Resilience of the Russian Regional Economies to the 2020 Pandemic
Marina Yurievna Malkina ()
Additional contact information
Marina Yurievna Malkina: Lobachevsky State University of Nizhni Novgorod
Spatial Economics=Prostranstvennaya Ekonomika, 2022, issue 1, 101-124
The study is devoted to assessing the resilience of Russian regions’ economies to the 2020 pandemic and analysing its factors. We evaluate the regional economies’ resilience using a set of per capita indicators, such as budget revenues and household incomes, production in the main sectors of the economy, and investments in fixed assets. We use two alternative methods for assessing the resilience of a region to an external shock: the modified method of R. Martin and R. Lagravinese, based on a comparison of regional trends with country-wide ones, and the author’s approach, based on a comparison of pandemic indicators with non-pandemic forecasts of the region. All particular resilience indicators are normalized and reduced to an integral indicator. The study revealed the most significant resilience to the pandemic of some underdeveloped Russian regions, which received substantial government support and several border territories and Far Eastern regions, which benefited from the increase in metal prices. The more developed and large economies and the centres of the extractive industry demonstrated the lowest resilience. The calculation of correlations between resilience indices and regional development indicators confirmed the impact of the sectoral and institutional structure of the economy on its resistance to the shock. By building an econometric model estimated by the OLS method, we confirmed the positive impact of the share of employment in government-owned and municipal enterprises and the negative impact of the degree of openness, the size of the economy and the share of the mining industry on the regional economies’ resilience. The conducted research is applicable in developing a balanced inter-budgetary, regional and sectoral policy in the context of economic crises of a pandemic type
Keywords: region; resilience; pandemic 2020; assessment; factors; Russia (search for similar items in EconPapers)
JEL-codes: C10 E32 R11 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.spatial-economics.com/images/spatial-ec ... .101-124.Malkina.pdf (application/pdf)
http://spatial-economics.com/eng/arkhiv-nomerov/20 ... 34-SE-2022-1-101-124 (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2022:i:1:p:101-124
Access Statistics for this article
Spatial Economics=Prostranstvennaya Ekonomika is currently edited by Pavel Minakir
More articles in Spatial Economics=Prostranstvennaya Ekonomika from Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia) Contact information at EDIRC.
Bibliographic data for series maintained by Sergey Rogov ().