The nexus of a regional competitiveness and economic resilience: The evidence-based on V4+4 NUTS 2 regions

dc.contributor.authorSvoboda, Ondrej
dc.contributor.authorMelecky, Lukas
dc.contributor.authorStanickova, Michaela
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2024-03-05T10:28:03Z
dc.date.available2024-03-05T10:28:03Z
dc.description.abstractEconomies have always been prone to economic downturns, industry shocks, currency crises, and the current COVID-19 epidemic crises, destabilising a region’s economic growth trajectory and pattern. By re-establishing economic ties both inside and outside regions, regional economies that have been disturbed by a shock may transition to a new growth trajectory. We examined the idea of competitiveness and resilience in a regional development context to answer why one region is more susceptible to economic shock than others and the competitive advantages and disadvantages of V4+4 countries. This article highlights some of the core characteristics of regional competitiveness and resilience and gives a survey of the notion, main empirical results, and planning tasks concerning regional competitiveness and resilience. The idea of resilience is gaining greatness because of the COVID-19 crisis, and its importance is growing in research and economic policymaking. Ideas like “2020 made us stronger” and “resilience, tenacity, and the ability to bounce back” are obviously alluring during the current crisis. The COVID-19 problem, however, has decreased the main systems’ shock resistance and caused failures to spread from one system to another. Thus, it is necessary to suggest a systems approach focused on resilience to have socio-economic systems ready for potential shocks. The paper’s main topic is resilience-focused tactics, with a focus on the current European Union strategy. The European Union must strengthen its resilience considering the COVID-19 issue and the political agenda that is transition-driven in order to move forward or recover but emerge stronger. If policies are to be effective in the long run, an attitude responding to the systemic causes and impacts of big shocks is required.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2024-1-001
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/174708
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectEconomic shocksen
dc.subjectregional developmenten
dc.subjectV4+4 countries analysisen
dc.subjecteconomic resilienceen
dc.subjectregional competitiveness indexen
dc.subject.classificationC46
dc.subject.classificationO18
dc.subject.classificationO52
dc.subject.classificationR10
dc.subject.classificationR11
dc.titleThe nexus of a regional competitiveness and economic resilience: The evidence-based on V4+4 NUTS 2 regionsen
dc.typeArticleen
local.accessopen
local.citation.epage23
local.citation.spage6
local.facultyFaculty of Economics
local.filenameEM_1_2024_1
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue1
local.relation.volume27
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