Influence of external impacts on the dynamics of the industrial structure of gross regional product

The article assesses the impact of the sectoral structure of the gross regional product of the Russian regions on the sustainability of regional economies to external crises (using the oil crisis and the spread of coronavirus infection as an example). Firstly, based on a comparison of the trends in...

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Main Authors: D. A. Gaynanov, A. G. Ataeva
Format: Article
Language:English
Published: Publishing House of the State University of Management 2020-12-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/2480
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author D. A. Gaynanov
A. G. Ataeva
author_facet D. A. Gaynanov
A. G. Ataeva
author_sort D. A. Gaynanov
collection DOAJ
description The article assesses the impact of the sectoral structure of the gross regional product of the Russian regions on the sustainability of regional economies to external crises (using the oil crisis and the spread of coronavirus infection as an example). Firstly, based on a comparison of the trends in oil prices and the gross regional product of Russian regions over the past 20 years, the paper determines that the oil crisis will affect the economic development of all regions, regardless of the specialization of the territory. Secondly, the study ascertains that regions, which have a high share of the raw materials industry and a low share of trade, transportation, and the financial sector, are more resistant to the consequences of the spread of coronavirus infection. Using the example of the Republic of Bashkortostan, the authors identify threats to the modern structure of the economy and the social sphere in terms of sustainability to external crises, and propose the directions of structural and spatial restructuring of the region’s economy to increase the stability of the regional economy.
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spelling doaj.art-936d4f439b5d457084a8521af172a6b12024-03-26T14:23:05ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-12-010109310010.26425/1816-4277-2020-10-93-1001865Influence of external impacts on the dynamics of the industrial structure of gross regional productD. A. Gaynanov0A. G. Ataeva1Ufa Federal Research Center, Russian Academy of SciencesUfa Federal Research Center, Russian Academy of SciencesThe article assesses the impact of the sectoral structure of the gross regional product of the Russian regions on the sustainability of regional economies to external crises (using the oil crisis and the spread of coronavirus infection as an example). Firstly, based on a comparison of the trends in oil prices and the gross regional product of Russian regions over the past 20 years, the paper determines that the oil crisis will affect the economic development of all regions, regardless of the specialization of the territory. Secondly, the study ascertains that regions, which have a high share of the raw materials industry and a low share of trade, transportation, and the financial sector, are more resistant to the consequences of the spread of coronavirus infection. Using the example of the Republic of Bashkortostan, the authors identify threats to the modern structure of the economy and the social sphere in terms of sustainability to external crises, and propose the directions of structural and spatial restructuring of the region’s economy to increase the stability of the regional economy.https://vestnik.guu.ru/jour/article/view/2480crisis managementcoronavirus infectioneconomic specializationeconomic sustainabilitygross regional productoil crisisregionregional economytypes of economic activity
spellingShingle D. A. Gaynanov
A. G. Ataeva
Influence of external impacts on the dynamics of the industrial structure of gross regional product
Вестник университета
crisis management
coronavirus infection
economic specialization
economic sustainability
gross regional product
oil crisis
region
regional economy
types of economic activity
title Influence of external impacts on the dynamics of the industrial structure of gross regional product
title_full Influence of external impacts on the dynamics of the industrial structure of gross regional product
title_fullStr Influence of external impacts on the dynamics of the industrial structure of gross regional product
title_full_unstemmed Influence of external impacts on the dynamics of the industrial structure of gross regional product
title_short Influence of external impacts on the dynamics of the industrial structure of gross regional product
title_sort influence of external impacts on the dynamics of the industrial structure of gross regional product
topic crisis management
coronavirus infection
economic specialization
economic sustainability
gross regional product
oil crisis
region
regional economy
types of economic activity
url https://vestnik.guu.ru/jour/article/view/2480
work_keys_str_mv AT dagaynanov influenceofexternalimpactsonthedynamicsoftheindustrialstructureofgrossregionalproduct
AT agataeva influenceofexternalimpactsonthedynamicsoftheindustrialstructureofgrossregionalproduct