π-Economy (Jan 2024)
Regional economic resilience: bibliometric analysis of the research
Abstract
The problem of ensuring the resilience of regional economic systems to shocks and upheavals has become especially urgent in recent years. The conceptual approach that forms its theoretical basis remains vague and inconsistent, primarily due to the complexity and multifaceted nature of this issue. This necessitates further research aimed at deepening the understanding of the regional resilience phenomenon through the formation of a knowledge structure model of this problem field. The purpose of the work is to identify key aspects and current directions for the development of the concept of regional economic resilience based on the method of bibliometric analysis. The methodological basis of the study was the method of bibliometric analysis combined with network analysis methods. The empirical basis of the study consisted of publications on the topic of regional economic resilience downloaded from the international scientometric database Web of Science. The instrumental basis for the analysis included VOSviewer program, version 1.6.20. During the first stage of the study, the author identified the dynamics of research interest in this topic for the period from 1995 to 2023, the most cited authors and their country affiliation. At the second stage, keywords in this subject field were analyzed, which made it possible to determine the most relevant aspects of studying the problem of regional economic resilience. In addition, clusters of keywords that form individual scientific directions within the analyzed issues were visualized. Analysis of the connections of individual keywords made it possible to identify the factors of regional sustainability most often analyzed by researchers (economic specialization/diversification of the regional economy, institutions, entrepreneurship, innovation, and others). The results of the study expand the understanding of the conceptual approach to regional economic resilience by presenting a holistic view of the problem, identifying and summarizing the various approaches of the authors, and presenting the structure of knowledge in this problem field. Economic resilience is seen not only as the ability of an economy to withstand shocks and recover quickly, but also as the ability of an economy to adapt to constant environmental and social changes. Sustainability is the result of the interaction of internal and external key participants in regional economic systems (economic entities, decision makers, representatives of society), in conjunction with the internal structure of the regional economy and regional potential (resources and human capital).
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