Response of micro, small, and medium-sized companies to the sanctions: Evidence from the Russian regions

Alina Urazbaeva ()
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Alina Urazbaeva: HSE University, Moscow, Russia

Applied Econometrics, 2025, vol. 78, 50-65

Abstract: The study objective is to estimate the change in the number of micro-, small-, and medium-sized companies in response to the sanctions imposed on the region of their registration. The estimated dose-response functions indicate that greater exposure to sanctions leads to a greater change in the number of enterprises. Extractive and agricultural regions were less affected by the sanctions, while small and medium-sized companies in manufacturing and service sector regions experienced growth. The findings are essential for regional policymaking in supporting business growth.

Keywords: sanctions; Russia; MSMEs; dose-response function; regional specialisation (search for similar items in EconPapers)
JEL-codes: C21 M13 R11 R15 (search for similar items in EconPapers)
Date: 2025
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