Sadegh Bakhtiari; Farzam Sajjadieh
Abstract
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 ...
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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.
