Article
COVID and Sanctions Resiliency in a Russian Region: The Case of Rostov Oblast 2010–2022
Journal of East-West Business
(2024)
Abstract
Using convergence estimations, the economies of the towns
and districts of Rostov Oblast are shown to be resilient to four
shocks to the economy – initial sanctions (2019), initial COVID
and continuing sanctions (2020), continuing sanctions and
worsening COVID (2021), war, harsher sanctions and declining
COVID (2022). Agricultural output is resilient and represents
an important growth sector for the Russian economy. Housing
and floor area construction are resilient with even gross production being maintained. Labor indicators show a severe shock to unemployment and vacancies in 2020 followed by
recovery in 2021 and a much tighter labor market in 2022.
Keywords
- Convergence,
- Resiliency,
- Rostov Oblast
Disciplines
Publication Date
Winter February 20, 2024
DOI
https://doi.org/10.1080/10669868.2023.2272998
Citation Information
Gregory J. Brock. "COVID and Sanctions Resiliency in a Russian Region: The Case of Rostov Oblast 2010–2022" Journal of East-West Business Vol. 30 Iss. 1 (2024) p. 114 - 132 Available at: http://works.bepress.com/gregory_brock/221/