Naslov
Re-orientation as a Tool for Resistance and Recovery: Analysis of Regional Economic Resilience in Croatian NUTS 3 Regions

Autori
Kuliš Zvonimir ; Šimundić Blanka ; Kuliš Bernarda

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of FEB Zagreb 13th International Odyssey Conference on Economics and Business / Sever Mališ, Sanja ; Jaković, Božidar ; Načinović Braje, Ivana - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2022, 272-287

Skup
13th International Odyssey Conference on Economics and Business

Mjesto i datum
Dubrovnik, Hrvatska, 01.06.2022. - 04.06.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
regional economic resilience, resistance, recovery, re-orientation, NUTS 3 Croatian regions

Sažetak
Extensive and ongoing debate on regional economic resilience is present in the economic geography and regional studies since the global crisis in 2008. The debate underlined the complexity of definition, dimensions and measurement of regional economic resilience. The crucial question that still defines the debate is why some regions are more proficient at coping with shocks than others are. The answer to this question lies in the concept of adaptive resilience. Adaptive resilience is the ability of regional economy to absorb and recover from a shock. Within regional economic resilience dimensions (vulnerability, resistance, recovery, re- orientation), re- orientation dimension of regional economy presents its adaptive resilience, which merits higher empirical attention than already received. The aim of this paper is to investigate if the re- orientation capacity of Croatian regions enhances their economic resistance and recovery performance. The dynamic panel data model is formed to estimate the economic re-orientation effects on regional resistance and recovery in 21 Croatian NUTS 3 regions for a period of eleven years (2009-2019). The resistance and recovery performance of Croatian NUTS 3 economies was measured by the change of employment level in the period after the crisis compared to the year before the crisis. Re- orientation captured the change in regional sectoral specialisation for the analysed period, and is measured by the structural shift in regional GVA. The results of our model have put regional adaptive capacitiy into positive correlation with its economic resilience performance. Furthermore, the expected positive impacts of regional development level, human capital, population density, tourism demand, trade-openness, innovation, and sectoral specilaization in construction are confirmed, whereas regional specialization in services and quality of governance on national level showed to have negative impacts on regional resilience. Since this paper is one of the rare attempts to investigate regional economic resilience in Croatian NUTS 3 regions, empirical results offer valuable insights for policymakers in order to boost regional resilience.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA