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In Search of Concerted Strategies for Competitive and Resilient Regions
Kamila Borsekova1, Samuel Koróny1, Peter Nijkamp2,3,4
1Matej Bel University, Banska Bystrica, Slovakia.
Networks and Spatial Economics
|February 15, 2021
Summary
This study introduces the Resilience and Competitiveness Index (RACI) to analyze European regions. It reveals a strong link between competitiveness and resilience, guiding strategic development for balanced regional growth.
Area of Science:
- Socioeconomic Geography
- Regional Economics
- Policy Evaluation
Background:
- The European space-economy exhibits significant heterogeneity and complex interactions.
- Understanding the interplay between regional competitiveness and resilience is crucial for strategic development.
Purpose of the Study:
- To investigate the connectivity between spatial competitiveness and resilience in European regions.
- To design an operational framework for concerted strategies for competitive and resilient regions.
- To develop a new measure, the Resilience and Competitiveness Index (RACI).
Main Methods:
- Development of the Resilience and Competitiveness Index (RACI) using two sub-indices: Resilience and Competitiveness.
- Empirical testing of the RACI on detailed data from 268 EU NUTS2 regions.
- Utilizing official Eurostat data and standard indicators for consistency with the Regional Competitiveness Index (RCI).
Main Results:
- Empirical evidence confirms a clear connectivity between regional competitiveness and resilience.
- The study proposes systematic types of concerted regional strategies based on RACI performance.
- An operational framework for strategic regional policy evaluation and decision-making is designed.
Conclusions:
- The RACI provides a valuable tool for policy-makers to assess and compare regional performance.
- A governance approach balancing competitiveness (productive assets) with resilience (sustainability) is supported.
- The findings facilitate the development of concerted strategies for complex socioeconomic systems.
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