Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/203083 
Year of Publication: 
2018
Series/Report no.: 
LEM Working Paper Series No. 2018/30
Publisher: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
Abstract: 
This paper explores the effect of different regional technological profiles on the resilience of regional economies to exogenous shocks. It presents an empirical examination of the determinants of resilience through panel analyses of UK NUTS III level data for the 2004-2012 period. The results indicate that regions endowed with technologically coherent - and not simply diversified - knowledge bases are better prepared to face an unforeseen downturn and display adaptive resilience. Moreover, local economies tend to be more adaptable if they innovate in sectors with the strongest growth opportunities, even though firms' net entry does not appear to contribute significantly towards resilience.
Subjects: 
resilience
adaptation
innovation
technological variety
financial crisis
JEL: 
O30
R11
O33
Document Type: 
Working Paper

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