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Resilience of the Russian Regional Economies to the 2020 Pandemic

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  • Marina Yurievna Malkina

    (Lobachevsky State University of Nizhni Novgorod)

Abstract

The study is devoted to assessing the resilience of Russian regions’ economies to the 2020 pandemic and analysing its factors. We evaluate the regional economies’ resilience using a set of per capita indicators, such as budget revenues and household incomes, production in the main sectors of the economy, and investments in fixed assets. We use two alternative methods for assessing the resilience of a region to an external shock: the modified method of R. Martin and R. Lagravinese, based on a comparison of regional trends with country-wide ones, and the author’s approach, based on a comparison of pandemic indicators with non-pandemic forecasts of the region. All particular resilience indicators are normalized and reduced to an integral indicator. The study revealed the most significant resilience to the pandemic of some underdeveloped Russian regions, which received substantial government support and several border territories and Far Eastern regions, which benefited from the increase in metal prices. The more developed and large economies and the centres of the extractive industry demonstrated the lowest resilience. The calculation of correlations between resilience indices and regional development indicators confirmed the impact of the sectoral and institutional structure of the economy on its resistance to the shock. By building an econometric model estimated by the OLS method, we confirmed the positive impact of the share of employment in government-owned and municipal enterprises and the negative impact of the degree of openness, the size of the economy and the share of the mining industry on the regional economies’ resilience. The conducted research is applicable in developing a balanced inter-budgetary, regional and sectoral policy in the context of economic crises of a pandemic type

Suggested Citation

  • Marina Yurievna Malkina, 2022. "Resilience of the Russian Regional Economies to the 2020 Pandemic," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 101-124.
    • Handle: RePEc:far:spaeco:y:2022:i:1:p:101-124
    DOI: https://dx.doi.org/10.14530/se.2022.1.101-124
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    References listed on IDEAS

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    1. Stefan P. T. Groot & J. L. Möhlmann & J. H. Garretsen & Henri L. F. de Groot, 2011. "The crisis sensitivity of European countries and regions: stylized facts and spatial heterogeneity," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 4(3), pages 437-456.
    2. Ron Boschma, 2015. "Towards an Evolutionary Perspective on Regional Resilience," Regional Studies, Taylor & Francis Journals, vol. 49(5), pages 733-751, May.
    3. Shirov, A., 2021. "The pandemic crisis: The mechanisms of development and solutions for economic policy," Journal of the New Economic Association, New Economic Association, vol. 49(1), pages 209-216.
    4. Klimanov, Vladimir (Климанов, Владимир) & Kazakova, Sofia (Казакова, Софья) & Mikhaylova, Anna (Михайлова, Анна), 2018. "Regional Resilience: Theoretical Basics of the Question [Региональная Резилиентность: Теоретические Основы Постановки Вопроса]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 164-187, December.
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    Cited by:

    1. Olga Mikhailovna Prokapalo & Anna Borisovna Bardal & Marina Gamilovna Mazitova & Denis Vladimirovich Suslov, 2022. "Economic Situation in the Far Eastern Federal District in 2021," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 135-182.

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    More about this item

    Keywords

    region; resilience; pandemic 2020; assessment; factors; Russia;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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