In a connected global economy, individual regions and local labor markets face complex challenges that impact their economic stability and resilience. It appears that some regions are more resistant to economic shocks than others, and this is not solely due to their size or resource availability. In their recent blogpost, Zoltán Elekes and Gergő Tóth summarize their research in collaboration with Rikard Eriksson from Umea University that sheds light on a critical factor influencing regional resilience: the structure of local labor markets and how labor flows between industries. They examines the network of labor flows between industries in Sweden's local labor markets and how these networks contribute to economic resilience, especially during crises similar to the 2008 financial crisis.

Read the blogpost in Hungarian on this LINK or the full paper HERE.

Elekes, Z., Tóth, G., & Eriksson, R. (2024). Regional resilience and the network structure of inter-industry labour flows. Regional Studies, 1–15. https://doi.org/10.1080/00343404.2024.2355993