The Economic Resilience of U.S. Counties during the Great Recession

A regional economy perturbed by a shock may move onto a new growth path by reestablishing economic linkages both internally and with other regions. This dynamic property of regions has recently been explained in terms of regional economic resilience. In this paper, we introduce a more refined measur...

Full description

Saved in:
Bibliographic Details
Published inThe Review of regional studies Vol. 45; no. 2; p. 131
Main Authors Han, Yicheol, Goetz, Stephan J.
Format Journal Article
LanguageEnglish
Published New Brunswick Southern Regional Science Association 01.01.2015
Subjects
Agriculture
Climate change
Counties
Economic conditions
Economic growth
Economic indicators
Economics
Employment
Equilibrium
GDP
Great Recession
Gross Domestic Product
Recessions
Regional studies
Regions
Rural development
Statistical analysis
Variables
United Kingdom > UK
Northern Ireland
Wales
Online AccessGet full text
ISSN0048-749X
1553-0892
DOI10.52324/001c.8059

Cover

More Information
Summary:A regional economy perturbed by a shock may move onto a new growth path by reestablishing economic linkages both internally and with other regions. This dynamic property of regions has recently been explained in terms of regional economic resilience. In this paper, we introduce a more refined measure of economic resilience and then apply it to monthly employment data for U.S. counties in the 2007-2009 downturn. We suggest that describing and analyzing the distinct response patterns during this downturn are important starting points for policy makers to understand the spatial resilience of the US economy.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ObjectType-Literature Review-3
ISSN:0048-749X
1553-0892
DOI:10.52324/001c.8059