Abstract
Economic shocks to metropolitan economies occur periodically, although the effects of the shocks vary from region to region, as do regions' adjustment to and recovery from them. In this chapter we examine the nature and extent of the shocks, their effects on regional economies (some regional economies are resistant to shocks while others suffer substantial downturns), and the resilience of regional economies to shocks. We are particularly concerned with regional economic resilience: why are some regional economies that are adversely affected by shocks able to recover in a relatively short period of time while others are not?.
| Original language | English (US) |
|---|---|
| Title of host publication | Urban and Regional Policy and Its Effects |
| Subtitle of host publication | Building Resilient Regions |
| Publisher | Brookings Institution Press |
| Pages | 193-274 |
| Number of pages | 82 |
| Volume | 9780815722854 |
| ISBN (Electronic) | 9780815722854 |
| ISBN (Print) | 9780815722847 |
| State | Published - 2012 |
ASJC Scopus subject areas
- Social Sciences(all)