An economic framework for the development of a resilience index for business recovery

By Adam Rose, Elisabeth Krausmann. 2013

300 citations recorded by the source corpus.

Several attempts have recently been made to identify the key indicators of community resilience and to group them into an overall resilience index. These studies support the evaluation of the effectiveness of resilience during recovery, and they also help establish a yardstick by which to monitor progress in resilience enhancement over time. We examine existing resilience indices in relation to economic principles and evaluate their potential to gauge and improve post-disaster economic recovery, with a focus on businesses. We conclude that the majority of indicators in use to date are not necessarily pertinent to measuring resilience at the micro-, meso- and macro-economic levels in the aftermath of a disaster. Contending that business behavior is the key to short-term recovery, we propose a framework for choosing appropriate short-run indicators toward the goal of developing an effective economic resilience index.

Subfields: Civil and Structural Engineering, Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/3390e7827e9f3a475131ddbad936c590d714a207

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Civil and Structural Engineering

1. Rio Yonson
2. Ilan Noy
3. M. D'Lima
4. A. Healy
5. Zanxin Wang
6. Stéphane Hallegatte
7. Wei Wei
8. Francesca Medda

In Economics and Econometrics

1. A. Healy
2. Rio Yonson
3. Stéphane Hallegatte
4. G. Bristow
5. M. D'Lima
6. Zanxin Wang
7. Wei Wei
8. Ilan Noy

In Sociology and Political Science

1. Rio Yonson
2. Stéphane Hallegatte
3. Ilan Noy
4. M. D'Lima
5. A. Healy
6. Zanxin Wang
7. Wei Wei
8. Francesca Medda

Citations in the corpus

• Economic resilience: definition and measurement (2014, background): “This parameter also depends on other – more micro – considerations regarding the ability of firms to cope with shocks (see a framework to define firm resilience in Rose and Krausmann, 2013).7F8 As such, the parameter is linked to the concept of “static resilience” proposed by (Rose, 2013, 2009).”
• Economic Vulnerability and Resilience to Natural Hazards: A Survey of Concepts and Measurements (2018, background): “It is noted that a vast majority of the work at the “macroeconomic level and omits important consideration at the micro-level” [45].”
• Measuring Regional Economic Resilience across Europe: Operationalizing a complex concept (2016, background): “Yet robust measures of resilience are clearly needed, not least to help illuminate what Rose and Krausmann (2013) refer to as ‘actionable variables’, or the key elements that can be influenced by regional actors in processes of shock recovery.”
• Regional economic resilience in China: measurement and determinants (2021, methodology): “An index can be very useful for gauging the capacity levels of various forms of resilience and improvements over time (Rose & Krausmann, 2013).”
• A new measure of resilience: An application to the London Underground (2015, background): “These two paradigms of resilience are carried forward in the field of economic resilience (Rose and Krausmann, 2013) where the focus is on the flow of goods and services.”