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Regional Economics: Theory and Practice
 

Boundedly open economy: A regional dimension

Vol. 22, Iss. 4, APRIL 2024

Received: 31 August 2023

Received in revised form: 19 October 2023

Accepted: 16 December 2023

Available online: 15 April 2024

Subject Heading: REGION IN NATIONAL ECONOMY

JEL Classification: F51, R1, R58

Pages: 629–654

https://doi.org/10.24891/re.22.4.629

Elena V. BOLGOVA Samara State Transport University (SSTU), Samara, Russian Federation
elena_bolgova@rambler.ru

ORCID id: not available

Sergei A. BOLGOV Samara State Transport University (SSTU), Samara, Russian Federation
bolgov@vostok-invest.ru

ORCID id: not available

Marina V. KURNIKOVA Samara State University of Economics (SSEU), Samara, Russian Federation
mvkurnikova@gmail.com

ORCID id: not available

Subject. This article discusses the resilience of the Russian economy to international sanctions.
Objectives. The article aims to develop an economic model that ensures Russia's technological sovereignty and the development of foreign economic relations.
Methods. For the study, we used a statistical analysis.
Results. The article proposes an author-developed methodology for assessing the degree of openness of the economy of a region (country). It finds that the rejection of self-isolation and reliance on high-tech technologies are the main characteristics of a boundedly open economy, which makes it possible to ensure Russia's presence in foreign markets and protect the interests of Russian producers.
Relevance. The use of the developed methodology in the practice of strategic planning will improve the efficiency of the planning and forecasting work of the executive authorities in the constituent entities of the Russian Federation.

Keywords: sanctions, sustainable development, integration, open economy

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