Regional Resilience in Italy: A Very Long-Run Analysis

32 Pages Posted: 27 Oct 2012

See all articles by Roberto Cellini

Roberto Cellini

University of Catania - Department of Economics and Business

Gianpiero Torrisi

University of Portsmouth - Faculty of Business - Department of Economics

Date Written: October 26, 2012

Abstract

Resilience is a concept derived from engineering and ecology relating to the way in which systems react to, and recover from, shocks. According to several recent analyses, different ‘resilience behaviours’ are able to explain differences in the economic performance of regions. This study shows that this explanation is not fully convincing when applied to the Italian regions, observed in the very long run. This analysis focuses on real per capita income levels over the period 1890-2009. Only few (major) shocks emerge to have a specific impact effect differing across the regions, while the recovery experiences never differ significantly across regions. This is accounted for by systematic and persistent differences in the economic performance of Italian regions; hence, it is difficult to discern genuine differences in regional resilience behaviour.

Keywords: Regional growth, Economic resilience, Shock impact, Recovery

JEL Classification: O40, R11, C32

Suggested Citation

Cellini, Roberto and Torrisi, Gianpiero, Regional Resilience in Italy: A Very Long-Run Analysis (October 26, 2012). Available at SSRN: https://ssrn.com/abstract=2167209 or http://dx.doi.org/10.2139/ssrn.2167209

Roberto Cellini (Contact Author)

University of Catania - Department of Economics and Business ( email )

Corso Italia 55
95129 Catania, 95129
Italy
+390957537728 (Phone)
+390957537710 (Fax)

Gianpiero Torrisi

University of Portsmouth - Faculty of Business - Department of Economics ( email )

Portsmouth PO4 8JF
United Kingdom

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