scholarly journals Cluster Policies, Organising Capacity and Regional Resilience: Evidence from German Case Studies

2014 ◽  
Vol 72 (2) ◽  
pp. 117-131 ◽  
Author(s):  
Matthias Kiese ◽  
Christian Hundt
Keyword(s):  
Sustainable Growth ◽  
Policy Recommendations ◽  
External Shocks ◽  
Cluster Policy ◽  
Economic Resilience ◽  
Regional Resilience ◽  
German Regions ◽  
Interview Survey ◽  
The Impact

Abstract Resilience refers to the ability of a regional economy to recover from external shocks and to return to a sustainable growth path afterwards. This paper departs from the assumption that by improving a region's organising capacity, cluster policies can strengthen regional resilience. We argue that the impact of cluster policies on regional resilience depends on the portfolio of clusters targeted for promotion, which may increase specialisation, unrelated or related variety in a region's economic fabric. Based on a multidimensional model of cluster policies, case study evidence from seven German regions is drawn from an interview survey of 145 practitioners, policy advisors and independent observers. By illustrating the connections between cluster policy, organising capacity, and specialisation versus variety, these findings can be linked conceptually to regional economic resilience. This argument allows for some policy recommendations and the formulation of issues for further research.

Modernisation of Higher Education – Willful Action or Wishful Thinking? The Case of Bulgaria

2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
Negative Impact ◽  
National Level ◽  
Sustainable Growth ◽  
Research Approach ◽  
Case Study Methodology ◽  
The Impact ◽  
The Eu

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.

scholarly journals External Shocks in the Art Markets: How Did the Portuguese, the Spanish and the Brazilian Art Markets React to COVID-19 Global Pandemic? Data Analysis and Strategies to Overcome the Crisis

Arts ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 47
Author(s):  
Adelaide Duarte ◽  
Ana Letícia Fialho ◽  
Marta Pérez-Ibáñez
Keyword(s):  
Art Market ◽  
External Shocks ◽  
Art Markets ◽  
Art Galleries ◽  
Academic Literature ◽  
Brazilian Art ◽  
Global Pandemic ◽  
The Social ◽  
The Impact

The spread of the COVID-19 pandemic worldwide, and the restrictions imposed by the social distance and the enforced confinement, are having an impact on the art markets globally. The aim of this article is to evaluate the impact of an external shock in the primary art market, using three countries as a case study: Portugal, Spain, and Brazil. These geographies have in common being at the margins in the art market’s main art hubs. It is intended to analyze how agents are responding to the new context, according to the data gathered within the gallery sector. The methods applied in the research are a combination of surveys carried out by the authors, field-based observation, along with an academic literature review, complemented by international and national reports analysis. The study’s main findings allow us to characterize the art market as a very resilient sector that energetically responded to the crisis, able to adapt and overcome challenges imposed by the new pandemic situation. Contemporary art galleries expanded digital activities, kept participating in art fairs hybrid models, continued to focus on internationalization, and pointed to the strengthening of public policies towards the sector and partnerships as key strategies to overcome the crisis.

scholarly journals Research on the revitalization of the cultural tourism industry in the post-epidemic era——a case study of Guangxi

2021 ◽  
Vol 251 ◽  
pp. 03023
Author(s):  
Jixuan Che ◽  
Peng Yang ◽  
Jiayue Wu ◽  
Yafei Gao
Keyword(s):  
Ethnic Minority ◽  
Cultural Tourism ◽  
Tourism Industry ◽  
Policy Recommendations ◽  
Project Construction ◽  
Health Event ◽  
Management Project ◽  
Industry Integration ◽  
The Impact

As a sudden public health event, the COVID-19 epidemic has brought a tremendous impact on the economic and social development of China. Its biggest and most direct impact is in the tertiary industry, especially the cultural tourism industry, which has a more far-reaching impact. This paper takes Guangxi as an example to study the current situation, problems, and future development direction of the cultural tourism industry in the post-epidemic era. The study found that the response to the epidemic in ethnic minority areas represented by Guangxi was timely and rapid, but due to their industrial resilience and the impact of the epidemic, the revitalization of the culture and tourism industry is still facing severe challenges. Therefore, this article put forward the key countermeasure to promote the cultural tourism industry revitalization of ethnic minority areas from list management, elements of development management, project construction, industry integration, and international cooperation, to provide policy recommendations and theoretical basis for the revitalization of the cultural tourism industry in ethnic minority areas.

Employment performance in times of crisis

2015 ◽  
Vol 25 (4) ◽  
pp. 371-391 ◽  
Author(s):  
Julian Kahl ◽  
Christian Hundt
Keyword(s):  
Firm Growth ◽  
Global Financial Crisis ◽  
Linear Regression Analysis ◽  
Economic Benefits ◽  
Levels Of Analysis ◽  
External Shocks ◽  
Economic Resilience ◽  
Content Type ◽  
Regional Clusters ◽  
The Impact

Purpose – The purpose of this study is to elucidate the determinants of economic resilience at various levels of analysis. While the economic benefits of regional clustering are well-documented, the impact of external shocks on regional clusters has only recently gained attention. This study explores the antecedents of economic resilience, defined as sustained employment growth, prior to and during the global financial crisis within the German biotechnology industry. Design/methodology/approach – This study combines multilevel linear regression analysis with egocentric network analysis. This allows us to distinguish micro- and context-level effects in the analysis of economic resilience. Findings – The findings of this study indicate that while specialization at the network and context-level is conducive to firm growth prior to the crisis, these configurations seem to be particularly susceptible to external shocks. Conversely, diversity (diversified regional agglomerations and diverse networks) seems to be associated with economic resilience during the crisis. Moreover, we find that economic resilience is connected to adaptive capability at the micro-level, that is, the ability to expand and diversify a firms’ portfolio of network ties in the face of an external shock. Finally, we show that these adaptive processes are facilitated by geographical proximity among collaborating organizations. Originality/value – This study contributes to the existing literature by showing that the antecedents of economic resilience are located at multiple levels of analysis. An important implication of this study is that the examination of the resilience of regional clusters may thus be significantly enhanced by disentangling effects at the firm, network and regional (i.e. context) level.

scholarly journals The Effect of Innovative Entrepreneurial Vitality on Economic Resilience Based on a Spatial Perspective: Economic Policy Uncertainty as a Moderating Variable

2021 ◽  
Vol 13 (19) ◽  
pp. 10677
Author(s):  
Weilong Wang ◽  
Jianlong Wang ◽  
Shaersaikai Wulaer ◽  
Bing Chen ◽  
Xiaodong Yang
Keyword(s):  
Economic Policy ◽  
Evaluation System ◽  
Industrial Structure ◽  
Policy Uncertainty ◽  
External Shocks ◽  
Economic Resilience ◽  
Economic Policy Uncertainty ◽  
Economic Agglomeration ◽  
Indicator Evaluation ◽  
The Impact

This study measured the economic resilience of 269 prefecture-level cities in China by constructing an indicator evaluation system for the resilience, adjustment, and responsiveness of the economic system under external shocks. A dynamic spatial Durbin model and a moderating mediation model were employed to analyze empirically the impact of economic policy uncertainty and innovative entrepreneurial vitality on economic resilience using prefecture-level panel data from 2004 to 2018. The statistical results revealed that there were significant “snowball” effects and spatial spillover characteristics of economic resilience. Under the moderating effect of economic policy uncertainty, innovative entrepreneurial vitality was found to have a significant positive effect on economic resilience. Furthermore, innovative entrepreneurial vitality was found to enhance economic resilience significantly by upgrading the industrial structure, alleviating the income gap, and guiding economic agglomeration in the context of economic policy uncertainty. Moreover, the impacts of innovative entrepreneurial vitality and economic policy uncertainty on economic resilience, respectively, showed significant heterogeneities in terms of the cities’ regions and economic sizes. The above-mentioned results were found to be valid even after a series of robustness tests were carried out.

scholarly journals Funding Innovations for Sustainable Growth in Emerging Markets

2019 ◽  
Vol 11 (4) ◽  
pp. 16
Author(s):  
Michael Neubert
Keyword(s):  
Emerging Markets ◽  
Private Equity ◽  
Case Study Research ◽  
Sustainable Growth ◽  
Structured Interviews ◽  
Multiple Case ◽  
The Subject ◽  
The Impact ◽  
Different Sources

This study aims to understand the impact of fundraising innovations on sustainable growth in emerging markets. It opted for a multiple-case study research design using different sources of evidence, including nineteen semi-structured interviews. The subject matter experts (SMEs) were selected using a purposive selection method. The theoretical framework of Porter and Kramer is used. The results suggest that crowdinvesting, initial coin offerings, and accelerators might facilitate sustainable growth of private equity and venture capital markets in Africa due to entrepreneurial ecosystems and networks. The findings are relevant for founders and investors. The study contributes to the literature on entrepreneurial finance in emerging markets.

scholarly journals The Impact of COVID-19 on the Revenue of the Livestock Industry: A Case Study of China

Animals ◽  
2021 ◽  
Vol 11 (12) ◽  
pp. 3586
Author(s):  
Jianxiong Chen ◽  
Chung-Cheng Yang
Keyword(s):  
Economic Growth ◽  
Social Order ◽  
Policy Recommendations ◽  
Livestock Industry ◽  
Animal Management ◽  
Study Results ◽  
Livestock Products ◽  
Revenue Function ◽  
The Impact

The COVID-19 pandemic has affected social order and people’s health and has also caused a heavy blow to the livestock industry, affecting animal management and welfare. The livestock industry is one of the main contributors to economic growth in many regions, and it is of great significance to people’s lives and regional economic growth. COVID-19 has reduced the livestock industry’s market as well as consumers’ opportunities to purchase livestock products, resulting in no sales or low sales of livestock or their products. The main purpose of this study is to consider the impact of the pandemic on the revenue of the livestock industry, and to study the challenges arising from the pandemic to the livestock industry. Based on the perspective of financial statements, we estimate the impact of COVID-19 through the translog revenue function of listed Chinese livestock companies from 2015 to 2020, and the study results show that the COVID-19 pandemic has reduced the revenue of the livestock industry, but the decline in revenue of large livestock enterprises is lower than that of small and medium-sized livestock enterprises. In the last two parts of this study, we make policy recommendations to livestock enterprises and the authorities.

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