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Exploring The Economic Resilience In The United States Through State Gdp Output, Mariya Pominova

Honors College

Economic resilience is a rising topic in the field of economics. Although there is no standard definition, most literature suggests that the concept of regional economic resilience converged to encapsulate a region’s ability to resist, recover from, and restructure itself after an economic or environmental shock. There are a multitude of methods in the literature used to measure economic resilience. All of these methods utilize either GDP, employment, or a combination of both. While both GDP and employment cycles are powerful tools for measuring the impact of a recession on an economy, they measure vastly different things and neither fully …