Template-type: ReDIF-Article 1.0
Author-Name: Zubarevich Natalia
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Regional Economy in 2020: the Pandemic Has Created Problems in Resource-producing Regions and Large Cities
Title: Региональные экономики в 2020 г.: пандемия создала проблемы в ресурсодобывающих регионах и крупных городах
Abstract: The COVID-19 crisis has had the greatest impact on resource-producing regions and large cities boasting a developed service sector. The decline in investment was coupled by their concentration in the capital and in the leading regions of hydrocarbon production. The increase in registered unemployment was universal, and the subsequent decline in its level varied greatly by region. A large-scale increase in federal transfers helped increase regional budget revenues, but increased spending led to budget deficits in most regions and increased debt. 
Keywords: regions, resource extractive regions, socio-economic situation of regions, pandemic
Classification-JEL: H72, P25, Q32, R11, R51
Journal: Russian Economic Developments
Year: 2021
Issue: 4
Month: April
Pages: 81-85
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2148.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2148