The Nexus of a Regional Competitiveness and Economic Resilience: the Evidence-based on V4+4 NUTS 2 Regions and COVID-19 Era

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F24%3A10250959" target="_blank" >RIV/61989100:27510/24:10250959 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.15240/tul/001/2024-1-001" target="_blank" >https://doi.org/10.15240/tul/001/2024-1-001</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.15240/tul/001/2024-1-001" target="_blank" >10.15240/tul/001/2024-1-001</a>

Result language

angličtina

Original language name

The Nexus of a Regional Competitiveness and Economic Resilience: the Evidence-based on V4+4 NUTS 2 Regions and COVID-19 Era

Original language description

Economies have always been prone to economic downturns, industry shocks, currency crises, and the current COVID-19 epidemic crises, destabilising the path and pattern of regional economic growth. Regional economies perturbed by a shock may move onto a new growth path by re-establishing economic linkages internally and with other regions. The question of why one region is more vulnerable to economic shock than others and its competitive advantages and disadvantages impelled us to analyse the competitiveness and resilience notion in a regional development context of V4+4 countries. This article highlights some of the underlying aspects of regional competitiveness and resilience and gives an overview of the notion, main empirical results, and planning tasks concerning regional competitiveness and resilience. The concept of resilience is gaining prominence because of the COVID-19 crisis, and its importance is growing in both research and economic policymaking. In the current crisis, ideas - resilience, grit, and the ability to bounce back - are understandably seductive in the face of adversity, &quot;2020 made us stronger&quot;. However, the COVID-19 crisis has reduced the resilience of key systems to shocks and allowed failures to cascade from one system to others. Therefore, a systems approach based on resilience must be proposed to prepare socio-economic systems for future shocks. The paper focuses on resilience-oriented strategies with an emphasis on the current European Union approach. Considering the COVID-19 crisis and the political agenda that is transition-driven, the European Union needs to increase its resilience and move forward or recover but emerge stronger by stepping up these transformations. If policies are to be effective in the long run, an approach that responds to the systemic causes and impacts of big shocks is required.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

E+M Ekonomie a Management

ISSN

1212-3609

e-ISSN

2336-5064

Volume of the periodical

2024

Issue of the periodical within the volume

1

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

17

Pages from-to

6-23

UT code for WoS article

001207109300005

EID of the result in the Scopus database

2-s2.0-85187109443