Resilience of Greek regions

What is it about?

Taking stock from the research on regional resilience and by constructing a composite regional resilience indicator this paper sets out to detect the resistance/vulnerability of Greek regions and prefectures to economic crisis. Analysis is based on a newly elaborated dataset with socio-demographic, economic and welfare variables for Greek regions enabling to pre and after-crisis comparisons. Results highlight the multiplicity of ways in which crisis impacts on regions. Metropolitan areas and regions that are based on manufacturing activities seem to have been more vulnerable to crisis while places that are based on tourism such as islands are usually more resistant. Regional policy seems to be pro-cyclical to economic downturn.

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Why is it important?

This paper aims at contributing to the resilient discourse with many ways, such as the construction of resilience indicator, the application and the identification of regional resilience for the NUTS 2 and NUTS 3 regions in Greece and finally, with an examination of cyclicality of regional policy to economic downturn.