Regional Aspects of Forecasting the Economic Consequences of the Spread of the Coronavirus Pandemic in Sverdlovsk Oblast

DOI

10.2991/assehr.k.201105.066How to use a DOI?

Keywords

consequences of the spread of the pandemic, exports and imports, trends and factors of the regional economy

Abstract

The article actualizes the problem of socio-economic consequences of the spread of the new coronavirus infection (2019-nCoV) for the regional economy. The authors emphasize the importance of foreign economic relations and foreign trade activities for the economy of Sverdlovsk Oblast. Analysis of scientific research has shown that these indicators are currently most susceptible to changes in different countries. The authors justify the tendency to stabilize the decline in exports and imports through reduced FTT (foreign trade turnover) indicators without further significant reduction, which is observed in Sverdlovsk Oblast due to the spread of the pandemic. The article presents an analysis of indicators based on which economic factors are described, causing a reasonable trend. The authors refer to the economic factors of stabilization reduction of exports and imports in Sverdlovsk Oblast: reduced purchasing power and the rate of import substitution chosen in a number of countries. Among the identified factors that provide a downward trend, the authors highlight the features of establishing and maintaining business contacts with business representatives from South Asian countries. The authors consider the competitiveness of regional products to be significantly influencing factors on the stabilization of export reduction. As a result of the study, it is concluded that taking into account positive and negative factors and further monitoring their impact, it is possible to significantly reduce socio-economic losses in the regional economy.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - A.E. Avdyukova
AU  - E.V. Bocharnikova
PY  - 2020
DA  - 2020/11/06
TI  - Regional Aspects of Forecasting the Economic Consequences of the Spread of the Coronavirus Pandemic in Sverdlovsk Oblast
BT  - Proceedings of the Research Technologies of Pandemic Coronavirus Impact (RTCOV 2020)
PB  - Atlantis Press
SP  - 367
EP  - 371
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201105.066
DO  - 10.2991/assehr.k.201105.066
ID  - Avdyukova2020
ER  -