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Regional economic resilience in the European Union: a numerical general equilibrium analysis

This Technical Report investigates the resilience of EU regions under three alternative recessionary shocks, each of them activating different economic adjustments and mechanisms.

date:  30/04/2020

author:  Filippo Di Pietro, Patrizio Lecca, and Simone Salotti

This Report studies the vulnerability, resistance, and recoverability of regions and identifies key regional features affecting the ability of regions to withstand to and recover from unexpected external shocks. The analysis reveals that the response of regions varies according to the nature of the external disturbance and to the pre-shock regional characteristics. Finally, it seems that resilience also depends on factors' mobility.

The full Technical Report can be found here.