In the section | Articles |
Title of the article | Industry of Russian Regions Under New Anti-Russian Sanctions |
Pages | 39-66 |
Author | Marina Yurievna Malkina Doctor of Economics, Professor Lobachevsky State University of Nizhni Novgorod 7 Universitetsky Per., Nizhni Novgorod, 603000, Russian Federation This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0002-3152-3934 |
Abstract | The study is devoted to the analysis of the rates and factors of industrial growth in Russian regions during the period of the Special Military Operation and new anti-Russian sanctions in 2022–2023. The research used cartographic, comparative, correlation analysis, and econometric modeling. The study showed multidirectional growth trends in the mining and manufacturing industries in Russian regions in 2022 and 2023, as well as different patterns of Russian regions during the period of new anti-Russian sanctions. Interregional differences in the growth rates of industry and its main sectors, both during the period of stagnation (2022) and moderate growth (2023), turned out to be huge. Over two years, the gap in industrial growth rates ranged from –26.8% in the Kaliningrad region to +38.3% in the Bryansk region. Using correlation and regression analysis, the influence of five groups of factors on the dynamics of industrial production in Russian regions was tested. Econometric analysis showed a statistically significant positive impact of the quality of human capital, as well as the share of the communications and telecommunications industry in gross value added on the growth of industrial production in Russian regions in both 2022 and 2023, and a negative impact on this growth of the degree of openness of the economy, expressed in the dependence on imports, exports and foreign investment, although the importance of these factors has varied over time. State participation in the economy, manifested in the share of state ownership and growth in budget expenditures, has become a more prominent factor in industrial growth in 2023. In the same year, the share of the private sector ceased to be a significant factor in the reduction in industrial growth rates, as it was in 2022. In 2023, an important factor in industrial growth was the share of manufacturing industries in the region’s GRP |
Code | 330.36+332.14 |
JEL | R12, O18, С40 |
DOI | https://dx.doi.org/10.14530/se.2024.3.039-066 |
Keywords | new anti-Russian sanctions, regions of the Russian Federation, mining and manufacturing industries, industrial growth factors, econometric modelling |
Download | SE.2024.3.039-066.Malkina.pdf |
For citation | Malkina M.Yu. Industry of Russian Regions Under New Anti-Russian Sanctions. Prostranstvennaya Ekonomika = Spatial Economics, 2024, vol. 20, no. 3, pp. 39–66. https://dx.doi.org/10.14530/se.2024.3.039-066 (In Russian) |
References | 1. Adaptation of Russian Industrial Companies to Sanctions: First Steps and Expectations. Head of the Author’s Team: Yu.V. Simachev, A.A. Yakovlev. National Research University Higher School of Economics. Moscow: HSE, 2023, 38 p. (In Russian). 2. Akberdina V.V. System Resilience of Industry to the Sanctions Pressure in Industrial Regions: Assessment and Outlook. Journal of New Economy, 2022, vol. 23, no. 4, pp. 26–45. 3. Atlas of Economic Specialisation of Russian Regions. National Research University Higher School of Economics. Moscow, 2021, 264 p. Available at: 4. Bailey D., Crescenzi R., Roller E., Anguelovski I., Datta A., Harrison J. Regions in Covid-19 Recovery. Regional Studies, 2021, vol. 55, issue 12, pp. 1955–1965. 5. Chernova O.A. The Resilience of Russia’s Regions in the Conditions of Recovery Growth: Bouncing Forward or Bouncing Back? Journal of Applied Economic Research, 2023, vol. 22, no. 2, pp. 381–403. 6. Dorzhieva V.V. External Constraints on Digital Industrial Transformation and Industrial Policy. Voprosy Innovatsionnoy Ekonomiki = Russian Journal of Innovation Economic, 2023, vol. 13, no. 2, pp. 637–648. https://dx.doi.org/10.18334/vinec.13.2.117692 (In Russian). 7. Fedyunina A.A., Simachev Yu.V., Drapkin I.M. Intensive and Extensive Margins of Export: Determinants of Economic Growth in Russian Regions under Sanctions. Ekonomika Regiona = Economy of Region, 2023, vol. 19, no. 3, pp. 884–897. 8. Fedyunina A.A., Yurevich M.A., Gorodny N.A. Pandemic, Sanctions and Anxiety in Russia’s Regions: Business Expectations Nowcasting. Voprosy Ekonomiki [Economic Issues], 2024, no. 3, pp. 96–119. 9. Galtseva N.V., Sharypova О.А. Russia’s Gold Mining Industry: Sanctions Shocks. Prostranstvennaya Ekonomika = Spatial Economics, 2023, vol. 19, no. 2, pp. 70–93. https://dx.doi.org/10.14530/se.2023.2.070-093 (In Russian). 10. Golikova V.V., Kuznetsov B.V. What Waits us Tomorrow: What Branches will be Hit by Supplies’ Sanctions of Technological Equipment to Russia? Zhurnal Novoy Ekonomicheskoy Assotsiatsii = Journal of the New Economic Association, 2023, no. 3 (60), pp. 187–196. https://dx.doi.org/10.31737/22212264_2023_3_187-196 (In Russian). 11. Gusev A.B., Yurevich M.A. The Sovereignty of Russia in the Area of Pharmaceuticals: Challenges and Opportunities. Terra Economicus, 2023, vol. 21, no. 3, pp. 17–31. 12. Kapoguzov E.A. Import Dependency of the Russian Civil Aviation Industry: Development Prospects in the Light of ‘Sanctions 2022’. Vestnik Tomskogo Gosudarstvennogo Universiteta. Ekonomika = Tomsk State University Journal of Economics, 2022, no. 58, pp. 58–76. 13. Kaukin A.S., Miller E.M., Kosarev V.S. Prospects for Russian Oil and Refining Industries under Sanctions. Ekonomicheskaya Politika = Economic Policy, 2023, vol. 18, no. 3, pp. 82–109. 14. Kolomak E. Economic Effects of Pandemic-Related Restrictions in Russia and Their Spatial Heterogeneity. R-Economy, 2020, vol. 6, no. 3, pp. 154–161. 15. Kuznetsov B.V., Golikova V.V. Russian Manufacturing Executives on Sanctions Restrictions and Vulnerability to Them. EKO = ECO Journal, 2023, vol. 53, no. 9, pp. 33–51. https://dx.doi.org/10.30680/ECO0131-7652-2023-9-33-51 (In Russian). 16. Kuznetsova O.V. New Patterns of Modern Socio-Economic Development of Russian Regions. Regionalnye Issledovaniya [Regional Researches], 2023, no. 1, pp. 19–30. https://dx.doi.org/10.5922/1994-5280-2023-1-2 (In Russian). 17. Kuzyk M.G., Simachev Yu.V. Strategies of Russian Companies to Adapt to the 2022 Sanctions. Zhurnal Novoy Ekonomicheskoy Assotsiatsii = Journal of the New Economic Association, 2023, vol. 60, no. 3, pp. 172–180. https://dx.doi.org/10.31737/22212264_2023_3_172-180 (In Russian). 18. Lagravinese R. Economic Crisis and Rising Gaps North-South: Evidence from the Italian Regions. Cambridge Journal of Regions, Economy and Society, 2015, vol. 8, issue 2, pp. 331–342. 19. Malkina M.Yu. Resilience of Russian Regions in the Context of the Pandemic and Sanctions. Journal of Siberian Federal University. Humanities and Social Sciences, 2023, vol. 16, issue 3, pp. 454–467. 20. Malkina M.Yu. Resilience of the Russian Regional Economies to the 2020 Pandemic. Prostranstvennaya Ekonomika = Spatial Economics, 2022, vol. 18, no. 1, pp. 101–124. https://dx.doi.org/10.14530/se.2022.1.101-124 (In Russian). 21. Malkina M.Yu. Stress in the Real Economy of Russian Regions Under the Pandemic and Sanctions. Ekonomika Regiona = Economy of Region, 2024, vol. 20, no. 1, pp. 16–32. https://dx.doi.org/10.17059/ekon.reg.2024-1-2 (In Russian). 22. Malkina M.Yu. Stress on Real Income in Russian Regions under the Pandemic and Sanctions. Prostranstvennaya Ekonomika = Spatial Economics, 2023, vol. 19, no. 4, pp. 58–83. https://dx.doi.org/10.14530/se.2023.4.058-083 (In Russian). 23. Malkina M.Yu., Balakin R.V. Trends in the Russian Economy Development During the New Anti-Russian Sanctions. Russian Journal of Economics and Law, 2024, vol. 18, no. 2, pp. 287–313. 24. Martin R. Regional Economic Resilience, Hysteresis and Recessionary Shocks. Journal of Economic Geography, 2012, vol. 1, issue 1, pp. 1–32. 25. Mikheeva N.N. Adaptation of the Spatial Structure of the Russian Economy to External Shocks. Problemy Prognozirovaniya = Studies on Russian Economic Development, 2023, vol. 201, no. 6, pp. 207–219. https://dx.doi.org/10.47711/0868-6351-201-207-219 (In Russian). 26. Overland I., Loginova J. The Russian Coal Industry in an Uncertain World: Finally Pivoting to Asia? Energy Research & Social Science, 2023, vol. 102. 103150. 27. Shirov A.A. Development of the Russian Economy in the Medium Term: Risks and Opportunities. Problemy Prognozirovaniya = Studies on Russian Economic Development, 2023, vol. 197, no. 2, pp. 6–17. 28. Simachev Yu.V., Yakovlev A.A., Golikova V.V., Gorodnyi N.A., Kuznetsov B.V., Kuzyk M.G., Fedyunina A.A. Russian Industrial Companies under the ‘Second Wave’ of Sanctions: Response Strategies. Voprosy Ekonomiki [Economic Issues], 2023, no. 12, pp. 5–30. 29. Turgel I.D., Chernova O.A., Usoltceva A.A. Resilience, Robustness and Adaptivity: Large Urban Russian Federation Regions during the COVID-19 Crisis. Area Development and Policy, 2022, vol. 7, issue 2, pp. 222–244. 30. Zemlianskii D.Yu., Kalinovskii L.V., Medvednikova D.M., Chuzhenkova V.A. Risk Assessment of Foreign Companies’ Withdrawal for the Economy and Labor Markets of Russian Regions. Ekonomicheskoe Razvitie Rossii = Russian Economic Developments, 2022, vol. 29, no. 4, pp. 4–14. (In Russian). 31. Zemtsov S.P. Sanctions Risks and Regional Development: Russian Case. Baltiiskii Region = Baltic Region, 2024, vol. 16, no. 1, pp. 23–45. https://dx.doi.org/10.5922/2079-8555-2024-1-2 (In Russian). 32. Zemtsov S.P., Barinova V.A., Mikhailov A.A. Sanctions, Exit of Foreign Companies and Business Activity in the Russian Regions. Ekonomicheskaya Politika = Economic Policy, 2023, vol. 18, no. 2, pp. 44–79. 33. Zubarevich N.V. Regions of Russia at the End of 2023: Have They Managed to Overcome the Crisis Recession? Voprosy Teoreticheskoy Ekonomiki = Theoretical Economics, 2024, no. 1, pp. 34–47. https://dx.doi.org/10.52342/2587-7666VTE_2024_1_34_47 (In Russian). 34. Zubarevich N.V. Regions of Russia in the New Economic Realities. Zhurnal Novoy Ekonomicheskoy Assotsiatsii = Journal of the New Economic Association, 2022, vol. 55, no. 3, pp. 226–234. |
Financing | |
Submitted | 22.07.2024 |
Approved after reviewing | 26.08.2024 |
Accepted for publication | 30.08.2024 |
Available online | 04.10.2024 |