linus Holtermann, 2020. "The role of national settings in the economic resilience of regions—Evidence from recessionary shocks in Europe from 1990 to 2014," Growth and Change, Wiley Blackwell, vol. 51(1), pages 180-206, March.
    16. Elias Giannakis & Adriana Bruggeman, 2020. "Regional disparities in economic resilience in the European Union across the urban–rural divide," Regional Studies, Taylor & Francis Journals, vol. 54(9), pages 1200-1213, September.
    17. Ugo Fratesi & Andrés Rodríguez-Pose, 2016. "The crisis and regional employment in Europe: what role for sheltered economies?," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(1), pages 33-57.
    18. Justin Doran & Bernard Fingleton, 2018. "US Metropolitan Area Resilience: Insights from dynamic spatial panel estimation," Environment and Planning A, , vol. 50(1), pages 111-132, February.
    19. George Petrakos & Yannis Psycharis, 2016. "The spatial aspects of economic crisis in Greece," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(1), pages 137-152.
    20. Elias Giannakis & Adriana Bruggeman, 2017. "Determinants of regional resilience to economic crisis: a European perspective," European Planning Studies, Taylor & Francis Journals, vol. 25(8), pages 1394-1415, August.
    21. Ron Boschma & Asier Minondo & Mikel Navarro, 2012. "Related variety and regional growth in Spain," Papers in Regional Science, Wiley Blackwell, vol. 91(2), pages 241-256, June.
    22. Reggiani, Aura & Bucci, Pietro & Russo, Giovanni & Haas, Anette & Nijkamp, Peter, 2011. "Regional labour markets and job accessibility in City Network systems in Germany," Journal of Transport Geography, Elsevier, vol. 19(4), pages 528-536.
    23. Bernard Fingleton (ed.), 2003. "European Regional Growth," Advances in Spatial Science, Springer, number 978-3-662-07136-6, december.
    24. Justin Doran & Bernard Fingleton, 2016. "Employment Resilience in Europe and the 2008 Economic Crisis: Insights from Micro-Level Data," Regional Studies, Taylor & Francis Journals, vol. 50(4), pages 644-656, April.
    25. Lucia Alessi & Peter Benczur & Francesca Campolongo & Jessica Cariboni & Anna Rita Manca & Balint Menyhert & Andrea Pagano, 2020. "The Resilience of EU Member States to the Financial and Economic Crisis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(2), pages 569-598, April.
    26. Ron Martin & Peter Sunley, 2015. "On the notion of regional economic resilience: conceptualization and explanation," Journal of Economic Geography, Oxford University Press, vol. 15(1), pages 1-42.
    27. Roberto Ezcurra & Vicente Rios, 2019. "Quality of government and regional resilience in the European Union. Evidence from the Great Recession," Papers in Regional Science, Wiley Blackwell, vol. 98(3), pages 1267-1290, June.
    28. Christofakis Manolis & Gaki Eleni & Lagos Dimitrios, 2019. "The impact of economic crisis on regional disparities and the allocation of economic branches in Greek regions," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 44(44), pages 7-21, June.
    29. Giulio Cainelli & Roberto Ganau & Marco Modica, 2019. "Does related variety affect regional resilience? New evidence from Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(3), pages 657-680, June.
    30. Theodosios Palaskas & Yannis Psycharis & Antonis Rovolis & Chrysostomos Stoforos, 2015. "The asymmetrical impact of the economic crisis on unemployment and welfare in Greek urban economies," Journal of Economic Geography, Oxford University Press, vol. 15(5), pages 973-1007.
    31. Zanxin Wang & Wei Wei, 2021. "Regional economic resilience in China: measurement and determinants," Regional Studies, Taylor & Francis Journals, vol. 55(7), pages 1228-1239, July.
    32. Roberta Capello & Silvia Cerisola, 2021. "Catching-up and regional disparities: a resource-allocation approach," European Planning Studies, Taylor & Francis Journals, vol. 29(1), pages 94-116, January.
    33. Alessandra Faggian & Roberta Gemmiti & Timothy Jaquet & Isabella Santini, 2018. "Regional economic resilience: the experience of the Italian local labor systems," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 393-410, March.
    34. Don J. Webber & Adrian Healy & Gillian Bristow, 2018. "Regional Growth Paths and Resilience: A European Analysis," Economic Geography, Taylor & Francis Journals, vol. 94(4), pages 355-375, August.
    35. Ugo Fratesi & Giovanni Perucca, 2018. "Territorial capital and the resilience of European regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 241-264, March.
    36. Sucharita Ghosh & Camilla Mastromarco, 2018. "Exports, immigration and human capital in US states," Regional Studies, Taylor & Francis Journals, vol. 52(6), pages 840-852, June.
    37. John Östh & Aura Reggiani & Peter Nijkamp, 2018. "Resilience and accessibility of Swedish and Dutch municipalities," Transportation, Springer, vol. 45(4), pages 1051-1073, July.
    38. David M. Drukker & Peter Egger & Ingmar R. Prucha, 2013. "On Two-Step Estimation of a Spatial Autoregressive Model with Autoregressive Disturbances and Endogenous Regressors," Econometric Reviews, Taylor & Francis Journals, vol. 32(5-6), pages 686-733, August.
    39. Chacon-Hurtado, Davis & Kumar, Indraneel & Gkritza, Konstantina & Fricker, Jon D. & Beaulieu, Lionel J., 2020. "The role of transportation accessibility in regional economic resilience," Journal of Transport Geography, Elsevier, vol. 84(C).
    40. Elias Giannakis & Adriana Bruggeman, 2017. "Economic crisis and regional resilience: Evidence from Greece," Papers in Regional Science, Wiley Blackwell, vol. 96(3), pages 451-476, August.
    41. Xi Huang, 2021. "Immigration and economic resilience in the Great Recession," Urban Studies, Urban Studies Journal Limited, vol. 58(9), pages 1885-1905, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dimitrios TSIOTAS & Nikolaos AXELIS & Serafeim POLYZOS, 2022. "Detecting City-Dipoles In Greece Based On Intercity Commuting," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 11-30, June.
    2. Laura Frassine & Nicola Pontarollo & Carolina Serpieri, 2024. "Strengths and weaknesses of EU regional reactivity to shocks," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(4), pages 1593-1624, December.
    3. Chun-Fa Cheng & Kuo-Tai Cheng & Kirk Chang & Hsing-Wei Tai, 2024. "Resilience Governance and Acceptance of Climate Change Policy in Taiwan Special Municipalities," SAGE Open, , vol. 14(3), pages 21582440241, September.
    4. Oana Oprisan & Speranta Pirciog & Alina Elena Ionascu & Cristina Lincaru & Adriana Grigorescu, 2023. "Economic Resilience and Sustainable Finance Path to Development and Convergence in Romanian Counties," Sustainability, MDPI, vol. 15(19), pages 1-24, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Meiyue Li & Xiaowen Wang, 2022. "How Regions React to Economic Crisis: Regional Economic Resilience in a Chinese Perspective," SAGE Open, , vol. 12(4), pages 21582440221, December.
    2. George J. XANTHOS & Evangelos N. DULUFAKIS, 2023. "Measurement Approaches Of Regional Economic Resilience: A Literature Review," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 47-59, June.
    3. Pedro Sánchez-Zamora & Rosa Gallardo-Cobos, 2019. "Diversity, Disparity and Territorial Resilience in the Context of the Economic Crisis: An Analysis of Rural Areas in Southern Spain," Sustainability, MDPI, vol. 11(6), pages 1-21, March.
    4. 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.
    5. Anping Chen & Nicolaas Groenewold, 2022. "Regional Resilience in China: The Response of the Provinces to the Growth Slowdown," The Review of Regional Studies, Southern Regional Science Association, vol. 52(1), pages 74-103.
    6. Sébastien BOURDIN, 2018. "Géographie de la résilience des régions européennes face à la crise (2008-2013)," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 48, pages 53-70.
    7. Vinko Muštra & Blanka Šimundić & Zvonimir Kuliš, 2020. "Does innovation matter for regional labour resilience? The case of EU regions," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(5), pages 955-970, October.
    8. 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.
    9. Linus Holtermann & Christian Hundt, 2018. "Hierarchically structured determinants and phase related patterns of economic resilience. An empirical case study for European regions," Working Papers on Innovation and Space 2018-02, Philipps University Marburg, Department of Geography.
    10. Liangang Li & Pingyu Zhang & Chengxin Wang, 2022. "What Affects the Economic Resilience of China’s Yellow River Basin Amid Economic Crisis—From the Perspective of Spatial Heterogeneity," IJERPH, MDPI, vol. 19(15), pages 1-20, July.
    11. Rios, Vicente & Gianmoena, Lisa, 2020. "The link between quality of government and regional resilience in Europe," Journal of Policy Modeling, Elsevier, vol. 42(5), pages 1064-1084.
    12. Hasan Engin Duran & Ugo Fratesi, 2023. "Economic resilience and regionally differentiated cycles: Evidence from a turning point approach in Italy," Papers in Regional Science, Wiley Blackwell, vol. 102(2), pages 219-252, April.
    13. Anastasios Kitsos & André Carrascal-Incera & Raquel Ortega-Argilés, 2019. "The Role of Embeddedness on Regional Economic Resilience: Evidence from the UK," Sustainability, MDPI, vol. 11(14), pages 1-19, July.
    14. Giulia Urso & Marco Modica & Alessandra Faggian, 2019. "Resilience and Sectoral Composition Change of Italian Inner Areas in Response to the Great Recession," Sustainability, MDPI, vol. 11(9), pages 1-15, May.
    15. Liangang Li & Shuoya Liu & Chen Li & Pingyu Zhang & Kevin Lo, 2022. "What Matters for Regional Economic Resilience Amid Multi Shock Situations: Structural or Agency? Evidence from Resource-Based Cities in China," Sustainability, MDPI, vol. 14(9), pages 1-18, May.
    16. Yannis Psycharis & Anastasia Panori & Dimitrios Athanasopoulos, 2022. "Public Investment and Regional Resilience: Empirical Evidence from the Greek Regions," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 113(1), pages 57-79, February.
    17. 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.
    18. Florin Oprea & Mihaela Onofrei & Dan Lupu & Georgeta Vintila & Gigel Paraschiv, 2020. "The Determinants of Economic Resilience. The Case of Eastern European Regions," Sustainability, MDPI, vol. 12(10), pages 1-11, May.
    19. Adelheid Holl, 2018. "Local employment growth patterns and the Great Recession: The case of Spain," Journal of Regional Science, Wiley Blackwell, vol. 58(4), pages 837-863, September.
    20. Giulio Cainelli & Roberto Ganau & Marco Modica, 2019. "Industrial relatedness and regional resilience in the European Union," Papers in Regional Science, Wiley Blackwell, vol. 98(2), pages 755-778, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:20:p:11289-:d:655079. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.