Content №4 от 2025
Factors of Economic Resilience of Russian Regions During the Crises of 2009, 2014, and 2020
The article analyzes the factors that contributed to the economic resilience demonstrated by Russian regions during the periods of crisis experienced in 2009, 2015, and 2020. The objective of the present study is to identify the universal factors that affect the resilience of regional economies to crises. This is of significant importance for the development of effective regional development strategies. The primary hypothesis assumes that structural features of the economy, including diversification and sectoral specialization, play a key role in ensuring shock resilience. The impact of other factors that have been examined in this study is contingent upon the nature of the crisis under consideration. In order to test the hypotheses, econometric analysis tools were utilized, with data from Rosstat and EMISS being employed.
The findings indicated that the sectoral composition exerts a substantial influence on economic resilience. The impact of specialization in the extractive industries is contingent upon the nature of the prevailing crisis, while the openness of the regional economy serves to augment its vulnerability to crisis. The relatively high proportion of agriculture and the public sector in the economy has a stabilizing effect on the state of regional economies. The findings of this study indicate that economic diversification does not demonstrate a statistically significant relationship with resilience. However, it is hypothesized that it can have a mitigating effect on economic dynamics during a crisis. While the findings of the analysis indicate the presence of factors most frequently associated with the magnitude of the downturn in regional economies, it was not possible to identify statistically significant universal factors of resilience.
The results obtained are applicable to the development of anti-crisis policies and regional development strategies. The conclusions emphasize the need to support diversification and innovation in order to enhance the adaptive resilience of regions, as well as the development of interregional ties and the institutional environment.
