React to Resist: Regional Resilience and Innovation in Times of Shock
Resilience, Regional Resilience, Innovation
The ability of regional economies to deal with shocks has been repeatedly tested. For example, we may cite the global financial crisis of 2008-2010, the Brazilian political-economic crisis of 2014-2015, and the decline in wealth generation and employment levels resulting from the COVID-19 pandemic. In times of stress, understanding why some regions are less affected or recover faster than others may provide a basis for public and private managers to act. In this context, innovation and the capacity to innovate have been identified as possible predictors of regional resilience. However, innovation dynamics and regional actors' roles have been neglected. So, this research aims to describe the role of innovation in reaction to shocks and the relationship of firms with support institutions in regional resilience. The desired theoretical contribution refers to the verification of the thesis that support institutions act as catalysts of the relationship between innovation and resilience. Considering possible practical implications, directing the vision towards the introduction of new or improved products and processes enables immediate actions in response to shocks. Furthermore, the project is related to three goals of sustainable development proposed by the United Nations.