Micro and Macro Resilience Measures of an Economic Crisis

Maria Francesca Cracolici, Cristina Bernini, Peter Nijkamp

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

Using Italian Households Budget Survey data over the period 1997-2013, a Cragg model in a life-cycle context is specified to compare the consumption behaviour in the pre- and post-crisis time and develop different micro and macro measures of resilience against crisis shocks. Cohort profiles for participation in and for consumption of tourism services in the pre- and post-crisis time are determined so as to explore the households’ resilience by generations. Next, the households’ resilience according to socio-demographic characteristics is addressed. As for the macro-resilience, combining individual expenditure elasticity, we examine whether and how Italian regions have responded to the recent economic crisis.
Original languageEnglish
Pages (from-to)47-71
Number of pages25
JournalNetworks and Spatial Economics
Volume20
Publication statusPublished - 2019

All Science Journal Classification (ASJC) codes

  • Software
  • Computer Networks and Communications
  • Artificial Intelligence

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