Economic resilience during crisis: Opportunities and challenges from COVID-19

2021 ◽  
Author(s):  
Keyword(s):  
Economic Resilience

Retrospective analysis of the resilience of Russian regions as socio-economic systems

2019 ◽  
pp. 46-64 ◽  
Author(s):  
Vladimir V. Klimanov ◽  
Sofiya М. Kazakova ◽  
Anna A. Mikhaylova
Keyword(s):  
Panel Data ◽  
Economic Systems ◽  
Financial Indicators ◽  
Russian Regions ◽  
Integral Index ◽  
Negative Effects ◽  
Economic Resilience ◽  
Correlation Dependence ◽  
The Impact ◽  
The Relationship

The article examines the impact of various socio-economic and financial indicators on the resilience of Russian regions. For each region, the integral index of resilience is calculated, and its correlation dependence with the selected indicators is revealed. The study confirms the relationship between fiscal resilience and socio-economic resilience of the regions. The analysis of panel data for 75 regions from 2007 to 2016 shows that there are significant differences in the dynamics of indicators in different periods. In particular, the degree of exposure to the negative effects of the crises of 2008—2009 and 2014—2015 in non-resilient regions is higher than in resilient ones.

Local Financial Structure and Economic Resilience

2020 ◽  
Author(s):  
Ross Eric Levine ◽  
Chen Lin ◽  
Wensi Xie
Keyword(s):  
Financial Structure ◽  
Economic Resilience

scholarly journals COVID-19, Urbanization Pattern and Economic Recovery: An Analysis of Hubei, China

2020 ◽  
Vol 17 (24) ◽  
pp. 9577
Author(s):  
Wenyi Yang ◽  
Xueli Wang ◽  
Keke Zhang ◽  
Zikan Ke
Keyword(s):  
Rapid Development ◽  
Generalized Method Of Moments ◽  
Economic Recovery ◽  
Population Mobility ◽  
Economic Resilience ◽  
Economic Resource ◽  
Large Cities ◽  
Impact Of Urbanization ◽  
The One ◽  
The Impact

In the context of the rapid development of urbanization and increasing population mobility in China, the outbreak of COVID-19 has had a significant impact on China’s economy and society. This article uses China UnionPay transaction data and takes Hubei, the worst-hit region by COVID-19 in China, as an example, to conduct empirical analysis using the generalized method of moments (GMM) of the impact of current urbanization patterns on the spread of the epidemic and economic recovery from the perspectives of time, industry, and regional differences. The study found that during the different stages of COVID-19, including discovery, outbreak, and subsidence, the overall impact of urbanization on the economy in Hubei Province was first positive, then became negative, and finally gradually increased. This process had significant industrial and urban heterogeneity, which was mainly manifested in losses in tourism and catering industries that were significantly greater than those in the audio-visual entertainment and digital office industries. Similarly, the recovery speed of large cities was lower than that of small and medium-sized cities. The main reason for these differences is that the one-sided problem of urbanization is more obvious in areas with higher urbanization rates. COVID-19 has drawn attention to the development of urbanization in the future, that is, the development path of one-sided economic resource agglomeration and scale expansion should be abandoned, with greater attention paid to the improvement of service functions and the development of amenities. This transformation is necessary to enhance urban economic resilience and reduce public health risks.

scholarly journals Employment Diversification as a Determinant of Economic Resilience and Sustainability in Provincial Cities

2021 ◽  
Vol 13 (9) ◽  
pp. 4861
Author(s):  
Marcin Bogdański
Keyword(s):  
United States ◽  
The United States ◽  
Real Estate Market ◽  
Living Standards ◽  
Economic Resilience ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Moderate Negative Correlation ◽  
High Level ◽  
Level Of Living

Differentiated response of selected economies to the global economic crisis caused by the collapse of the real estate market in the United States has drawn the attention of economists to the concept of economic resilience. At the same time, once again, it showed the importance of analysing and creating suitable conditions for sustainable development. Resilient economies are less exposed to the risk of economic crises or slowdowns, which is vital for ensuring stable incomes and high level of living standards. Therefore, the presented analysis was aimed at evaluating the level of economic resilience of provincial cities in Poland in relation to the situation on their labour markets. For this purposes, selected measures of the variation in the distribution feature (e.g., coefficient of variation) and the degree of structure diversification of the examined feature (Amemiya’s index) were used. Subsequently, using correlation analysis, the research determined whether any relationships could be observed between the investigated variables. The results of the research indicate that for provincial cities sub-regions in Poland, a statistically significant, moderate negative correlation could be observed between the degree of employment structure diversification in 2009 and the scale and scope of the collapse in the number of employed persons in subsequent years. This suggests that a high level of employment diversification restricted the level of economic resilience in this case.

scholarly journals How Resilient Is ASEAN-5 to Trade Shocks? A Comparison of Regional and Global Shocks

2020 ◽  
Vol 12 (1) ◽  
pp. 93-115
Author(s):  
Mala Raghavan ◽  
Evelyn S. Devadason
Keyword(s):  
Structural Var ◽  
External Shocks ◽  
Economic Resilience ◽  
Cumulative Impact ◽  
Trade Shocks ◽  
The Usa ◽  
Global Shocks ◽  
Multiplier Effects ◽  
Regional Shocks ◽  
Direct Trade

This article studies the resilience of the ASEAN region to external shocks amid the unfolding effects of the USA–China trade war. It investigates and compares the effects of regional (ASEAN) and global (USA, China) shocks on ASEAN-5 using a Structural VAR (SVAR) framework. To identify the propagation of economic shocks and spillovers on ASEAN-5, the changing trade links between the economies considered are used to account for time variations spanning the period 1978Q1–2018Q2. Three major results follow from the analyses on trade links and output multiplier effects. First, the response of ASEAN-5 to shocks from the USA and China were more pronounced than regional shocks for the period after the Asian financial crisis. Second, the increasing cumulative impact of China’s shock on ASEAN was congruous to the growing trade links and trade intensities between ASEAN and China. Third, the USA and China were dominant growth drivers for the weaker trade-linked ASEAN partners. Taken together, the results suggest that global shocks matter for the region, and the economic resilience of the region to global shocks depends on indirect effects apart from the direct trade links.

From Vulnerable Health Habitus to Tough Health Habitus Against Covid-19 in Inang-Inang at The Traditional Markets in Medan, Indonesia

2021 ◽  
Vol 12 (1) ◽  
pp. 111-111
Author(s):  
Hadriana Marhaeni Munthe ◽  
Lina Sudarwati
Keyword(s):  
Family Members ◽  
Economic Resilience ◽  
Health Security ◽  
Traditional Markets ◽  
Urban Markets ◽  
The People ◽  
Traditional Market ◽  
Strategic Role ◽  
The Government

The term, 'inang-inang pasar' is referred to Bataknese market female vendors who sell basic commodities in the traditional urban markets. They have the image of hard working and tough vendors who fight against poverty in towns. Their activities as vendors in traditional markets indicate their strategic role of women as the agents of economic resilience and the agents of health security in their families. Here, their toughness in supporting their families by being vendors at Sembada traditional market, Medan. However, their toughness becomes a dilemma caused by Covid-19 pandemic. In this case, the government implement prokes (health protocol) from 3Ms to 5 Ms (wearing masks, washing hands, doing social distancing, avoiding crowd, and staying home), including in the area of the traditional markets where they sell their merchandise. The Prokes of Covid-19 in traditional markets have caused various responses from them. The reality is that they have not been ready to practice the policy on this 5 M Prokes since most of them lack of awareness of adhering to it due to the vulnerable of their health habitus. It seems that they can become the carriers and local transmitters of Covid-19. This situation worsens their condition and the people surrounding them such as their own family members. Keywords: Habitus, Covid-19, Inang-Inang, Traditional Market

Resilience through Adaptation: Innovations in Maasai Livelihood Strategies

2021 ◽  
Vol 25 (2) ◽  
pp. 278-311
Author(s):  
Jacques Pollini ◽  
John G. Galaty
Keyword(s):  
Land Use ◽  
Small Towns ◽  
Economic Stress ◽  
Livelihood Strategies ◽  
Land Loss ◽  
Economic Resilience ◽  
Territorial Expansion ◽  
Livelihood Systems ◽  
Increase Productivity ◽  
Adaptive Cycles

This article examines strategies adopted by Maasai and other pastoralists in Kenya to adapt to climate change, population growth, land loss, decreasing livestock holdings and land degradation, aimed at achieving greater socio-economic resilience. Using case studies mostly from Narok County and reviewing the increasingly rich literature on pastoralism and conservation in East Africa, we show that pastoralists employ three main strategies to adapt their livelihood systems: intensification (changes in land use systems to increase productivity per hectare); extensification (through territorial expansion into unoccupied areas or territories of neighbouring communities in our cases); and diversification (the combination of pastoralism with other livelihood strategies, mainly farming, conservation, tourism, business and wage jobs, often through migration to small towns or urban centres). Maasai communities have been quick to adopt these strategies, individually or in combination, in order to overcome ecological and socio-economic stress and to pursue opportunities as they arise. Since these strategies are generally compatible with extensive pastoralism, this land use will continue to play a key role in sustaining the livelihoods of people living in semi-arid and arid rangelands. However, when intensification and diversification through the adoption of ranching and farming occur, the rangeland becomes fragmented, with severe impacts on wildlife. In such cases, incentives for sustaining conservation and wildlife tourism will need to increase to compensate land holders for foregoing these more intensive land uses, thus moving towards reconciliation of ecological sustainability and strengthened livelihoods. These findings are illuminated by Gunderson and Holling's (2002) panarchy model and its nested adaptive cycles, where resilience is achieved by providing for change through loosening and reorganising connections between elements in the system.

Past Infrastructures and Future Machine Intelligence (MI) for Biofuel Production: A Review and MI-Based Framework

2018 ◽  
Author(s):  
Samuel Hansen ◽  
Amin Mirkouei
Keyword(s):  
Environmental Sustainability ◽  
Alternative Energy ◽  
Ecological Integrity ◽  
Machine Intelligence ◽  
Biofuel Production ◽  
Monitoring And Control ◽  
Economic Resilience ◽  
Capture Process ◽  
Alternative Energy Sources ◽  
Comparative Review

Recent interest in alternative energy sources, particularly biofuels from biomass, is becoming increasingly evident due to energy security and environmental sustainability concerns, such as depletion of conventional energy reserves and carbon footprint effects, respectively. Existing fuels (e.g., biodiesel and ethanol) are neither sustainable nor cost-competitive. There is a need to integrate the recent advanced manufacturing approaches and machine intelligence (MI) techniques (e.g., machine learning and artificial intelligence), targeted on the midstream segment (i.e., pre-/post-conversion processes) of biomass-to-biofuel supply chains (B2BSC). Thus, a comparative review of the existing MI approaches developed in prior studies is performed herein. This review article, additionally, proposes an MI-based framework to enhance productivity and profitability of existing biofuel production processes through intelligent monitoring and control, optimization, and data-driven decision support tools. It is further concluded that a modernized conversion process utilizing MI techniques is essential to seamlessly capture process-level intricacies and enhance techno-economic resilience and socio-ecological integrity of B2BSC.

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