Measuring Community Economic Resilience in Australia: Estimates of Recent Levels and Trends

Huong DINH, Ben FREYENS, Anne DALY, Yogi VIDYATTAMA

    Research output: Contribution to journalArticle

    Abstract

    We measure changes in community economic resilience (CER) across geo-locations in Australia between 2006 and 2011, a time span characterised by major natural and economic shocks. We build an index of potential CER that captures communities’ stocks of human, social, natural, physical and financial capitals, levels of economic diversity and accessibility to service centres. Using Census data and the ARIA index, we resort to principal component analysis to generate CER indexes at statistical area level 1, which is our community proxy. Our analysis of index values provides a number of useful insights. First, there was a statistically significant improvement over time in the overall CER index in all states and regions. Second, our CER measures improved at a different pace across regions and states while their rank remained mostly unchanged. Third, CER improved over time in social and physical capital and accessibility terms, but declined in human, natural, financial capital and diversity terms. Fourth, communities with a high economic diversity level reported higher capital stock except for natural capital, and communities with a low accessibility level had lower capital stock except for social and natural capital. Finally, CER has a long-term positive association with household income.
    Original languageEnglish
    Pages (from-to)1217-1236
    Number of pages20
    JournalSocial Indicators Research
    Volume132
    Issue number3
    Early online date20 May 2016
    DOIs
    Publication statusPublished - 2017

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    resilience
    Economics
    trend
    community
    economics
    finance
    Resilience
    household income
    census
    Proxy
    Censuses
    Principal Component Analysis
    Shock

    Cite this

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    title = "Measuring Community Economic Resilience in Australia: Estimates of Recent Levels and Trends",
    abstract = "We measure changes in community economic resilience (CER) across geo-locations in Australia between 2006 and 2011, a time span characterised by major natural and economic shocks. We build an index of potential CER that captures communities’ stocks of human, social, natural, physical and financial capitals, levels of economic diversity and accessibility to service centres. Using Census data and the ARIA index, we resort to principal component analysis to generate CER indexes at statistical area level 1, which is our community proxy. Our analysis of index values provides a number of useful insights. First, there was a statistically significant improvement over time in the overall CER index in all states and regions. Second, our CER measures improved at a different pace across regions and states while their rank remained mostly unchanged. Third, CER improved over time in social and physical capital and accessibility terms, but declined in human, natural, financial capital and diversity terms. Fourth, communities with a high economic diversity level reported higher capital stock except for natural capital, and communities with a low accessibility level had lower capital stock except for social and natural capital. Finally, CER has a long-term positive association with household income.",
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    Measuring Community Economic Resilience in Australia: Estimates of Recent Levels and Trends. / DINH, Huong; FREYENS, Ben; DALY, Anne; VIDYATTAMA, Yogi.

    In: Social Indicators Research, Vol. 132, No. 3, 2017, p. 1217-1236.

    Research output: Contribution to journalArticle

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