Regional Employment Growth, Shocks and Regional Industrial Resilience: A Quantitative Analysis of the Danish ICT Sector

Please cite as: Jacob R. Holm & Christian R. Østergaard (2013): Regional Employment Growth, Shocks and Regional Industrial Resilience: A Quantitative Analysis of the Danish ICT Sector, Regional Studies, DOI:10.1080/00343404.2013.787159

27 Pages Posted: 12 Jan 2013 Last revised: 26 Apr 2015

See all articles by Christian Østergaard

Christian Østergaard

Aalborg University - Department of Business and Management

Jacob Holm

Aalborg University Business School

Date Written: January 10, 2013

Abstract

The resilience of regional industries to economic shocks has gained a lot of attention in evolutionary economic geography recently. This paper uses a novel quantitative approach to investigate the regional industrial resilience of the Danish ICT sector to the shock following the burst of the dot-com bubble. It is shown that regions characterised by small and young ICT service companies were more adaptable and grew more than others, while diversity and urbanisation increased the sensitivity to the business cycle after the shock. Different types of resilient regions are found: adaptively resilient, rigidly resilient, entrepreneurially resilient and non-resilient regions.

Keywords: Resilience, Regional economic growth, ICT sector, Business cycle, Shocks

JEL Classification: R11, O18, E32, L86

Suggested Citation

Østergaard, Christian and Holm, Jacob Rubæk, Regional Employment Growth, Shocks and Regional Industrial Resilience: A Quantitative Analysis of the Danish ICT Sector (January 10, 2013). Please cite as: Jacob R. Holm & Christian R. Østergaard (2013): Regional Employment Growth, Shocks and Regional Industrial Resilience: A Quantitative Analysis of the Danish ICT Sector, Regional Studies, DOI:10.1080/00343404.2013.787159, Available at SSRN: https://ssrn.com/abstract=2198857 or http://dx.doi.org/10.2139/ssrn.2198857

Christian Østergaard (Contact Author)

Aalborg University - Department of Business and Management ( email )

Aalborg, DK-9220
Denmark

Jacob Rubæk Holm

Aalborg University Business School ( email )

Aalborg, DK-9220
Denmark
+99408247 (Phone)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
76
Abstract Views
605
rank
423,176
PlumX Metrics