Risk Assessment of Foreign Companies' Withdrawal for the Economy and Labor Markets of Russian Regions

Оценка рисков приостановки деятельности иностранных компаний для экономики и рынков труда регионов России

Dmitrii Yu. Zemlianskii, Leonid V. Kalinovskii, Darina M. Medvednikova and Valeriia A. Chuzhenkova
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Dmitrii Yu. Zemlianskii: Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University
Leonid V. Kalinovskii: Russian Presidential Academy of National Economy and Public Administration
Darina M. Medvednikova: Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University
Valeriia A. Chuzhenkova: Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University

Russian Economic Development, 2022, issue 4, 4-14

Abstract: Possible risks and consequences of the withdrawal of foreign companies, operating in Russia, for the production activity and labor market of Russian regions are analyzed in the article (analysis is based on Rosstat data). It has been revealed that if 50% of organizations with foreign and joint ownership, operating in the Russian Federation, suspend their activities, the number of unemployed in 21 regions may increase by more than 1.5 times. The monthly downtime of half of the organizations with foreign and joint ownership can lead to a decrease in the annual turnover of organizations by 3% or more also in 21 subjects of the Russian Federation at once. The list of regions, which are most at risk of foreign companies’ withdrawal, has been determined. It includes Moscow and St. Petersburg; Moscow, Leningrad, Samara, Nizhny Novgorod, Kaluga, Vladimir, Kostroma, Arkhangelsk, Sverdlovsk regions; Krasnodar Territory and the Republic of Tatarstan. The article was prepared as part of the research work of the state task of the Russian Presidential Academy of National Economy and Public Administration.

Keywords: foreign companies; foreign capital; economic risks; regional development; regional economy; labour market; sanctions; unfriendly countries; scenario assessment (search for similar items in EconPapers)
JEL-codes: H12 R11 R23 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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