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Regional Economics: Theory and Practice
 

Economic potential of the Chuvash Republic

Vol. 22, Iss. 10, OCTOBER 2024

Received: 15 January 2024

Received in revised form: 26 February 2024

Accepted: 5 April 2024

Available online: 16 October 2024

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: R10, R13, R20, R23

Pages: 1959-1969

https://doi.org/10.24891/re.22.10.1959

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Alena V. MULENDEEVA I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
alena-mulendeeva@yandex.ru

https://orcid.org/0000-0002-9852-9804

Subject. This article discusses the issues of overcoming economic stagnation and solving the problems of depressed regions.
Objectives. The article aims to determine the parameters that are of great importance for the development of the Chuvash Republic's economy.
Methods. For the study, we used a correlation and regression analysis.
Results. The article finds that there is an increase in the gross regional product of the Chuvash Republic and consolidated budget revenues, but the population, including the size of the labor force (employed and unemployed aged 15–72) gets decreasing. Manufacturing industries dominate in the structure of the Chuvash Republic's economy.
Conclusions. It is necessary to diversify the sources of growth of the gross regional product of the Chuvash Republic and ensure the implementation of the national project Demography.

Keywords: gross regional product, consolidated budget, manufacturing, per capita cash income, labor force

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