from 01.01.2023 until now
Russian Federation
UDC 338.48
UDC 330.4
UDC 657.6
The aim of the study is to identify the mechanisms through which asset bubbles affect the structure of Russia’s regional economy and to develop methodological approaches to assessing the resilience of territories to such shocks. The article examines historical episodes of the formation and collapse of bubbles in the housing and stock market sectors, as well as their impact on sectoral structure, employment, investment flows, and the debt burden of regions. Particular attention is paid to the spatial heterogeneity of the consequences, institutional constraints, and the macroeconomic frameworks shaping regional response strategies. The analysis demonstrates that resilience to phase shocks is determined primarily by the presence of countercyclical fiscal policy and the development of non-resource sectors of the economy.
asset bubbles; regional economy; macroeconomic resilience; crisis management policy; construction sector; mortgage lending; structural shifts; investment risk
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