Russian Business under Economic Sanctions: Is There Regional Heterogeneity?
MPRA Paper from University Library of Munich, Germany
The sanctions against Russia, beginning in early 2014, provide us with a unique opportunity to study whether, and how sanctions affect a vast territorial global superpower. This study attempts to empirically examine the economic impact of this event, paying particular attention to the existence or nonexistence of its regional heterogeneity. For these purposes, this study used a dataset from a survey that asked the executive managers of Russian regional companies to assess the impact on their management activities in late 2015. The key findings are as follows. First, approximately half of those interviewed perceived the economic sanctions as having a negative impact. Second, no regional variations in the impact of the sanctions could be found. It follows that financial sanctions, aimed at an entire nation, exert a significant and geographically uniform impact. Moreover, even regional businesses near the Asia-Pacific region, holding strong connections with Asian countries, cannot avoid its impact.
Keywords: economic sanctions; enterprise survey; Far East; Russian economy (search for similar items in EconPapers)
JEL-codes: F51 M21 P27 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-sea and nep-tra
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Working Paper: Russian Business under Economic Sanctions: Is There Regional Heterogeneity? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:93817
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