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Out of the crisis: an empirical investigation of place-specific determinants of economic resilience

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  • Silvia Rita Sedita
  • Ivan De Noni
  • Luciano Pilotti

Abstract

This article attempts to isolate the structural characteristics that affect the resilience of a regional economy. It focuses on the role played by related/unrelated variety and differentiated knowledge bases as drivers for regional resilience and originally explores their interdependences. Italy is the empirical setting, and Italian local labour systems the unit of analysis. Regional resilience is measured as growth of the employment rate after the Great Recession that began in 2008. Results confirm the importance of related variety and of differentiated knowledge bases as drivers for regional resilience. We found support of the creative capacity of culture argument, providing evidence that a moderate concentration in symbolic knowledge-based economic activities contributes to resilience. Synthetic and analytical knowledge-based activities provide positive and no support to regional resilience, respectively. Finally, the relatedness of the symbolic knowledge-based activities increases regional economic resilience. Some policy implications are then derived from these findings.

Suggested Citation

  • Silvia Rita Sedita & Ivan De Noni & Luciano Pilotti, 2017. "Out of the crisis: an empirical investigation of place-specific determinants of economic resilience," European Planning Studies, Taylor & Francis Journals, vol. 25(2), pages 155-180, February.
    • Handle: RePEc:taf:eurpls:v:25:y:2017:i:2:p:155-180
    DOI: 10.1080/09654313.2016.1261804
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    References listed on IDEAS

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    1. Diane Coyle, 2014. "GDP: A Brief but Affectionate History," Economics Books, Princeton University Press, edition 1, number 10183.
    2. Francesca Mameli & Simona Iammarino & Ron Boschma, 2012. "Regional variety and employment growth in Italian labour market areas: services versus manufacturing industries," Working Papers 4, Birkbeck Centre for Innovation Management Research, revised Mar 2012.
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    Cited by:

    1. Luciana Lazzeretti & Niccolò Innocenti & Francesco Capone, 2017. "The impact of related variety on the creative employment growth," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 58(3), pages 491-512, May.
    2. Cainelli, Giulio & Ganau, Roberto, 2021. "Knowledge spillovers, related variety and firm heterogeneity," LSE Research Online Documents on Economics 114858, London School of Economics and Political Science, LSE Library.
    3. Xiaojing Li & Jing Chen, 2023. "Global or Local Spatial Spillovers? Industrial Diversity and Economic Resilience in the Middle Reaches of the Yangtze River Urban Agglomeration, China," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
    4. Li Pengfei & Turkina Ekaterina & Van Assche Ari, 2022. "The Tortoise and the Hare: Industry Clockspeed and Resilience of Production and Knowledge Networks in Montréal’s Aerospace Industry," ZFW – Advances in Economic Geography, De Gruyter, vol. 66(2), pages 81-95, July.
    5. 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.
    6. 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.
    7. 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.
    8. Vinko Mustra & Blanka Simundic & Zvonimir Kulis, 2017. "Efectos de la especialización inteligente en la resiliencia económica regional en la UE," Revista de Estudios Regionales, Universidades Públicas de Andalucía, vol. 3, pages 175-195.
    9. Michalô °€ Brzozowski, 2020. "Impact of Credit Market Development and Stability on Productivity: New Evidence from the Industry Level," Annals of Economics and Finance, Society for AEF, vol. 21(1), pages 111-129, May.
    10. Etienne Capron & Dominique Sagot-Duvauroux & Raphaël Suire, 2020. "Anatomy of a techno-creative community : the role of places and events in the emergence of videomapping in Nantes," Working Papers hal-02617101, HAL.
    11. Suat Tuysuz & Tüzin Baycan & Fatih Altuğ, 2022. "Economic impact of the COVID-19 outbreak in Turkey: analysis of vulnerability and resilience of regions and diversely affected economic sectors," Asia-Pacific Journal of Regional Science, Springer, vol. 6(3), pages 1133-1158, October.
    12. Apa, Roberta & De Noni, Ivan & Orsi, Luigi & Sedita, Silvia Rita, 2018. "Knowledge space oddity: How to increase the intensity and relevance of the technological progress of European regions," Research Policy, Elsevier, vol. 47(9), pages 1700-1712.
    13. Niccolò Innocenti & Francesco Capone & Luciana Lazzeretti & Sergio Petralia, 2022. "The role of inventors’ networks and variety for breakthrough inventions," Papers in Regional Science, Wiley Blackwell, vol. 101(1), pages 37-57, February.
    14. Ron Boschma, 2017. "A concise history of the knowledge base literature: challenging questions for future research," Papers in Evolutionary Economic Geography (PEEG) 1721, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Sep 2017.
    15. Roberta Apa & Valentina De Marchi & Roberto Grandinetti & Silvia Rita Sedita, 2021. "University-SME collaboration and innovation performance: the role of informal relationships and absorptive capacity," The Journal of Technology Transfer, Springer, vol. 46(4), pages 961-988, August.
    16. Fabrizio Fusillo & Davide Consoli & Francesco Quatraro, 2022. "Resilience, Skill Endowment, and Diversity: Evidence from US Metropolitan Areas," Economic Geography, Taylor & Francis Journals, vol. 98(2), pages 170-196, March.
    17. Tomao, Antonio & Quaranta, Giovanni & Salvia, Rosanna & Vinci, Sabato & Salvati, Luca, 2021. "Revisiting the ‘southern mood’? Post-crisis Mediterranean urbanities between economic downturns and land-use change," Land Use Policy, Elsevier, vol. 111(C).
    18. Rune Dahl Fitjar & Bram Timmermans, 2017. "Knowledge bases and relatedness: A study of labour mobility in Norwegian regions," Papers in Evolutionary Economic Geography (PEEG) 1712, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jun 2017.
    19. Pontarollo, Nicola & Serpieri, Carolina, 2020. "A composite policy tool to measure territorial resilience capacity," Socio-Economic Planning Sciences, Elsevier, vol. 70(C).
    20. Raul Ramos & Vicente Royuela, 2021. "Introduction to the Special Issue on “Territorial Resilience: Mitigation and Firms’ Adaptationâ€," International Regional Science Review, , vol. 44(1), pages 3-9, January.
    21. R. Arbolino & U. Marani, 2018. "Economic Crisis, Resilience and New Regional Dualisms," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 1-2, pages 97-116.

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