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 -