The Resistance of Dutch Regions to Economic Shocks
The Resistance of Dutch Regions to Economic Shocks
The Resistance of Dutch Regions to Economic Shocks
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Conclusions<br />
• <strong>The</strong> likelihood <strong>of</strong> an increase in structural unemployment due<br />
<strong>to</strong> a shock depends on:<br />
1. Relatedness <strong>of</strong> industries in region<br />
› Disadvantage is sec<strong>to</strong>ral structure with isolated industries, e.g., Velsen<br />
(Tata steel), Sittard-Geleen (NedCar)<br />
› Advantage is sec<strong>to</strong>ral structure with related industries, e.g., Eindhoven<br />
(high tech manufacturing) and Amsterdam (financial services)<br />
2. Lack <strong>of</strong> relatedness in own region can be compensated by good<br />
connectivity <strong>to</strong> regions with related activities<br />
• Implications for policymakers:<br />
– Relatedness and connectivity provide detailed information in<br />
strength and weaknesses <strong>of</strong> the regional-sec<strong>to</strong>ral structure<br />
› Affects resilience <strong>of</strong> the region
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