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Economic Resilience of Regions under Crises: A Study of the Australian Economy

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  • Jerry Courvisanos
  • Ameeta Jain
  • Karim K. Mardaneh

Abstract

C ourvisanos J., J ain A. and M ardaneh K. Economic resilience of regions under crises: a study of the Australian economy, Regional Studies . Identifying patterns of economic resilience in regions by industry categories is the focus of this paper. Patterns emerge from adaptive capacity in four distinct functional groups of local government regions in Australia, in respect of their resilience from shocks on specific industries. A model of regional adaptive cycles around four sequential phases - reorganization, exploitation, conservation and release - is adopted as the framework for recognizing such patterns. A data-mining method utilizes a k -means algorithm to evaluate the impact of two major shocks - a 13-year drought and the Global Financial Crisis - on four functional groups of regions, using census data from 2001, 2006 and 2011.

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  • 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.
    • Handle: RePEc:taf:regstd:v:50:y:2016:i:4:p:629-643
    DOI: 10.1080/00343404.2015.1034669
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    Cited by:

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    2. József BENEDEK & Alexander C. LEMBCKE, 2017. "Characteristics of recovery and resilience in the Romanian regions," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 8, pages 95-126, December.
    3. Alexandra Bec & Brent Moyle & Char-lee Moyle, 2018. "Resilient and Sustainable Communities," Sustainability, MDPI, vol. 10(12), pages 1-16, December.
    4. Alexandra Bec & Char-lee J. Moyle & Brent D. Moyle, 2019. "Community Resilience to Change: Development of an Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(3), pages 1103-1128, April.
    5. Dan He & Yahua Tang & Luyan Wang & Muhammad Mohsin, 2023. "Can increasing technological complexity help strengthen regional economic resilience?," Economic Change and Restructuring, Springer, vol. 56(6), pages 4043-4070, December.
    6. Otegui Banno, Santiago & Calá, Carla Daniela & Niembro, Andrés, 2023. "Resiliencia y recuperación de las regiones argentinas ante las crisis económicas: el papel de la estructura industrial y de la competitividad regional," Nülan. Deposited Documents 3914, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    7. Seoyoung Yu & Donghyun Kim, 2021. "Changes in Regional Economic Resilience after the 2008 Global Economic Crisis: The Case of Korea," Sustainability, MDPI, vol. 13(20), pages 1-14, October.
    8. 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.
    9. Stognief, Nora & Walk, Paula & Schöttker, Oliver & Oei, Pao-Yu, 2019. "Economic Resilience of German Lignite Regions in Transition," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11(21).
    10. Juntao Tan & Kevin Lo & Fangdao Qiu & Wenxin Liu & Jing Li & Pingyu Zhang, 2017. "Regional Economic Resilience: Resistance and Recoverability of Resource-Based Cities during Economic Crises in Northeast China," Sustainability, MDPI, vol. 9(12), pages 1-15, November.
    11. JingJing (Justine) Wang & John S. Croucher, 2021. "Information linkages among National, NSW, VIC, and QLD real estate markets in Australia," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(2), pages 3207-3234, June.
    12. Elias Giannakis & Christos T. Papadas, 2021. "Spatial Connectivity and Regional Economic Resilience in Turbulent Times," Sustainability, MDPI, vol. 13(20), pages 1-12, October.
    13. Jesse Sutton & Godwin Arku & Richard Sadler & John Hutchenreuther & Michael Buzzelli, 2024. "Practitioners' ability to retool the economy: The role of agency in local economic resilience to plant closures in Ontario," Growth and Change, Wiley Blackwell, vol. 55(1), March.
    14. Weilong Wang & Jianlong Wang & Shaersaikai Wulaer & Bing Chen & Xiaodong Yang, 2021. "The Effect of Innovative Entrepreneurial Vitality on Economic Resilience Based on a Spatial Perspective: Economic Policy Uncertainty as a Moderating Variable," Sustainability, MDPI, vol. 13(19), pages 1-23, September.
    15. Juntao Tan & Xiaohui Hu & Fangdao Qiu & Hongbo Zhao, 2022. "Do Coastal Areas Experience More Recession during the Economic Crisis—Evidence from China," IJERPH, MDPI, vol. 19(18), pages 1-17, September.

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