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Determinants of Regional Resilience to Economic Crisis: A European Perspective

Event Details:

  • Date: Thursday 24th Nov 2016
  • Time: 16:00 - 17:00
  • Venue: The Cyprus Institute - Guy Ourisson Building, Seminar Room, 1st Floor, Athalassa Campus
  • Speaker: Dr Elias Giannakis

 The seminar will be in English, the event is open to the public.


Abstract
The impact of the recent economic crisis has been highly asymmetric across the European regions. In Greece, the unemployment rate increased from 8% pre-crisis (2008) to 27% in 2014, while unemployment in Germany decreased from 7.4% (2008) to 5% (2014). The determinants of resilience to economic crisis across European regions are investigated in this presentation. A highly heterogeneous pattern of resilience was observed within countries, while significant differences were also revealed between the continental northern-central regions and the southern periphery. Pre-crisis regional factors such as sectoral specialization, economic growth, investment, education and commuting workforce are major determinants for shaping regional resilience.

The results of the study reveal the importance of narrowing disparities among regions and formulating regional cohesion policies that prioritize these determinants.

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