6533b86efe1ef96bd12cc884

RESEARCH PRODUCT

Micro and Macro Resilience Measures of an Economic Crisis

Peter NijkampCristina BerniniMaria Francesca Cracolici

subject

050210 logistics & transportation021103 operations researchPublic economicsResilienceEconomic crisisComputer Networks and CommunicationsLife-CycleExpenditure elasticity05 social sciences0211 other engineering and technologies02 engineering and technologyResilience . Economic crisis . Tourism expenditure .Life-Cycle . Cragg model . Expenditure elasticityCragg modelArtificial Intelligence0502 economics and businessSettore SECS-S/03 - Statistica EconomicaEconomicsSurvey data collectionMacroTourism expenditureEconomic crisiSoftwareTourism

description

Using Italian Households Budget Survey data over the period 1997-2013, a Cragg model in a life-cycle context is specified to compare the consumption behaviour in the pre- and post-crisis time and develop different micro and macro measures of resilience against crisis shocks. Cohort profiles for participation in and for consumption of tourism services in the pre- and post-crisis time are determined so as to explore the households’ resilience by generations. Next, the households’ resilience according to socio-demographic characteristics is addressed. As for the macro-resilience, combining individual expenditure elasticity, we examine whether and how Italian regions have responded to the recent economic crisis.

yearjournalcountryeditionlanguage
2020-03-01
10.1007/s11067-019-09470-9http://hdl.handle.net/11585/709257