IDEAS home Printed from https://ideas.repec.org/a/aiy/journl/v9y2023i1p19-37.html
   My bibliography  Save this article

Differentiated approach to the diagnostics of economic security and resilience of Russian regions (case of the Volga federal district)

Author

Listed:
  • Elena V. Karanina

    (Vyatka State University, Kirov, Russia)

  • Vasily M. Karaulov

    (Vyatka State University, Kirov, Russia)

Abstract

Relevance. Given the volatile global economy, unfriendly policy towards Russia and other external challenges, it is necessary to improve tools for predicting threats and risks to regional economic security and resilience. To this end, individual projections and indicators, as well as complex models should be examined. Research objective. The study aims to develop a new differentiated approach to diagnostics of indicators (projections) of economic security and resilience at the regional level, which can help visualize and evaluate threats to economic meso-systems. Data and methods. Comparative and indicative approaches, ranking, piecewise linear approximation (scaling) and correlation analysis were used in the study. Results. As a result, the study presents the author's system of indicators of economic security and risks to the regional economy based on a differentiated approach. 36 indicators were grouped into 4 projections – general economic, social, technological and financial – and divided into sub-projections. In order to provide adequate and comparable estimates in the regional and temporal context, various methodological principles were used: application of relative indicators; assessment of cost indicators of regional development using the number of fixed market baskets (FMB) of the region (ratio of the regional cost indicator and the cost of a fixed market basket). Such approach allowed us to evaluate regional economic security in dynamics. The diagnostics of resilience of regional economic systems was performed in the context of individual projections by comparing crisis and relatively stable periods. Conclusions. The methodology was tested using data from regions of the Volga Federal District. The study revealed specific projections, sub-projections and indicators affected by threats, as well as demonstrated the ability of regions of the Volga Federal District to face the crisis and, in particular, resist sanctions.

Suggested Citation

  • Elena V. Karanina & Vasily M. Karaulov, 2023. "Differentiated approach to the diagnostics of economic security and resilience of Russian regions (case of the Volga federal district)," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 9(1), pages 19-37.
    • Handle: RePEc:aiy:journl:v:9:y:2023:i:1:p:19-37
    DOI: https://doi.org/10.15826/recon.2023.9.1.002
    as

    Download full text from publisher

    File URL: https://journals.urfu.ru/index.php/r-economy/article/view/6770
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.15826/recon.2023.9.1.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    economic security; threats; indicators; socio-economic system of the region; projections; diagnostics; differentiated approach; resilience; sanction factors;
    All these keywords.

    JEL classification:

    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aiy:journl:v:9:y:2023:i:1:p:19-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Irina Turgel (email available below). General contact details of provider: https://edirc.repec.org/data/seurfru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.