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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]

Author

Listed:
  • 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)

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.

Suggested Citation

  • Dmitrii Yu. Zemlianskii & Leonid V. Kalinovskii & Darina M. Medvednikova & Valeriia A. Chuzhenkova, 2022. "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 Реги," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 4-14, April.
    • Handle: RePEc:gai:recdev:r2231
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    References listed on IDEAS

    as
    1. N. Zubarevich., 2015. "Regional Dimension of the New Russian Crisis," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
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    Cited by:

    1. Zemtsov, S. & Voloshinskaya, A., 2024. "Russian regional resilience under sanctions," Journal of the New Economic Association, New Economic Association, vol. 64(3), pages 54-83.

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    More about this item

    Keywords

    foreign companies; foreign capital; economic risks; regional development; regional economy; labour market; sanctions; unfriendly countries; scenario assessment;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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