A Measure For Regional Resilience To Economic Crisis

• Authors: Markowska Małgorzata

Abstracts

EN

The purpose of the study (presented in this article) was to develop a measure of resilience to crisis, one that may be applied to regional data. In principle, such measure can take either positive or negative values. A positive value confirms resilience to crisis, whereas a negative one confirms the absence of resilience (sensitivity/vulnerability). The measure uses growth rates referred to the previous year under the assumption that crisis results in a slowdown in growth, or even in a decline in values of important economic indicators. Growth rates are standardized by dividing values of original change rates by medians specified based on spatio-temporal data modules. Such division results in each characteristic being brought to equal validity. Simultaneously, the original character is maintained and variables are not “flattened” by the outliers. Changing destimulants into stimulants occurs during growth rates calculation. The measure of resilience to crisis is calculated as an arithmetic mean of the values of characteristics brought to comparability. The measure of resilience can be converted into the measure of sensitivity by multiplying it by (-1). The application of the proposed measure to assessing the resilience to crisis in the period 2006-2011 is presented for regions meant as the European Union NUTS2 units. The measure is based on comparable data, which allowed for using only six variables measuring changes in GDP, salaries, investments, household income, employment and unemployment.

Keywords

EN

economic crisis; aggregate measure; NUTS 2

• Publisher: Główny Urząd Statystyczny
• Journal: Statistics in Transition new series
• Year: 2015
• Volume: 16
• Issue: 2
• Pages: 293-308

Contributors

author

Markowska Małgorzata

• Wrocław University of Economics

References

• BARTOSIEWICZ, S., (2014). Głos w dyskusji na temat przyczyn kryzysów gospodarczych [The voice in the discussion about the causes of economic crises], [in:] Modelowanie i prognozowanie zjawisk społeczno-gospodarczych. Teoria i praktyka [Modelling and forecasting of socio-economic phenomena. Theory and practice], B. Pawełek (ed.), Cracow University of Economics Publishing House, Cracow.
• BRIGUGLIO, L., PICCININO, S., (2012). Growth with Resilience in East Asia and the 2008-2009 Global Recession, Asian Development Review, vol. 29, No. 2, pp. 183–206.
• BRIGUGLIO, L., (1995). Small Island States and their Economic Vulnerabilities, World Development, vol. 23(9), pp. 1615–1632.
• BRIGUGLIO, L., (2014). Resilience Building in Vulnerable Small States, Commonwealth Yearbook 2014,
• http://www.um.edu.mt/_data/assets/pdf_file/0012/205104/Briguglio_Resilience_Article_for_Comsec_Yearbook_13Jan13.pdf [downloaded on May 28, 2014].
• BRIGUGLIO, L., CORDINA, C., VELLA, S., VIGILANCE, C., (2010). Profiling Vulnerability and Resilience: A Manual for Small States. Commonwealth Secretariat, Marlborough House, London.
• BRIGUGLIO, L., CORDINA, G., (2003). The Economic Vulnerability and Potential for Adaptation of the Maltese Islands to Climate Change. Proceedings of the International Symposium on Climate Change, ISCC, Beijing, pp. 62–65.
• BRIGUGLIO, L., CORDINA, G., FARRUGIA, N., VELLA, S., (2009). Economic Vulnerability and Resilience: Concepts and Measurements. Oxford Development Studies, Vol. 37 (3), pp. 227–247.
• BRIGUGLIO, L., CORDINA, G., FARRUGIA, N., VIGILNACE, C., (2008). Small States and the Pillars of Economic Resilience of Small States. Islands and Small States Institute, University of Malta and Commonwealth Secretariat, Marlborough House, London.
• BRIGUGLIO, L., CORDINA, G., KISANGA, E. J., (2006). Building the Economic Resilience of Small States. Islands and Small States Institute, University of Malta and Commonwealth Secretariat, Marlborough House, London.
• BRIGUGLIO, L., GALEA, W., (2003). Updating and Augmenting the Economic Vulnerability Index. https://secure.um.edu.mt/_data/assets/pdf_file/0012/44130/eviar_briguglio_galea_ver4.pdf [downloaded on May 28, 2014].
• BRIGUGLIO, L., KISANGA, E. J., (2004). Economic Vulnerability and Resilience of Small States. Islands and Small States Institute, University of Malta and Commonwealth Secretariat, Marlborough House, London.
• BRIGULIO, L., CORDINA, G., FARRUGIA, N., VELLA, S., (2006a). Conceptualising and Measuring Economic Resilience,
• https://secure.um.edu.mt/__data/assets/pdf_file/0013/44122/resilience_index.pdf [downloaded on May 28, 2014].
• BRISTOW, G., (2010). Resilient regions: re-`place`ing regional competitiveness. Cambridge Journals of Regions, Economy and Society, 3, 153-167.
• CHAPPLE, K., BELZER, M., (2010). The resilient regional labour market: the US case. Cambridge Journals of Regions, Economy and Society, 3, 85–104.
• CHRISTOPHERSON, S., MICHIE J., TYLER, P., (2010). Regional resilience: theoretical and empirical perspectives, Cambridge Journals of Regions, Economy and Society, 3, 3–10.
• CLARK, J., HUANG, H.-I., WALSH, J., (2010). A typology of `Innovation Districts`: what it means for regional resilience, Cambridge Journals of Regions, Economy and Society, 3, 121–137.
• HASSINK, R., (2010). Regional resilience: a promising concept to explain differences in regional economic adaptability? Cambridge Journals of Regions, Economy and Society, 3, 45–58.
• MARKOWSKA, M., (2014). Ocena zależności między rozwojem inteligentnym a odpornością na kryzys ekonomiczny w wymiarze regionalnym – przegląd badań [Assessment of dependence between smart growth and resilience to economic crisis in regional dimension – research review, [in:] Gospodarka regionalna w teorii i praktyce [Regional economy in theory and practice], D. Strahl, A. Raszkowski and D. Głuszczuk (eds.), Research Studies of Wrocław University of Economics No. 333, Wrocław, 22–32.
• MARKOWSKA, M., (2015). The vulnerability of regions to economic crisis - measurement problems, [in:] Regional Economy and Policy. Territory and Cities, Hlavacek P., Olsova P. (eds.), Jan Evangelista Purkyne University in Usti nad Labem, Usti nad Labem, 104–112.
• MARKOWSKA, M., STRAHL, D., (2015). Inteligentny rozwój a podatność na kryzys ekonomiczny regionów Unii Europejskiej – próba oceny z wykorzystaniem modeli logitowych [Smart development and vulnerability to crises in UE regions – evaluation with logistic regression], Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie [Scientific Papers of the University of Economics in Cracow], Cracow (accepted for publication).
• MASIK, G., RZYSKI, S., (2014). Resilience of Pomorskie region to economic crisis, Bulletin of Geography. Socio-economic Series, Volume 25, Issue 25, 129–141. MASIK, G., (2014). Uwarunkowania i instrumenty wspierające odporność gospodarczą miast i regionów, referat na konferencji na temat „Polityka miejska. Wyzwania, doświadczenia, inspiracje” (Warszawa 25-26.06.2013), http://www.euroreg.uw.edu.pl/media/prezentacje_konferencja_polityka_miejska/_2_grzegorz_masik.pdf [downloaded on May 28, 2014].
• PERDAŁ, R., HAUKE, J., (2014). Czynniki rozwoju obszarów wzrostu i obszarów stagnacji gospodarczej w Polsce, [in:] Rozwój społeczno-gospodarczy a kształtowanie się obszarów wzrostu i obszarów stagnacji gospodarczej, P. Churski (ed.), Rozwój Regionalny i Polityka Regionalna, 25/2014, Instytut Geografii Społeczno-ekonomicznej i Gospodarki Przestrzennej, Bogucki Wydawnictwo Naukowe, Poznań, 69–88.
• PIKE, A., DAWLEY, S., TOMANEY, J., (2010). Resilience, adaptation and adaptability. Cambridge Journals of Regions, Economy and Society, 2010, 3, 59–70.
• REGIONS IN THE EUROPEAN UNION. NOMENCLATURE OF TERRITORIAL UNITS FOR STATISTICS NUTS 2010/EU-27, (2011). Series: Methodologies & Working Papers, European Commission, Luxemburg.
• ZAUCHA, J., CIOŁEK, D., BRODZICKI, T., GŁAZEK, E., (2014). Wrażliwość polskich regionów na wyzwania gospodarki globalnej, [in:] Gawlikowska-Hueckel K., Szlachta J. (eds.), Wrażliwość polskich regionów na wyzwania współczesnej gospodarki. Implikacje dla polityki rozwoju regionalnego. Oficyna Wolters Kluwer business, Warszawa, 206–244.