Crises in post-Soviet Russia: Regional projection

Abstract

The paper analyzes the factors and trends of the Russian crises of 1990–2010 and their impact on the economic development of regions, the labor market and personal income, and the state of regional budgets. It considers the factors and dynamics of the crisis of 2014–2015 and its difference from previous ones: the conditionality by internal barriers of development with the subsequent influence of external factors, the slower downturn in industry, and the retention of relative stability on the labor market. The main crisis-related problems for regions are revealed: destabilization of their budgets since 2013, the drop in personal income and the advance drop in consumption, and the extended reduction in investments. Differences in crisis-related trends are shown for regions with different economies and geographical positions. The study analyzes the risks and forms of crisis adaptation of the populations of the largest cities with predominance of the service sector in the employment structure, the smaller industrial cities, and the rural periphery. State policy measures to stabilize regional budgets, support industry and regional labor markets in crisis periods are considered.