Industrial Embeddedness and Regional Economic Resistance in Europe

IF 7.2 1区经济学 Q1 ECONOMICS

Economic Geography Pub Date : 2023-03-02 DOI:10.1080/00130095.2023.2174514

Tasos Kitsos, S. Grabner, André Carrascal-Incera

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引用次数: 2

Abstract

Abstract We study the role of local industrial embeddedness (the share of regional interindustry economic activity that is anchored to a region) on regional resistance (the difference between pre- and postcrisis employment) to the 2008 Great Recession (GR) in EU and UK NUTS-2 regions. The recession had profound effects in regional economies, which showed diverse performance based on their capacity to absorb the shock. The concept of economic resilience has been brought to the center of attention with several contributions exploring its determinants. However, the impact of the embeddedness of local economic systems in terms of sales and supplies has been largely unexplored. We use regional input–output tables to approximate the embeddedness of local economies, and we use fixed-effects and quantile regressions to test its relationship to regional resistance between 2008 and 2011. We find that during the GR, regional industries opted to change input rather than output markets. Additionally, embeddedness has a curvilinear relationship to regional resistance that varies across the distribution of regional resistance performance. Finally, at the industry level, we find regional embeddedness to be important to the resistance of manufacturing and financial and business services, and sectoral embeddedness to matter more for the resistance of construction and wholesale, retail, and information technology. Our findings highlight nuances that policy makers should be aware of in planning for resilience.

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欧洲的产业嵌入与区域经济阻力

摘要我们研究了欧盟和英国NUTS-2地区的地方产业嵌入性（固定在一个地区的地区产业间经济活动的份额）对2008年大衰退（GR）的地区抵抗力（危机前和危机后就业之间的差异）的作用。经济衰退对区域经济产生了深远影响，这些经济体根据吸收冲击的能力表现出不同的表现。经济韧性的概念已经成为人们关注的焦点，有几篇文章探讨了其决定因素。然而，当地经济系统在销售和供应方面的嵌入性的影响在很大程度上尚未得到探索。我们使用区域投入产出表来近似地方经济的嵌入性，并使用固定效应和分位数回归来测试其与2008年至2011年间区域阻力的关系。我们发现，在GR期间，区域产业选择改变投入市场，而不是产出市场。此外，嵌入性与区域阻力呈曲线关系，随区域阻力表现的分布而变化。最后，在行业层面，我们发现区域嵌入性对制造业、金融和商业服务业的阻力很重要，而部门嵌入性对建筑业、批发、零售和信息技术的阻力更重要。我们的研究结果强调了政策制定者在规划恢复力时应该意识到的细微差别。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Geography Multiple-

CiteScore

9.70

自引率

2.90%

发文量

期刊介绍： Economic Geography is a peer-reviewed journal dedicated to publishing original research that advances the field of economic geography. Their goal is to publish high-quality studies that are both theoretically robust and grounded in empirical evidence, contributing to our understanding of the geographic factors and consequences of economic processes. It welcome submissions on a wide range of topics that provide primary evidence for significant theoretical interventions, offering key insights into important economic, social, development, and environmental issues. To ensure the highest quality publications, all submissions undergo a rigorous peer-review process with at least three external referees and an editor. Economic Geography has been owned by Clark University since 1925 and plays a central role in supporting the global activities of the field, providing publications and other forms of scholarly support. The journal is published five times a year in January, March, June, August, and November.