Publication

The crisis sensitivity of European countries and regions: stylized facts and spatial heterogeneity

de Groot, S. P. T., Möhlmann, J. L., Garretsen, J. H. & de Groot, H. L. F., Nov-2011, In : Cambridge Journal of Regions, Economy and Society. 4, 3, p. 437 - 456 20 p.

Research output: Contribution to journalArticleAcademicpeer-review

We investigate the impact of the recent global recession on European countries and regions. We first identify the heterogeneous impact of the global recession on individual European countries and regions. We then discuss three classes of explanations for spatial heterogeneity in the severity of the crisis: (i) the extent to which countries are integrated in the global economy via financial and trade linkages, (ii) differences in the institutional framework of countries and (iii) differences in their sectoral composition. We show that especially variation in the sectoral composition contributes to the variation in the effects of the current crisis, both at the country level and at the detailed regional level across Europe.
Original languageEnglish
Pages (from-to)437 - 456
Number of pages20
JournalCambridge Journal of Regions, Economy and Society
Volume4
Issue number3
Publication statusPublished - Nov-2011

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