IDEAS home Printed from https://ideas.repec.org/a/url/izvest/v23y2022i4p26-45.html
   My bibliography  Save this article

System resilience of industry to the sanctions pressure in industrial regions: Assessment and outlook

Author

Listed:
  • Viktoria V. Akberdina

    (Institute of Economics, Ural branch of RAS, Ekaterinburg, Russia)

Abstract

Geopolitical circumstances have drastically modified the development scenario of Russia’s industry and the conditions for functioning of industrial regions. The paper studies the factors determining the system resilience of Russia’s industry and the industry of the Greater Urals’ regions under the anti-Russian sanctions. Methodologically, the research rests on the theories of wave and systems dynamics, in the context of which it provides insight into the concepts “shock”, “turbulence”, “system resilience” and “resilience”, justifies the division of resilience factors into ‘innate’ ones conditioned by the emerged internal structure, and ‘adaptive’ ones connected with the implementation of industrial policy. The paper compares the factors behind the system resilience of the economies of Russia and its industrial regions for two periods, 2014–2015 and the first half of 2022, which feature identical external conditions, namely, the imposition of sanctions against Russia’s industry by foreign countries. The Greater Urals is taken as a representative industrial macroterritory that includes industrial regions of different types: industrial, resource, resource-industrial and agro-industrial. The evidence comes from the Federal Customs Service and the Federal State Statistics Service of the Russian Federation, including the data on the national imports and exports for 2013–2021 and the data on national and the Greater Urals’ industrial production output and indices for 2013–2021 and the first half of 2022, respectively. According to the findings, the 2014–2015 wave of sanctions did not provoke a serious crisis in regional industry in the Greater Urals, but created conditions for reducing import dependence, localising production within the region, optimising the structure and vector of foreign trade activities of industrial enterprises. However, the resilience factors, which were resourceful during the first wave, turned out to be insufficient for overcoming the crisis in 2022. The paper concludes that today the most relevant factors for industry are ‘adaptive’ resilience factors related to the implementation of the federal and regional industrial policy and in line with this provides potential avenues for increasing the system resilience of industry in Russia and its regions.

Suggested Citation

  • Viktoria V. Akberdina, 2022. "System resilience of industry to the sanctions pressure in industrial regions: Assessment and outlook," Journal of New Economy, Ural State University of Economics, vol. 23(4), pages 26-45, January.
    • Handle: RePEc:url:izvest:v:23:y:2022:i:4:p:26-45
    DOI: 10.29141/2658-5081-2022-23-4-2
    as

    Download full text from publisher

    File URL: https://jne.usue.ru/images/download/97/en/2.pdf
    Download Restriction: no
    File URL: https://jne.usue.ru/en/issues-2022/1220
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2658-5081-2022-23-4-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
    2. Audretsch, David B. & Lehmann, Erik E., 2016. "The Seven Secrets of Germany: Economic Resilience in an Era of Global Turbulence," OUP Catalogue, Oxford University Press, number 9780190258696.
    3. Sara Davies, 2011. "Regional resilience in the 2008--2010 downturn: comparative evidence from European countries," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 4(3), pages 369-382.
    4. Bernard Fingleton & Harry Garretsen & Ron Martin, 2012. "Recessionary Shocks And Regional Employment: Evidence On The Resilience Of U.K. Regions," Journal of Regional Science, Wiley Blackwell, vol. 52(1), pages 109-133, February.
    5. Abhirup Chakrabarti, 2015. "Organizational adaptation in an economic shock: The role of growth reconfiguration," Strategic Management Journal, Wiley Blackwell, vol. 36(11), pages 1717-1738, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Suat Tuysuz & Tüzin Baycan & Fatih Altuğ, 2022. "Economic impact of the COVID-19 outbreak in Turkey: analysis of vulnerability and resilience of regions and diversely affected economic sectors," Asia-Pacific Journal of Regional Science, Springer, vol. 6(3), pages 1133-1158, October.
    2. Ifrim, Mihaela & Lazorec, Maria & Pintilescu, Carmen, 2022. "Assessing the economic resilience in central and eastern EU countries. A multidimensional approach," MPRA Paper 117912, University Library of Munich, Germany.
    3. Martini, Barbara, 2020. "Resilience and economic structure. Are they related?," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 62-91.
    4. Linus Holtermann & Christian Hundt, 2018. "Hierarchically structured determinants and phase related patterns of economic resilience. An empirical case study for European regions," Working Papers on Innovation and Space 2018-02, Philipps University Marburg, Department of Geography.
    5. Luca Salvati, 2016. "The Dark Side of the Crisis: Disparities in per Capita income (2000–12) and the Urban-Rural Gradient in Greece," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 107(5), pages 628-641, December.
    6. Ron Boschma, 2015. "Towards an Evolutionary Perspective on Regional Resilience," Regional Studies, Taylor & Francis Journals, vol. 49(5), pages 733-751, May.
    7. Ayda Eraydin, 2014. "The importance of endogenous capacities and government support in the resilience of regions," ERSA conference papers ersa14p1308, European Regional Science Association.
    8. Jing Xiao & Ron Boschma & Martin Andersson, 2018. "Resilience in the European Union: the effect of the 2008 crisis on the ability of regions in Europe to develop new industrial specializations," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(1), pages 15-47.
    9. Yannis Psycharis & Dimitris Kallioras & Panagiotis Pantazis, 2014. "Economic crisis and regional resilience: detecting the ‘geographical footprint’ of economic crisis in Greece," Regional Science Policy & Practice, Wiley Blackwell, vol. 6(2), pages 121-141, June.
    10. Luca Salvati & Margherita Carlucci & Giuseppe Venanzoni, 2017. "Recession, resilience, local labour markets: wealthier is better?," Letters in Spatial and Resource Sciences, Springer, vol. 10(2), pages 177-204, July.
    11. Justin Doran & Bernard Fingleton, 2016. "Employment Resilience in Europe and the 2008 Economic Crisis: Insights from Micro-Level Data," Regional Studies, Taylor & Francis Journals, vol. 50(4), pages 644-656, April.
    12. Chacon-Hurtado, Davis & Kumar, Indraneel & Gkritza, Konstantina & Fricker, Jon D. & Beaulieu, Lionel J., 2020. "The role of transportation accessibility in regional economic resilience," Journal of Transport Geography, Elsevier, vol. 84(C).
    13. Giuseppe Terzo, 2021. "Social capital, social economy and economic resilience of Italian provinces," Papers in Regional Science, Wiley Blackwell, vol. 100(5), pages 1113-1135, October.
    14. Philip Watson & Steven Deller, 2022. "Tourism and economic resilience," Tourism Economics, , vol. 28(5), pages 1193-1215, August.
    15. Yang, Yang & Lin, Zibo & Xu, Zhaoyi & Liu, Shuwen, 2024. "The impact of digital finance on regional economic resilience," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    16. Yicheol Han & Stephan J. Goetz, 2015. "The Economic Resilience of U.S. Counties during the Great Recession," The Review of Regional Studies, Southern Regional Science Association, vol. 45(2), pages 131-149, Fall.
    17. Marco Modica & Aura Reggiani, 2015. "Spatial Economic Resilience: Overview and Perspectives," Networks and Spatial Economics, Springer, vol. 15(2), pages 211-233, June.
    18. Justin Doran & Bernard Fingleton, 2014. "Economic shocks and growth: Spatio-temporal perspectives on Europe's economies in a time of crisis," Papers in Regional Science, Wiley Blackwell, vol. 93, pages 137-165, November.
    19. Marina Capparucci & Emanuela Ghignoni & Alina Verashchagina & Natalia Vorozhbit, 2015. "The Drivers of Innovation in the Italian Manufacturing Sector," Economia & lavoro, Carocci editore, issue 3, pages 111-128.
    20. Ugo Fratesi & Andrés Rodríguez-Pose, 2016. "The crisis and regional employment in Europe: what role for sheltered economies?," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(1), pages 33-57.

    More about this item

    Keywords

    system resilience; resilience; sanctions; industry; industrial region; the Greater Urals;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:url:izvest:v:23:y:2022:i:4:p:26-45. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Blaginin (email available below). General contact details of provider: https://edirc.repec.org/data/usueeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.