A Dynamic Economic Resilience Model: A Case Study of a Regional Integration Organization in Eurasia

The imposition of sanctions on countries like Iran, Russia, and China, the outbreak of pandemics such as Covid-19, and military conflicts including Russia-Ukraine war, Palestine-Israel, and Yemen-Saudi Arabia conflicts have had a substantial impact on the regional and global economy (Hufbauer and Jung 2020, Ceylan, Ozkan, and Mulazimogullari 2020).As a corollary, Covid-19 and military conflicts have given rise to certain economic, commercial, and monetary destruction, as well as the loss of production capacity, labor force, resources, and livelihoods (Khudaykulova, Yuanqiong, and Khudaykulov 2022).The repercussions of these shocks are widely cognized not only by the parties directly involved with but also by the trading partners and surrounding countries (Khudaykulova, Yuanqiong, and Khudaykulov, 2022).This situation reflects the