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

2015 ◽  
Author(s):  
Yicheol Han ◽  
Stephan J. Goetz
Keyword(s):  
Great Recession ◽  
Economic Resilience ◽  
The Great Recession

Shocks and Regional Economic Resilience

2017 ◽  
Author(s):  
Harold Wolman ◽  
Howard Wial ◽  
Travis St. Clair ◽  
Edward Hill
Keyword(s):  
Great Recession ◽  
Regional Economies ◽  
Economic Shocks ◽  
Economic Resilience ◽  
Regional Economic ◽  
The Great Recession ◽  
The Face

The chapter examines shocks to regional economies, the extent to which regions are resistant to these shocks, whether regions that are adversely affected by these shocks are resilient in the face of them and why. We begin by defining and operationalizing economic shocks and the various ways in which they might affect regional economies. The analytic part of the chapter is devoted to quantitative descriptions and analyses of regional economic shocks and their determinants, causes, and consequences during the period 1978 to 2007 and then, separately, in a period coinciding with the Great Recession and its recovery, from 2007 to 2014.

scholarly journals Universal resilience patterns in labor markets

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Esteban Moro ◽  
Morgan R. Frank ◽  
Alex Pentland ◽  
Alex Rutherford ◽  
Manuel Cebrian ◽  
...  
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Great Recession ◽  
Urban Policy ◽  
Economic Resilience ◽  
The Great Recession ◽  
Us Economy ◽  
The Us ◽  
Skill Requirements ◽  
Us Cities

AbstractCities are the innovation centers of the US economy, but technological disruptions can exclude workers and inhibit a middle class. Therefore, urban policy must promote the jobs and skills that increase worker pay, create employment, and foster economic resilience. In this paper, we model labor market resilience with an ecologically-inspired job network constructed from the similarity of occupations’ skill requirements. This framework reveals that the economic resilience of cities is universally and uniquely determined by the connectivity within a city’s job network. US cities with greater job connectivity experienced lower unemployment during the Great Recession. Further, cities that increase their job connectivity see increasing wage bills, and workers of embedded occupations enjoy higher wages than their peers elsewhere. Finally, we show how job connectivity may clarify the augmenting and deleterious impact of automation in US cities. Policies that promote labor connectivity may grow labor markets and promote economic resilience.

scholarly journals Regional Resilience in Ireland and the Existence of a Two-Tier Recovery

2018 ◽  
Vol 37 (4) ◽  
pp. 99-110 ◽  
Author(s):  
Barraí Hennebry
Keyword(s):  
Great Recession ◽  
Urban Areas ◽  
Regional Disparities ◽  
Descriptive Statistics ◽  
Gdp Per Capita ◽  
Economic Resilience ◽  
Regional Resilience ◽  
The Great Recession ◽  
Urban Rural ◽  
Per Capita

Abstract This paper focuses on the increasing regional disparities in Ireland, especially since the great recession and assesses the degree to which the recovery has been concentrated in urban areas. Ireland was initially affected by the recession to a greater extent than other countries but has recovered strongly. However, this recovery has not been evenly distributed, with some regions showing greater economic resilience. Using descriptive statistics of GDP per capita (PPP), GVA and employment, this paper examines the extent to which the recovery has been a two-tier recovery. The paper finds evidence to suggest that the recovery has been heavily concentrated in Dublin, and to a lesser extent in Cork and Galway, resulting in an urban-rural divide.

Immigration and economic resilience in the Great Recession

Urban Studies ◽  
2020 ◽  
pp. 004209802092540
Author(s):  
Xi Huang
Keyword(s):  
Great Recession ◽  
Urban Areas ◽  
Metropolitan Areas ◽  
Ordinary Least Squares ◽  
Economic Resilience ◽  
The Great Recession ◽  
The Us ◽  
Capita Income Growth ◽  
The Relationship ◽  
Us Cities

The 2007–2009 financial crisis has caused economic disruption in many US cities and has drawn considerable academic attention. Despite abundant evidence of immigrants’ economic and social value to urban areas, little research has examined the relationship between immigration and resilience. This article investigates whether immigration enhanced economic resilience to the Great Recession for metropolitan areas in the US. It uses ordinary least squares and instrumental variable regressions to test the immigration effects between 2007 and 2014. The findings indicate that immigration leads to employment and income resilience. On average, metropolitan areas with a larger immigrant population tended to better preserve their growth paths during the Great Recession and to experience greater levels of employment and per capita income growth following the recession.

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