Why are some Spanish regions more resilient than others?

Abstract

Which of a region's characteristics most strongly influence its degree of resilience? This study constructs a composite resilience index for the Spanish regions and uses Multiple Factor Analysis to compare it with the Martin resilience index (Martin, 2012). The results of a Principal Components Analysis to measure the relative contributions of potential regional resilience drivers indicate that, during recovery periods, it is market- service focused regional economies that show stronger resilience, while, in crisis periods, it is regions with a more highly-educated workforce.