Shift-share and input-output models are combined to explore the resilience of Greek regions to economic crisis. Model results indicate that rural regions are more resistant to recessionary shocks than urban regions. The analysis of the space-specific ability of sectors to withstand economic shocks portrayed the resilience of agriculture, while food industry, although its impact overtime declined, managed to increase its employment in seven out of thirteen regions. The tourism sector contracted but showed more resilience in the island regions than in the continental regions. The spatial heterogeneity in the effects of the recessionary shocks re-emphasizes the need for targeted and differentiated regional development policies.JEL classification: C67, R10, R11, R15
The differences in regional economic resilience and the drivers of resilience across the urban-rural hierarchy in the European Union are explored empirically in this paper. Three different resilience indicators are computed based on employment changes. Multilevel logistic and multinomial regression models indicate that the resilience of NUTS-3 regions is strongly affected by national borders; the highest country effects are observed for rural areas. Migration has the greatest positive effect on regional resilience across the urban-rural hierarchy. Agriculture contributes positively to the economic resilience of intermediate and rural regions. Statistically significant spatial patterns of regional resilience are found throughout the EU-27.
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