THE MODEL OF RELATIONSHIP BETWEEN ECONOMIC AND INSTITUTIONAL RESILIENCE BASED ON A STAGED CRITICAL REVIEW OF LITERATURE

The present study aims to investigate the relationship between institutional resilience and economic resilience by addressing questions about the key institutional variables and actors that are important for economic resilience, and by proposing a theoretical model that illustrates the relationship between institutional and economic resilience elements. To achieve these objectives, a staged literature review method was employed. The predominant approach for analyzing the literature consisted of two approaches: the research agenda-based approach and alternative models, in which the first approach involved categorizing the necessary variables and important actors in institutional and economic resilience, and the second approach involved critically reviewing and continuously comparing the results of the conceptual model related to the relationships between variables. The research findings showed that the important variables related to institutional resilience and economic resilience fall into three categories: economic institutions, which are responsible for facilitating and monitoring economic interactions; governance, which is responsible for policy-making, implementation, and resource management; and legal frameworks, which provide supportive and legal platforms for the better functioning of managerial and economic institutions. The conceptual framework identifies three dimensions: intra-systemic, extra-systemic, and meta-systemic. These dimensions’ focus on internal institutional elements, communication and coordination with higher levels of governance, and meta-systemic institutions that facilitate interaction. The framework enhances understanding and analysis of institutional and economic resilience in cities.