경제적 충격에 따른 지역경제 회복력 연구 – 글로벌 금융위기 및 코로나19를 중심으로 –

Abstract

The main purposes of this paper which examines the regional economic resilience from economic shock are as follows. First, we classify regional economic resilience as response to shock, rebound from shock, and recovery from shock for quantitatively measuring regional economic resilience using the Coincident Composite Index. Second, using the measurement results of regional economic resilience, we typified the local economy from a resilience perspective. Third, we analysed the relationship between local economic resilience determinants and local economic resilience using a regression model. The main results of this study are as follows. First, comparing the response to shock, which is a negative change caused by the shock, showed that Covid-19 has become smaller than the global financial crisis. Second, comparing the rebound from shock that returned to the level just before the shock, it was found that out of the seven regions, Daegu, Gangwon and Gyeongbuk had a greater rebound from shock of Covid-19 than the global financial crisis. Third, comparing the recovery from shock of the four regions that have recovered to the expected path of existing growth, the recovery from Covid-19 of Ulsan, Gangwon, and Gyeongbuk, excluding Daejeon, is greater than the global financial crisis. In conclusion, the results of this study could contribute to some evaluation of the impact of Covid-19 on local economic resilience.