Theoretical and Empirical Analysis of Economic Resilience Index

نویسندگان

1 Department of Economics, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran.

2 Department of Economics, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran.

doi
10.22099/ijes.2018.26980.1371
چکیده

Resilience is defined in different ways by different disciplines and different authors but in general resilience may be defined as the ability of a system and its component parts to anticipate, absorb, accommodate, or recover from the effects of a hazardous event in a timely and efficient manner. Resilience is applicable at the micro as macro level, and for this reason, is sometimes defined as the ability of an individual, a household (micro level), a community, a country or a region (macro level) to withstand, cope, adapt, and quickly recover from shocks without compromising long-term development. In this paper economic resilience is defined as the capacity of an economy to resist shocks and withstand the effects of a shock and to avoid the shock altogether. The paper tries to follow the UNDP procedure in presenting Human Development Index , so the same procedure will be followed to provide an Economic Resilience Index (ERI). This resilience index will be applied for a group of developing countries including Iran and the finding will be analyzed.

کلیدواژه‌ها