This article investigates the role of technological, industrial, and human capital composition in shaping short-term regional resilience in the wake of the Great Recession of 2008. Using data on 295 US Metropolitan Statistical Areas over the period 2008-14, we find that the most resilient regions feature a very diversified industrial structure. At the same time, an excess of technological diversity thwarts the ability to absorb external shocks. Lastly, a high endowment of high-level abstract skills is positively correlated with regional resilience, though the moderating effect of technological diversity is negative.
机构:
W Virginia Univ, Coll Business & Econ, Morgantown, WV 26505 USAW Virginia Univ, Coll Business & Econ, Morgantown, WV 26505 USA
Bologna, Jamie
Young, Andrew T.
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机构:
W Virginia Univ, Coll Business & Econ, Morgantown, WV 26505 USAW Virginia Univ, Coll Business & Econ, Morgantown, WV 26505 USA
Young, Andrew T.
Lacombe, Donald J.
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机构:
W Virginia Univ, Dept Agr & Nat Resource Econ, Dept Econ, Morgantown, WV 26506 USA
W Virginia Univ, Reg Res Inst, Morgantown, WV 26505 USAW Virginia Univ, Coll Business & Econ, Morgantown, WV 26505 USA
机构:
Arkansas Tech Univ, Dept Econ & Finance, Sch Business, Russellville, AR 72801 USAArkansas Tech Univ, Dept Econ & Finance, Sch Business, Russellville, AR 72801 USA
Chowdhury, Md Shahedur R.
Damianov, Damian S.
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机构:
Univ Durham, Business Sch, Dept Finance, Mill Hill Lane, Durham DH1 3LB, EnglandArkansas Tech Univ, Dept Econ & Finance, Sch Business, Russellville, AR 72801 USA
Damianov, Damian S.
Escobari, Diego
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机构:
Univ Texas Rio Grande Valley, Robert C Vackar Coll Business & Entrepreneurship, Dept Econ, Edinburg, TX USAArkansas Tech Univ, Dept Econ & Finance, Sch Business, Russellville, AR 72801 USA
Escobari, Diego
[J].
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS,
2024,
69
(01):
: 132
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163
机构:
Virginia Tech, Sch Publ & Int Affairs, 140 Otey St, Blacksburg, VA 24061 USAVirginia Tech, Sch Publ & Int Affairs, 140 Otey St, Blacksburg, VA 24061 USA
Le, Huyen T. K.
Buehler, Ralph
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机构:
Virginia Tech, Sch Publ & Int Affairs, Alexandria, VA USAVirginia Tech, Sch Publ & Int Affairs, 140 Otey St, Blacksburg, VA 24061 USA
Buehler, Ralph
Hankey, Steve
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机构:
Virginia Tech, Sch Publ & Int Affairs, 140 Otey St, Blacksburg, VA 24061 USAVirginia Tech, Sch Publ & Int Affairs, 140 Otey St, Blacksburg, VA 24061 USA
机构:
Cent China Normal Univ, Coll Urban & Environm Sci, Wuhan, Hubei, Peoples R ChinaCent China Normal Univ, Coll Urban & Environm Sci, Wuhan, Hubei, Peoples R China