Title: Economic resilience of large urbanised Russian regions to pandemic-induced shocks

Authors: Irina D. Turgel; Olga A. Chernova

Addresses: Graduate School of Economics and Management, Ural Federal University, Yekaterinburg, 620002, Russian Federation ' Faculty of Economics, Southern Federal University, Rostov-on-Don, 344006, Russian Federation

Abstract: The aim of this study is to evaluate the level of resilience of large highly urbanised Russian regions to recessionary shocks caused by the pandemic. We calculated the index of resilience by using the Mahalanobis distances method. Depending on the changes in the level of regional economic resilience at different stages of the pandemic, we identified six scenarios. We drew up profiles of regional resilience and grouped the regions accordingly. We found that all the regions demonstrated a higher level of resilience during the first wave. The most significant factors that affected the regions' resilience capacity were the following: the sectoral composition of their economies, population distribution patterns, the share of small businesses, 'systemically important' industrial enterprises, innovative propensity as well as the severity of lockdown restrictions and state support.

Keywords: COVID-19 pandemic; coronavirus crisis; highly urbanised regions; regional economic; resilience; adaptability; stable development; factors of regional development; stability index; economic potential.

DOI: 10.1504/IJMEF.2023.135663

International Journal of Monetary Economics and Finance, 2023 Vol.16 No.5, pp.334 - 347

Received: 14 Sep 2021
Accepted: 08 Aug 2022
Published online: 21 Dec 2023 *

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