Resilience and specialization – How German regions weathered the Great Recession

IF 2.4 Q2 ECONOMICS
Christian Hundt, Lennart Grün
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引用次数: 5

Abstract

Abstract This paper takes an explorative approach for analyzing the economic development of German Spatial Planning Regions during and after the Great Recession covering the period from 2007 to 2017. Specifically, we are interested in the relation between the short- and the mid-term resilience of regions and in the role of the underlying economic structure in this regard. For this purpose, we categorize regions by their GDP per capita growth in the resistance and recovery phase and then characterize the resulting region types by their average structural characteristics and track their performance through the renewal and reorientation phase. Our analysis reveals that, in general, larger shares of manufacturing, higher degrees of export orientation and specialization, and lower shares of public sector services are associated with weaker resilience and stronger recovery capacity. In addition, we observe a catch-up effect of regions with at least either an above-average resistance or recovery compared to regions with both weak resistance and slow recovery. However, we do not find a substantial reorientation effect because, in the case of Germany, the advantages of regional economic specialization still outweigh its potential disadvantages.
弹性和专业化——德国各地区如何度过大衰退
摘要本文对2007 - 2017年经济大衰退期间和之后德国空间规划区的经济发展进行了探索性分析。具体来说,我们感兴趣的是各地区短期和中期弹性之间的关系,以及在这方面基础经济结构的作用。为此,我们根据抵抗和恢复阶段的人均GDP增长对地区进行分类,然后根据其平均结构特征对所产生的地区类型进行表征,并在更新和重新定位阶段跟踪其表现。我们的分析表明,总体而言,制造业比重越大,出口导向和专业化程度越高,公共部门服务业比重越低,韧性越弱,恢复能力越强。此外,我们观察到,与阻力弱且复苏缓慢的地区相比,阻力或复苏至少高于平均水平的地区存在追赶效应。然而,我们没有发现实质性的再定向效应,因为就德国而言,区域经济专业化的优势仍然大于其潜在的劣势。
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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CiteScore
3.60
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