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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 journal › Article › Academic › peer-review
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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.
In: Cambridge Journal of Regions, Economy and Society, Vol. 4, No. 3, 11.2011, p. 437 - 456.Research output: Contribution to journal › Article › Academic › peer-review
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TY - JOUR
T1 - The crisis sensitivity of European countries and regions
T2 - stylized facts and spatial heterogeneity
AU - de Groot, S.P.T.
AU - Möhlmann, J.L.
AU - Garretsen, J.H.
AU - de Groot, H.L.F.
PY - 2011/11
Y1 - 2011/11
N2 - 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.
AB - 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.
U2 - 10.1093/cjres/rsr024
DO - 10.1093/cjres/rsr024
M3 - Article
VL - 4
SP - 437
EP - 456
JO - Cambridge Journal of Regions, Economy and Society
JF - Cambridge Journal of Regions, Economy and Society
SN - 1752-1378
IS - 3
ER -
ID: 2119452