COVID and Sanctions Resiliency in a Russian Region: The Case of Rostov Oblast 2010–2022

Journal of East-West Business | 2024, VOL. 30, NO. 1, 114–132

Posted: 28 Feb 2024

See all articles by Gregory J. Brock

Gregory J. Brock

Georgia Southern University - Department of Economics

Date Written: February 22, 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: Russo-Ukrainian War, COVID, Resiliency, Rostov Oblast

JEL Classification: R12, R11, O47

Suggested Citation

Brock, Gregory, COVID and Sanctions Resiliency in a Russian Region: The Case of Rostov Oblast 2010–2022 (February 22, 2024). Journal of East-West Business | 2024, VOL. 30, NO. 1, 114–132, Available at SSRN: https://ssrn.com/abstract=4735871

Gregory Brock (Contact Author)

Georgia Southern University - Department of Economics ( email )

P.O. Box 8153
Statesboro, GA 30460-8153
United States
912-478-5579 (Phone)

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