Can foundational economy save regions in crisis?

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Can foundational economy save regions in crisis? / Martynovich, Mikhail; Hansen, Teis; Lundquist, Karl-Johan.

In: Journal of Economic Geography, 12.10.2022.

Research output: Contribution to journalJournal articleResearchpeer-review

Harvard

Martynovich, M, Hansen, T & Lundquist, K-J 2022, 'Can foundational economy save regions in crisis?', Journal of Economic Geography. https://doi.org/10.1093/jeg/lbac027

APA

Martynovich, M., Hansen, T., & Lundquist, K-J. (2022). Can foundational economy save regions in crisis? Journal of Economic Geography. https://doi.org/10.1093/jeg/lbac027

Vancouver

Martynovich M, Hansen T, Lundquist K-J. Can foundational economy save regions in crisis? Journal of Economic Geography. 2022 Oct 12. https://doi.org/10.1093/jeg/lbac027

Author

Martynovich, Mikhail ; Hansen, Teis ; Lundquist, Karl-Johan. / Can foundational economy save regions in crisis?. In: Journal of Economic Geography. 2022.

Bibtex

@article{99ffc75567cc4ef1b567bbc781b66d9c,
title = "Can foundational economy save regions in crisis?",
abstract = "We perform, to our best knowledge, the first systematic mapping of the foundational economy (FE) at the sub-national level by looking at the FE employment in Swedish regions between 2007 and 2016. We show that the FE itself not only suffered less than traded activities from employment decline during the Great Recession of 2007-2009 but was also a domain of substantial job creation in the post-crisis recovery. At the same time, regions with higher dependence on foundational employment were hit harder during the crisis in terms of overall labour market performance. We demonstrate that it is specific compositions of foundational and traded activities in the regional employment mix that relate differently to regional employment growth in times of crisis and recovery. Jointly, these findings allow us to contribute to the literatures on the FE and regional resilience.",
keywords = "Foundational economy, employment, crisis, recovery, resilience, RESILIENCE, EMPLOYMENT, RELATEDNESS, VARIETY, GROWTH",
author = "Mikhail Martynovich and Teis Hansen and Karl-Johan Lundquist",
year = "2022",
month = oct,
day = "12",
doi = "10.1093/jeg/lbac027",
language = "English",
journal = "Journal of Economic Geography",
issn = "1468-2702",
publisher = "Oxford University Press",

}

RIS

TY - JOUR

T1 - Can foundational economy save regions in crisis?

AU - Martynovich, Mikhail

AU - Hansen, Teis

AU - Lundquist, Karl-Johan

PY - 2022/10/12

Y1 - 2022/10/12

N2 - We perform, to our best knowledge, the first systematic mapping of the foundational economy (FE) at the sub-national level by looking at the FE employment in Swedish regions between 2007 and 2016. We show that the FE itself not only suffered less than traded activities from employment decline during the Great Recession of 2007-2009 but was also a domain of substantial job creation in the post-crisis recovery. At the same time, regions with higher dependence on foundational employment were hit harder during the crisis in terms of overall labour market performance. We demonstrate that it is specific compositions of foundational and traded activities in the regional employment mix that relate differently to regional employment growth in times of crisis and recovery. Jointly, these findings allow us to contribute to the literatures on the FE and regional resilience.

AB - We perform, to our best knowledge, the first systematic mapping of the foundational economy (FE) at the sub-national level by looking at the FE employment in Swedish regions between 2007 and 2016. We show that the FE itself not only suffered less than traded activities from employment decline during the Great Recession of 2007-2009 but was also a domain of substantial job creation in the post-crisis recovery. At the same time, regions with higher dependence on foundational employment were hit harder during the crisis in terms of overall labour market performance. We demonstrate that it is specific compositions of foundational and traded activities in the regional employment mix that relate differently to regional employment growth in times of crisis and recovery. Jointly, these findings allow us to contribute to the literatures on the FE and regional resilience.

KW - Foundational economy

KW - employment

KW - crisis

KW - recovery

KW - resilience

KW - RESILIENCE

KW - EMPLOYMENT

KW - RELATEDNESS

KW - VARIETY

KW - GROWTH

U2 - 10.1093/jeg/lbac027

DO - 10.1093/jeg/lbac027

M3 - Journal article

JO - Journal of Economic Geography

JF - Journal of Economic Geography

SN - 1468-2702

ER -

ID: 322953789