By applying the smile curve concept to regional value added growth rather than to levels, the paper claims that local value-added growth increases when a region is specialised in scarce natural resources or scarce human skills within a GVC. Under these circumstances, in fact, the region can...

This paper develops a theoretical model for the conceptualization and empirical analysis of regional economic resilience. Our production function framework is applied to empirically assess the effect of pre-crisis conditions on regional resilience accounting for exogenous changes in technology...