THE RELEVANCE OF TERRITORIAL CAPITAL FOR REGIONAL ECONOMIC RESILIENCE: A REVIEW OF CONCEPTUAL ISSUES

This paper attempts to scrutinize the conceptual issues regarding the role of territorial capital in the emergence of a strong, competitive, and sustainable economy, or, in other words, in cushioning regional resilience, ‘a term invoked to describe how an entity or system responds to shocks and disturbances.’ To this end, the review focuses on conceptual issues related to the influences of territorial assets on strengthening competitive positions at both firm and regional level with the goal of ultimately placing the use of territorial assets within a deliberate policy framework aimed at achieving economic resilience.