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The link between quality of government and regional resilience in Europe

Author

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  • Rios, Vicente
  • Gianmoena, Lisa
Abstract
This study analyzes the robustness of the link between quality of government and resilience in a sample of 264 NUTS-2 regions of 28 European countries during the Great Recession. Bayesian Model Averaging techniques are used to analyze the relevance of the quality of government together with a large set of macroeconomic, institutional, innovation, socio-demographic and labor market and sectoral specialization factors that may affect observed resilience patterns in Europe. The robustness of individual covariates is measured through posterior inclusion probabilities. The empirical analysis provides conclusive evidence on the role played by the regional quality of government as it appears to be one of the most robust drivers of resilience. In a second step, posterior jointness is investigated finding that factors related to the knowledge and innovation environment reinforce the relevance of quality of government while others such as trade openness act as substitutes.

Suggested Citation

  • Rios, Vicente & Gianmoena, Lisa, 2020. "The link between quality of government and regional resilience in Europe," Journal of Policy Modeling, Elsevier, vol. 42(5), pages 1064-1084.
    • Handle: RePEc:eee:jpolmo:v:42:y:2020:i:5:p:1064-1084
    DOI: 10.1016/j.jpolmod.2020.02.005
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    More about this item

    Keywords

    Resilience; Quality of government; Determinants; Bayesian Model Averaging; Posterior jointness;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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