Defining and measuring regional resilience in South Korea: assessing the impact of two major recessionary shocks on 16 South Korean regions

Authors: Jongseo Won*, University At Buffalo
Topics: Economic Geography, Business Geography, Urban Geography
Keywords: Regional resilience, trendline slope, manufacturing sector
Session Type: Paper
Day: 4/9/2020
Start / End Time: 8:00 AM / 9:15 AM
Room: Beverly, Sheraton, IM Pei Tower, Terrace Level
Presentation File: No File Uploaded

In economic geography, regional resilience is a concept which refers to the regional economic system’s ability to react to, resistant to and recover from external shocks. Since there is no universally accepted definition, theory, and methodology of regional resilience, this study attempts to uses trendline slope of gross regional domestic product or total output to identify whether a region is resilient or non-resilient based on a method that has not been used in previous regional resilience studies.
On the basis of GRDP and output trendline slope to identify resilient or non-resilient region, this study attempts to explore regional resilience of South Korea’s 16 regions in response to two financial crises, the Asian financial crisis in the late 1990s and the global financial crisis in 2008.

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