Economic crisis and regional resilience: detecting the ‘geographical footprint’ of economic crisis in Greece

Abstract

Taking stock from the research on regional resilience and by constructing a composite regional resilience indicator this paper sets out to detect the resistance/vulnerability of Greek regions and prefectures to economic crisis. Analysis is based on a newly elaborated dataset with socio-demographic, economic and welfare variables for Greek regions enabling to pre and after-crisis comparisons. Results highlight the multiplicity of ways in which crisis impacts on regions. Metropolitan areas and regions that are based on manufacturing activities seem to have been more vulnerable to crisis while places that are based on tourism such as islands are usually more resistant. Regional policy seems to be pro-cyclical to economic downturn.