Adaptation of the Spatial Structure of the Russian Economy to External Shocks

N. N. Mikheeva ()
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N. N. Mikheeva: Institute for Economic Forecasting, Russian Academy of Sciences

Studies on Russian Economic Development, 2023, vol. 34, issue 6, 871-879

Abstract: Abstract— The article presents the results of the analysis of shifts in the spatial structure of production occurring under the influence of external shocks. The consequences for the regional dynamics of the shock from the introduction of economic sanctions after the annexation of Crimea and Sevastopol to Russia and the fall in energy prices, as well as the shock caused by lockdowns during the coronavirus pandemic in 2020 are examined. It is shown that in 2021 the consequences of both shocks were overcome. In the process of adapting the spatial structure, there was a further shift in production to the western regions of the country. The growth drivers in the regions were the service sector and the manufacturing industry. The growth in the production of manufacturing industries in all federal districts was accompanied by a decrease in the share of high-tech and medium-tech high-level industries in the processing structure. It is shown that under the influence of shocks, the spatial structure of production changes in the direction opposite to the priorities of regional development stated in official documents.

Keywords: spatial structure; external shocks; economic sanctions; economic adaptation; growth drivers; service sector; manufacturing industries (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1134/S1075700723060096

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