دانلود CONCEPTUALIZING AND MEASURING ECONOMIC RESILIENCE

Abstract

This  paper  develops  a  conceptual  and  methodological  framework  for  the  analysis and measurement of economic resilience. The working definition of economic resilience adopted in this paper is the “nurtured” ability of an economy to recover from or adjust to the effects of adverse  shocks  to  which  it  may  be  inherently  exposed.  This  concept  is  used  to  provide  an explanation as to why a number of inherently vulnerable countries have attained relatively high levels of  GDP  per  capita. The  paper also  presents  a  tentative approach aimed  at  developing  an  index of economic resilience covering four aspects namely macroeconomic stability, microeconomic market efficiency, governance and social development.