Advertisement

Current Methodological Approaches in Economic Resilience Analysis. Empirical Findings in the EaP Countries

  • Carmen PintilescuEmail author
  • Daniela Viorică
Chapter

Abstract

Resilience is a complex concept that must be analysed from a systemic and multidimensional perspective. The academic literature has not provided a generally accepted methodology for the operationalisation and empirical measurement of resilience, generating various approaches. This chapter develops an analysis of the Eastern Partnership countries by creating an economic resilience capacity index and identifying the most important factors that influence the economic resilience capacity of these countries. The results show that Georgia has the highest economic resilience capacity, while Ukraine is the least economically resilient country in the region. The results of the estimations could lay the basis for the elaboration of analytical and predictive simulations regarding the capacity of a region to recover from shocks.

Keywords

Economic resilience analysis Multivariate analysis Composite index Econometric models EaP countries 

References

  1. Acemoglu, D., Johnson, S., & Robinson, J. (2004). Institutions as the Fundamental Cause of Long-Term Growth. In P. Aghion & S. N. Durlauf (Eds.), Handbook of Economic Growth (pp. 385–472). Boston: MIT Press.Google Scholar
  2. Annoni, P., & Dijkstra, L. (2013). EU Regional Competitiveness Index RCI 2013. Luxembourg: Publication Office of the European Union.Google Scholar
  3. Annoni, P., & Kozovska, K. (2010). EU Regional Competitiveness Index. Luxembourg: Publication Office of the European Union.Google Scholar
  4. Bene, C., Newsham, A., Davies, M., Ulrichs, M., & Godfrey-Wood, R. (2014). Review Article: Resilience, Poverty and Development. Journal of International Development, 26(5), 598–623.CrossRefGoogle Scholar
  5. Berkes, F., Colding, J., & Folke, C. (2003). Navigating Social-Ecological Systems: Building Resilience for Complexity and Change. Cambridge: Cambridge University Press.Google Scholar
  6. Blanchard, O., & Katz, L. (1992). Regional Evolutions. Brookings Papers on Economic Activity, 92(1), 1–75.CrossRefGoogle Scholar
  7. Briguglio, L., Cordina, G., Farrugia, N., & Vella, S. (2009). Economic Vulnerability and Resilience: Concepts and Measurements. Oxford Developments Studies, 37(3), 229–247.CrossRefGoogle Scholar
  8. Bristow, G., & Healy, A. (2013). Regional Resilience: An Agency Perspective. Regional Studies, 48(5), 923–935.CrossRefGoogle Scholar
  9. Di Caro, P. (2015). Testing and Explaining Economic Resilience with an Application to Italian Regions. Munich Personal RePEc Archive. Munich: University Library of Munich.Google Scholar
  10. Döpke, J., Knabe, A., Lang, C., & Maschke, P. (2017). Multidimensional Well-Being and Regional Disparities in Europe. Journal of Common Market Studies, 55(5), 1026–1044.CrossRefGoogle Scholar
  11. Eicher, T., & Rohn, O. (2007). Institutional Determinants of Economic Performance in OECD countries – An Institutions Climate Index. CESifo DICE Report, 5(1), 38–49.Google Scholar
  12. Feyrer, J., Sacerdote, B., & Stern, A. D. (2007). Did the Rust Belt Become Shiny? A Study of Cities and Counties the Lost Steel and Auto Jobs in the 1980s. Brookings-Wharton Papers on Urban Affairs, 2007, 41–89.CrossRefGoogle Scholar
  13. Fingleton, B., Garretsen, H., & Martin, R. (2012). Recessionary Shocks and Regional Employment. Journal of Regional Science, 52(1), 109–133.CrossRefGoogle Scholar
  14. Folke, C. (2006). Resilience: The Emergence of a Perspective for Socio-Ecological Systems Analysis. Global Environmental Change, 16(3), 253–267.CrossRefGoogle Scholar
  15. Foster, K. A. (2006). A Case Study Approach to Understanding Regional Resilience. Working Paper 2007–08. California: University of California.Google Scholar
  16. Hill, E., Clair, T., Wial, H., Wolman, H., Atkins, P., Blumenthal, P., Ficenec, S., & Fiedhoff, A. (2010). Economic Shocks and Regional Economic Resilience. In M. Wier et al. (Eds.), Paper to Conference on Urban and Regional Policy and Its Effects: Building Resilient Regions (pp. 20–21). Washington, DC: Routledge.Google Scholar
  17. Huggins, R., Izushi, H., Davies, W., & Shougui, L. (2010). World Knowledge Competitiveness Index 2008. Centre for International Competitiveness. Cardiff: University of Wales Institute.Google Scholar
  18. Kitsos, A., & Bishop, P. (2018). Economic Resilience in Great Britain: The Crisis Impact and Its Determining Factors for Local Authority Districts. The Annals of Regional Studies, 60(2), 329–347.CrossRefGoogle Scholar
  19. Marciacq, F., & Flessenkemper, T. (2018). The European Union and Its Eastern Partners: Beyond the Limits of Current Approaches to Regional Cooperation. Eastern Partnership Reflection Forum. Retrieved from http://oefz.at/wp-content/uploads/2017/11/iai1802.pdf.
  20. Martin, R. (2010). Roepke Lecture in Economic Geography – Rethinking Regional Path Dependence: Beyond Lock-In to Evolution. Economic Geography, 86(1), 1–27.CrossRefGoogle Scholar
  21. Martin, R. (2012). Regional Economic Resilience, Hysteresis and Recessionary Shocks. Journal of Economic Geography, 12(1), 1–32.CrossRefGoogle Scholar
  22. Martin, R., & Sunley, P. (2015). On the Notion of Regional Economic Resilience: Conceptualization and Explanation. Journal of Economic Geography, 15(1), 1–42.CrossRefGoogle Scholar
  23. Munda, G., & Nardo, M. (2005). Constructing Consistent Composite Indicators: the Issue of Weights. Luxembourg: Publication Office of the European Union.Google Scholar
  24. OECD. (2008). Handbook on Constructing Composite Indicators. Methodology and User Guide. Brussels: European Commission.CrossRefGoogle Scholar
  25. Rodrik, D., Subramanian, A., & Trebbi, F. (2004). Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development. Journal of Economic Growth, 9(2), 131–165.CrossRefGoogle Scholar
  26. Simmie, J., & Martin, R. (2010). The Economic Resilience of Regions: Towards an Evolutionary Approach. Cambridge Journal of Regions, Economy and Society, 3(1), 27–43.CrossRefGoogle Scholar
  27. Staniĉková, M., & Melecký, L. (2018). Understanding of Resilience in the Context of Regional Development Using Composite Index Approach: The Case of European Union NUTS-2 Regions. Regional Studies, Regional Science, 5(1), 231–254.CrossRefGoogle Scholar
  28. Ţigănaşu, R., Pascariu, G. C., & Baciu, L. (2014). Conditionalities in the Recovery Process of Economic Growth and Convergence in Central and Eastern European Countries. Transformations in Business and Economics, 13(3C (33C)), 389–409.Google Scholar
  29. Walker, B. H., Holling, C., Carpenter, S., & Kinzig, A. (2004). Resilience, Adaptability, and Transformability. Ecology and Society, 9(2).Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Alexandru Ioan Cuza University of IasiIasiRomania

Personalised recommendations