Fratesi, Ugo, Rodriguez-Pose, Andres, (2017), “The Global Crisis and regional employment in Europe: The performance of sheltered economies”, VoxEU, 16 April
Prior to the Great Recession, many European regions witnessed the emergence of economies which were impervious to changes in the business cycle (or ‘sheltered’ economies). We know little about how such regions coped with the Global Crisis. This column argues that regions with more sheltered economies performed worse in terms of employment change after the crisis compared to those with more open economies. Regional policy should focus on making lagging regions more open, dynamic, and competitive.
Relevant Posts
- Crescenzi, Riccardo, Holman, Nancy, Orrù, Enrico, (2016), “From brain drain to brain circulation: How labour mobility can help less developed European regions”, LSE Europpblog, 29 July
- Fratesi, Ugo, Rodríguez-Pose, Andrés, (2016), “The crisis and regional employment in Europe: what role for sheltered economies?”, Centre for Economic Policy Research, January