Economic Resilience in Challenging Times: A Crossroads of Russia's Experience and Prospects for Iran
Volume 6, Issue 4, Autumn 2022, Pages 805-833
https://doi.org/10.22059/wsps.2023.361967.1360
Ehsan Rasoulinezhad, Parisa Sabri
Abstract significance, as they have grappled with enduring economic and political sanctions imposed by Western powers. Over time, both Iran and Russia have confronted a series of sanctions targeting their economic and financial sectors. In response to the adverse effects of these sanctions, both nations have embraced a strategy of 'resistance.' Experts contend that financial and economic sanctions induce substantial shifts in a country's macroeconomic landscape, prompting the adoption of distinct policies and strategic orientations. Against this backdrop, this research undertakes a comprehensive examination and analysis of the discourses surrounding economic resistance and resilient economies in Iran and the Russian Federation, with a focus on elucidating their commonalities and disparities. The research methodology employed in this study is the SWOT analysis method. Findings reveal that both Iran and Russia, while contending with Western sanctions, have pursued the implementation of resilient economy and economic resistance strategies, respectively. Iran's resilient economy signifies a transition towards long-term economic resilience rooted in religious principles. Conversely, Russia's economic resistance constitutes a short-term response to sanctions driven by political considerations".
The COVID-19 and Macroeconomic Variables in the Russian Economy: Evidence from Statistical Analysis
Volume 5, Issue 2, Spring 2021, Pages 399-431
https://doi.org/10.22059/wsps.2022.340251.1288
Parisa Sabri
Abstract The Russian Federation, as an energy-oriented and developing country, has suffered a great large-scale damage under the influence of COVID-19. In the economic and political spheres, the Russian government has adopted various
strategies to reduce the negative effects exerted by the pandemic. On the other hand, Russia is known as the first country to unveil and offer the first Coronavirus vaccine. At the same time, however, the policies pursued by the Russian government have been criticized. This study tries to measure the impact of the pandemic as an exogenous shock on important Russian economic variables. The main question in this study is what effect has the Corona epidemic had on the Russian economy? To answer to this research question, correlation analysis was used to evaluate the relationship between different variables and the number of deaths because of Coronavirus. According to the results of this study, the Coronavirus has affected the process of all Russian economic variables except for economic growth. This highlights the necessity of the implementation of exact plans and policies to maintain a stable economic recovery in the post-COVID era in this country.
