Regional Economic Development in The Context of the COVID-19 Pandemic and the Economic Crisis

2021 ◽  
pp. 99-107
Author(s):  
Olha A. Lukash ◽  
Yuriy M. Derev`yanko ◽  
Dmytro V. Kozlov ◽  
Anna I. Mukorez

It is important to analyze the manifestations of the crisis at the regional level, which allows both regional (local) and national authorities to develop effective support tools. From this point of view, it is important to clearly understand which aspects of economic development the crisis has a key impact on, and whether such impact is uniform across different sectors and areas of economic development. Much attention is paid to the problem of assessing the state of the business environment. However, the main disadvantage of most of them is that they are sometimes difficult to conduct in terms of operational analysis and availability of open data. The object of research is the processes of studying the state of the region's economy. The subject of the research is the impact of the COVID-19 pandemic and the current economic crisis on the region's economies. In the process of scientific research, we solved such tasks: identification of key problematic factors in relation to regional economic development, including caused by pandemic and lockdown; reliable, freely available and up-to-date sources of statistical information on regional economic development are identified; a comprehensive method of generalizing the impact of the COVID-19 pandemic and the economic crisis on regional economic development. We proposed to analyze the impact of the COVID-19 pandemic and the current economic crisis on the economic development of the regions of Ukraine on the example of Sumy region. The analysis is based on open data from static authorities, which periodically publish monthly and quarterly information. The study confirmed the serious negative impact of lockdown and pandemic on the economic development of the region in a number of key indicators: the index of industrial production, the volume of industrial products sold, freight turnover and passenger turnover. At the same time, we observe a generally neutral impact of the crisis on such regional indicators of economic development as the volume of commodity export and import transactions and the stability of retail trade.

2015 ◽  
pp. 37-52 ◽  
Author(s):  
N. Zubarevich

The article is focused on the new crisis in Russia and its projection on the regions including the impact on regional economic development, labor markets and household money incomes in 2014. Factors and spatial features of the new crisis are compared with the previous crises of 1990-2000. Different territories prospects are analized as well as the state anti-crisis policy to support the regions


2018 ◽  
Vol 6 (2) ◽  
pp. 121-137
Author(s):  
Sean M. McDonald ◽  
Remi C. Claire ◽  
Alastair H. McPherson

The impact and effectiveness of policies to support collaboration for Research & Development (R&D) and Innovation is critical to determining the success of regional economic development. (O’Kane, 2008) The purpose of this paper is to evaluate the level of success of the Innovation Vouchers Program operated by Invest Northern Ireland (Invest NI) from 2009 to 2013 and address if attitudinal views towards innovation development should play in a role in future policy design in peripheral EU regions. 


Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 76
Author(s):  
Giedrė Dzemydaitė

The smart specialization concept was implemented in the EU in 2014, stating that regions have to specify specialization areas for development of innovations. Economic specialization reveals a comparative advantage in that field. However, there are different arguments linking specialization to economic development. This study analyzes these arguments and aims to investigate the impact of economic specialization on regional economic development and to give insights into identifying prospective areas in regional economies. A panel fixed effect estimation of industry-level regional data suggests that economic specialization in broader regional employment, called relative specialization, is ambiguously associated with economic development. Our findings suggest that neither economic specialization nor economic diversity are a clear-cut solution for ensuring economic growth. Economic structure in EU regions differs, and there is no one answer for which approach is better for economic development. Specialization measures, particularly the location quotient, cannot fully capture the dynamics in the industry structure that could be essential for formation of regional development strategy.


2010 ◽  
pp. 133-143
Author(s):  
A. Tsvetkova

The article looks into the dynamics of the US regional economic development policies in the last decades and tracks the transition from so-called "locational" to "entrepreneurial" strategies. It also documents existing variations in state economic development programs and explains the differences in approaches and current tendencies from both theoretical and practical standpoints.


2021 ◽  
pp. 1-11
Author(s):  
Xiaoping Wu ◽  
Peng Wu ◽  
Zihan Guo

Based on the precise logical analysis method, the paper constructs a comprehensive evaluation model of transportation superiority in terms of transportation network density, the influence of transportation arteries, and regional location-specific advantages, then select Southwest China as a case to evaluate the transportation superiority and analyze the correlations of transportation with regional economic development and population distribution. The results show that there is a positive correlation between regional transportation superiority and regional population density as well as GDP per capita in the spatial distribution. Finally, by using the fuzzy logic analysis method, we propose countermeasures and suggestions for the impact of transportation integration on regional economic development and population distribution.


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