Assessing the resilience of Russian regions in the context of import localization
DOI:
https://doi.org/10.5377/reice.v12i24.20090Keywords:
Resilience, economic development, vulnerability, macroeconomic shock, budget sustainabilityAbstract
As exemplified by the constituent entities of the Volga Federal District, Russian Federation, the authors test various methods and assess the resilience of the regions to the transformation of foreign economic relations. The proposed toolkit is based on the developed methodological approach providing a dichotomous analysis of resilience within the framework of two key components: vulnerability and the effectiveness of economic recovery. The results of testing the developed approaches allow the construction of a resilience matrix for the constituent entities of the Volga Federal District and determine their development potential in the context of systemic transformations.
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