Conceptual approaches to stress testing of the regional economy and assessment of its sustainability: theory and practice

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Abstract

The fragmentation of the study of foreign experience in the issue of methodology for stress testing the region and assessing resilience to crisis situations will determine the relevance of the article and is associated with a number of factors, including a variety of economic and political conditions, different methodologies, restrictions on access to information and the difference in estimated indicators. The article is devoted to the analysis and discussion of the approaches of the Nobel laureates in economics: Richard Thaler, Robert Schiller, Paul Krugman, Gary Stanley Becker, James Buchanan, to identify the features and distinctive conceptual aspects inherent in each of the researchers in the direct or indirect consideration of the topics covered in the articles. The article discusses and summarizes the key factors on which the stress-resistance of the regional economy depends.

About the authors

Kirill S. Purtov

Moscow Metropolitan Governance Yury Luzhkov University

Author for correspondence.
Email: borak3@yandex.ru

Postgraduate Student of the Department of Financial Management and Financial Law

Russian Federation, Moscow

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