Regional Economy in 2020: the Pandemic Has Created Problems in Resource-producing Regions and Large Cities

Региональные экономики в 2020 г.: пандемия создала проблемы в ресурсодобывающих регионах и крупных городах

Zubarevich Natalia
Additional contact information
Zubarevich Natalia: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2021, issue 4, 81-85

Abstract: The COVID-19 crisis has had the greatest impact on resource-producing regions and large cities boasting a developed service sector. The decline in investment was coupled by their concentration in the capital and in the leading regions of hydrocarbon production. The increase in registered unemployment was universal, and the subsequent decline in its level varied greatly by region. A large-scale increase in federal transfers helped increase regional budget revenues, but increased spending led to budget deficits in most regions and increased debt.

Keywords: regions; resource extractive regions; socio-economic situation of regions; pandemic (search for similar items in EconPapers)
JEL-codes: H72 P25 Q32 R11 R51 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.iep.ru/files/RePEc/gai/recdev/r2148.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:r2148

Access Statistics for this article

Russian Economic Development is currently edited by Alexei Vedev

More articles in Russian Economic Development from Gaidar Institute for Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Olga Beloborodova ( this e-mail address is bad, please contact ).