Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/227683 
Year of Publication: 
2020
Series/Report no.: 
JRC Working Papers on Territorial Modelling and Analysis No. 03/2020
Publisher: 
European Commission, Joint Research Centre (JRC), Seville
Abstract: 
Using a spatial general equilibrium model, this paper investigates the resilience of EU regions under three alternative recessionary shocks, each of them activating different economic adjustments and mechanisms. Using a theoretical framework, we measure the vulnerability, resistance, and recoverability of regions and we identify key regional features affecting the ability of regions to withstand to and recover from unexpected external shocks. The analysis reveals that the response of regions varies according to the nature of the external disturbance and to the pre-shock regional characteristics. Finally, it seems that resilience also depends on factors' mobility.
Subjects: 
computable general equilibrium model
regional economic resilience
economic shocks
JEL: 
C68
R13
R15
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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