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As recovery from the Great Recession continues, economic development scholars and practitioners are again focused on the pace and the sustainability of recovery, as well as on efforts to minimise the severity of future downturns. This paper contributes to the literature by exploring the relationship between industry diversity and economic resilience over time. Using fixed effects models with data from the Bureau of Labour Statistics and the Census Bureau, the paper examines the influence of industrial diversity and concentration on unemployment rate stability in Ohio counties between 1977 and 2011. Results indicate that while more concentrated counties had lower unemployment rates when times were good, counties with more diverse industry structures fared better during times of national or local employment shocks. The paper also finds that there is a relationship between concentration in particular industries and the ability to withstand a shock changes over the 35 years examined, thus highlighting the need to take care when interpreting findings over shorter periods and the need to consider the particular industry of dependence. While local policymakers have little ability to affect industrial concentration in the short run, the paper recommends that highly concentrated counties adopt policies that may help buffer their economies to effects of negative shocks. [ABSTRACT FROM AUTHOR]

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One of the most striking political developments occurring during the Great Recession has been the growth of the radical left in some European countries. Though the literature is far from conclusive, it has generally been argued that the economy is not a main reason driving people's support for non-mainstream parties (particularly the Greens and the radical right). In this article, we contend that this is not the case for radical left parties (RLPs), which despite pursuing other agendas do still compete very strongly on economic issues. Using individual-level data for 56 elections taking place between 1996 and 2016 in 15 European countries, we find a positive effect of unemployment on support for RLPs, and only very weak evidence that this effect depends on voters' ideology or whether the mainstream (Social Democrats) left is in office. We conclude that unemployment enables the radical left to increase its support regardless of the political context but does not significantly change by itself the ideological makeup of its electorate. [ABSTRACT FROM AUTHOR]