Regional Resilience in Italy: A Very Long-Run Analysis
32 Pages Posted: 27 Oct 2012
Date Written: October 26, 2012
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: Suggested Citation