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Russian Business under Economic Sanctions: Is There Regional Heterogeneity?

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  • Yoshisada Shida

    (Economic Research Institute for Northeast Asia (ERINA))

Abstract

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 inexistence 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, institutional-framework 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.

Suggested Citation

  • Yoshisada Shida, 2019. "Russian Business under Economic Sanctions: Is There Regional Heterogeneity?," Discussion papers 1903e, ERINA - Economic Research Institute for Northeast Asia.
    • Handle: RePEc:eri:dpaper:1903e
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    References listed on IDEAS

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    1. Vladimir Mau, 2016. "Between crises and sanctions: economic policy of the Russian Federation," Post-Soviet Affairs, Taylor & Francis Journals, vol. 32(4), pages 350-377, July.
    2. 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. Gordeev, Roman, 2020. "Comparative advantages of Russian forest products on the global market," Forest Policy and Economics, Elsevier, vol. 119(C).
    2. Ichiro Iwasaki & Byung-Yeon Kim, 2020. "Legal forms, organizational architecture, and firm failure: a large survival analysis of Russian corporations," European Journal of Law and Economics, Springer, vol. 49(2), pages 227-275, April.
    3. Ichiro Iwasaki & Byung-Yeon Kim, 2020. "Legal forms, organizational architecture, and firm failure: a large survival analysis of Russian corporations," European Journal of Law and Economics, Springer, vol. 49(2), pages 227-275, April.

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    More about this item

    Keywords

    economic sanctions; enterprise survey; Far East; Russian economy;
    All these keywords.

    JEL classification:

    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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