Why are some places more resilient than others during economic shocks? This project focuses on the reasons behind the differential resilience performance of areas at the sub-national level.
It has two main research strands:
- The first will use City-REDI’s Socio-Economic Impact Model for the UK (SEIM-UK) to test the implications of several shock scenarios (positive and negative) on regional labour markets in the UK.
- The second strand will undertake research to identify the influence of factors such as entrepreneurship, innovation, and the presence of universities and the embeddedness of local industrial structures on local economic resilience.
WMREDI
Research Theme 4
Local and Regional Economic Development
- To identify the most significant sectors in local economies (NUTS2 level) using a range of methods (key sector, structural analysis on dependency and vulnerability, share of employment and GVA).
- To develop a labour market module for the SEIM-UK to allow us to model labour demand by skill category.
- To use the household disaggregation model developed for project 5D (Income Inequality, Policies and Inclusive Growth) to model the impact of labour market fluctuations by household type.
- To run scenarios (co-created with stakeholders) on the impact of sectoral shocks in different local economies. These scenarios will examine the direct and spillover effects to the rest of the regions and national economy.
- To undertake research on the determinants of local resilience performance by examining the effects of factors such as entrepreneurship, innovation, university performance and impact and local economic embeddedness.
- To undertake research and provide insight on the 2020 COVID-19 emerging crisis.
- To consider policies in enhancing resilience.
- To disseminate research findings and engage with stakeholders in fostering project legacy.
Project lead contact details:
Dr Tasos Kitsos
Project support contact details:
Matthew Patterson, Administrative Assistant, City-REDI / WMREDI
Economic Resilience to Shocks: Implications for Labour Markets
City-REDI Blog, February 2021
The Uneven Economic Impact of COVID-19: Evidence From Claimant Counts
City-REDI Blog, May 2020
Resilience and Inclusive Growth: Two Faces of the Same Dice?
City-REDI Blog, May 2020
Response to the Department for Business, Energy and Industrial Strategy (BEIS) Select Committee Inquiry on the Impact of COVID-19 on Businesses and Workers
City-REDI Blog, May 2020
Universities and Regional Economies: Multiplier Effects and the Impact of COVID-19
City-REDI Blog, April 2020
The Uneven Spatial Footprint of the Coronavirus (COVID-19) Shutdown
City-REDI Blog, April 2020
Identifying Exposure: What Do the IFS Estimates on the Coronavirus Sector Shutdown Mean for the West Midlands?
City-REDI Blog, April 2020
Local Resilience and the Coronavirus (COVID-19) Economic Crisis
City-REDI Blog, April 2020
The Role of Embeddedness on Regional Economic Resilience: Evidence from the UK
City-REDI blog, September 2019