Regional resilience in Italy: a very long-run analysis

R. Cellini, Gianpiero Torrisi

    Research output: Working paper

    194 Downloads (Pure)

    Abstract

    Resilience is a concept derived from engineering and ecology relating to the way in which systems react to, and recover from, shocks. According to several recent analyses, different ‘resilience behaviours’ are able to explain differences in the economic performance of regions. This study shows that this explanation is not fully convincing when applied to the Italian regions, observed in the very long run. This analysis focuses on real per capita income levels over the period 1890-2009. Only few (major) shocks emerge to have a specific impact effect differing across the regions, while the recovery experiences never differ significantly across regions. This is accounted for by systematic and persistent differences in the economic performance of Italian regions; hence, it is difficult to discern genuine differences in regional resilience behaviour.
    Original languageEnglish
    Place of PublicationPortsmouth
    PublisherUniversity of Portsmouth
    Number of pages32
    Publication statusPublished - 2012

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