4.4 Article

The geography of the economic crisis in Europe: national macroeconomic conditions, regional structural factors and short-term economic performance

Journal

Publisher

OXFORD UNIV PRESS
DOI: 10.1093/cjres/rsv031

Keywords

economic crisis; crisis consequences; European Union; regional resistance; spatial heterogeneity; E32; O52; P48; R11

Funding

  1. Economic and Social Research Council [ES/M008436/1]
  2. Emirates Foundation
  3. ESRC [ES/M008436/1] Funding Source: UKRI
  4. Economic and Social Research Council [ES/M008436/1] Funding Source: researchfish

Ask authors/readers for more resources

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.

Authors

I am an author on this paper
Click your name to claim this paper and add it to your profile.

Reviews

Primary Rating

4.4
Not enough ratings

Secondary Ratings

Novelty
-
Significance
-
Scientific rigor
-
Rate this paper

Recommended

No Data Available
No Data Available