Economic shocks and regional economic resilience

Edward Hill, Travis St. Clair, Howard Wial, Harold Wolman, Patricia Atkins, Pamela Blumenthal, Sarah Ficenec, Alec Friedhoff

Research output: Chapter in Book/Report/Conference proceedingChapter

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 languageEnglish (US)
Title of host publicationUrban and Regional Policy and Its Effects
Subtitle of host publicationBuilding Resilient Regions
PublisherBrookings Institution Press
Pages193-274
Number of pages82
Volume9780815722854
ISBN (Electronic)9780815722854
ISBN (Print)9780815722847
StatePublished - 2012

ASJC Scopus subject areas

  • Social Sciences(all)

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