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Economic resilience and entrepreneurship: A case study of the Thessaloniki City Region

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  • Nick Williams
  • Tim Vorley
  • Panayiotis H Ketikidis

Abstract

The aim of this study is to examine the relationship between economic resilience and entrepreneurship in City Regions. ‘Resilience’ is an emerging concept, which has been employed to examine economic performance and responsiveness to exogenous shocks, such as financial crisis and recession. Drawing on interviews with key stakeholders in the Thessaloniki City Region, Greece, this article contributes to the emergent literature by examining the link between economic resilience and entrepreneurship. The article finds that entrepreneurship is integral to promoting the diversification and capacity building of city region economies, with the external shock of the Eurozone crisis and austerity challenging areas such as the Thessaloniki City Region to rethink their economic structure. The article concludes that entrepreneurship is critical to restructuring and adaption of city region economies before drawing a series of recommendations concerning the wider policy implications of the study.

Suggested Citation

  • Nick Williams & Tim Vorley & Panayiotis H Ketikidis, 2013. "Economic resilience and entrepreneurship: A case study of the Thessaloniki City Region," Local Economy, London South Bank University, vol. 28(4), pages 399-415, June.
    • Handle: RePEc:sae:loceco:v:28:y:2013:i:4:p:399-415
    DOI: 10.1177/0269094213475993
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    1. Anastasios Kitsos & Paul Bishop, 2018. "Economic resilience in Great Britain: the crisis impact and its determining factors for local authority districts," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(2), pages 329-347, March.
    2. A D Adom, 2016. "Resilience of developing countries to shocks: Case study of WAEMU countries with SUR and VAR Approaches," Economic Issues Journal Articles, Economic Issues, vol. 21(2), pages 105-138, September.
    3. Robert Hassink & Etienne Nel & Jessie Smart & Tony Binns, 2017. "Resilience to Economic Shocks: Reflections from Zambia's Copperbelt," Growth and Change, Wiley Blackwell, vol. 48(2), pages 201-213, June.
    4. Peter A.G. Bergeijk & Steven Brakman & Charles Marrewijk, 2017. "Heterogeneous economic resilience and the great recession's world trade collapse," Papers in Regional Science, Wiley Blackwell, vol. 96(1), pages 3-12, March.
    5. Martin Mabunda Baluku & Edward Bantu & Kathleen Otto, 2018. "Effect of Locus of Control on Entrepreneurial Attitudes and Self-Employment Intentions: The Moderating Role of Individualism," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 26(03), pages 251-283, September.
    6. Emanuela TODEVA & Panagiotis KETIKIDIS, 2017. "Regional Entrepreneurship and Innovation Management: Actors, Helices and Consensus Space," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(1), pages 57-76, March.

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