The geography of the economic crisis in Europe: National macroeconomic conditions, regional structural factors and short-term economic performance
By R. Crescenzi, Davide Luca, Simona Milio. 2016
241 citations recorded by the source corpus.
This article explores the linkages between pre-2008 crisis national macroeconomic conditions, regional resistance factors and depth of the crisis in the regions of the EU27. The results suggest that only a limited set of macroeconomic factors shape the regional reaction to the crisis. A healthy current account surplus is associated with stronger economic performance during the post-2008 recession. Conversely, high public debt countries are more successful in sheltering their regional economies in the short run. When looking at regional-level resistance, human capital is the single most important positive factor. Conversely, research and development-intensive regions are more exposed to negative shocks.
Subfields: Economics and Econometrics, Political Science and International Relations
View Paper: https://www.semanticscholar.org/paper/49f38f40fa5886567d27e83d57278db8e79a18fc
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- E. Giannakis
- A. Bruggeman
- S. Iammarino
- R. Crescenzi
- Ron A. Boschma
- A. Rodríguez‐Pose
- Elvira Uyarra
- M. Storper
In Political Science and International Relations
- E. Giannakis
- A. Bruggeman
- S. Iammarino
- R. Crescenzi
- A. Rodríguez‐Pose
- Elvira Uyarra
- M. Storper
- Ron A. Boschma
Citations in the corpus
- Determinants of regional resilience to economic crisis: a European perspective (2017, methodology): “The cross-regional analysis of Crescenzi et al. (2016) confirmed the key role of education in providing the creativity to respond to sudden negative shocks.”
- Global investments and regional development trajectories: the missing links (2016, background): “…necessary nor a sufficient condition’ (Boschma, 2005, p. 62), while other non-spatial relations – i.e., cognitive, organizational, social and institutional – play a crucial role as complements and/or substitutes of physical closeness (e.g., Crescenzi et al., 2016b; D’Este, Guy, & Iammarino, 2013).”