Regional patterns of growth during the Great Recession: the limits of resilience analysis to understand a systemic crisis
摘要
Economic geography has largely analysed the 2008 crisis in Europe through the concept of regional resilience. The perspective developed here shows that this concept of resilience has largely expanded the conceptual universe centred on competitiveness and the methods used before the crisis, without considering that the crisis may have changed the traditional drivers of regional growth. We show that the crisis is a particular moment in its regional dimension, characterised by more uncertain dynamics, and that the post-crisis period cannot be considered as a return to 'normality' studied with outdated approaches. Indeed, using similar models before, during and after the crisis, the results show a collapse in the explanatory power of the models to explain the geographical patterns of economic growth in Europe, as well as major changes in the drivers of growth during the peak of the globalisation era. Our interpretation of these results is that the crisis in Europe should be seen as a systemic crisis that—at least partially—redefines the foundations of regional dynamics.