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Region-specific turning points in territorial economic resilience: a business cycle approach to Turkey

Region-specific turning points in territorial economic resilience: a business cycle approach to... Almost all regional economic resilience studies measure resilience by referring to national time patterns of recessions. This study of region-specific patterns of resilience of 81 Turkish regions in the period 2009–20 and their underlying economic/demographic determinants in regions in Turkey shows that ignoring the different timings of regional and national economy recessions leads to misleading/biased results. The study shows first that provincial employment cycles are asynchronous. Second, the geographical pattern of resistance to the last 2018 economic crisis changes considerably when using province-specific rather than national turning points. Third, those provinces that are more open to trade, export- oriented, highly urbanised, and with a low level of human capital and entrepreneurial activities were more resistant to the recession. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Area Development and Policy Taylor & Francis

Region-specific turning points in territorial economic resilience: a business cycle approach to Turkey

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References (54)

Publisher
Taylor & Francis
Copyright
© 2023 Regional Studies Association
ISSN
2379-2949
eISSN
2379-2957
DOI
10.1080/23792949.2023.2197033
Publisher site
See Article on Publisher Site

Abstract

Almost all regional economic resilience studies measure resilience by referring to national time patterns of recessions. This study of region-specific patterns of resilience of 81 Turkish regions in the period 2009–20 and their underlying economic/demographic determinants in regions in Turkey shows that ignoring the different timings of regional and national economy recessions leads to misleading/biased results. The study shows first that provincial employment cycles are asynchronous. Second, the geographical pattern of resistance to the last 2018 economic crisis changes considerably when using province-specific rather than national turning points. Third, those provinces that are more open to trade, export- oriented, highly urbanised, and with a low level of human capital and entrepreneurial activities were more resistant to the recession.

Journal

Area Development and Policy – Taylor & Francis

Published: Jan 2, 2024

Keywords: economic resilience; economic cycles; timing of economic crises; Turkish provincial economic development; two-stage least squares (2SLS); E32; R11; 经济回弹性; 经济周期; 经济危机的时机; 土耳其省级经济发展; 2SLS; resiliencia económica; ciclos económicos; momento de las crisis económicas; desarrollo económico provincial en Turquía; MC2E; экономическая устойчивость; экономические циклы; сроки экономических кризисов; экономическое развитие турецких провинций; 2SLS

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