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Human Development and Income Inequality as Factors of Regional Economic Growth

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  • D.G. Rodionov
  • T.J. Kudryavtseva
  • A.E. Skhvediani

Abstract

This paper examines the impact of the Human Development Index and the Gini index on the Real Gross Regional Product (GRP) per person employed in 68 regions of the Russian Federation during the 2000 – 2014 period. We test and compare the results from two groups of models. The first group of models reveals that higher GRP per person employed is associated with higher levels of human development and income inequality in the Russian Federation regions. These results stay robust within the models estimated by linear regression with panel-corrected standard errors, where Regional FE, Time FE and Federal District FE are controlled. The estimation results from the second group of models provide evidence that regions with higher levels of Real Gross Regional Product (GRP) per person, human development and income inequality were growing slower, on average, than regions with lower levels of these parameters.

Suggested Citation

  • D.G. Rodionov & T.J. Kudryavtseva & A.E. Skhvediani, 2018. "Human Development and Income Inequality as Factors of Regional Economic Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 323-337.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special2:p:323-337
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    2. Elena Rytova & Svetlana Gutman & Cristina Sousa, 2021. "Regional Inclusive Development: An Assessment of Russian Regions," Sustainability, MDPI, vol. 13(11), pages 1-20, May.
    3. Dmitriy G. Rodionov & Evgenii A. Konnikov & Magomedgusen N. Nasrutdinov, 2021. "A Transformation of the Approach to Evaluating a Region’s Investment Attractiveness as a Consequence of the COVID-19 Pandemic," Economies, MDPI, vol. 9(2), pages 1-20, April.
    4. Janusz Myszczyszyn & Irena Lacka & Sylwia Golab & Beata Bedzik & Blazej Supron, 2021. "A Preliminary Analysis of the Relationship between Economic Growth and Selected Innovativeness Indicators on the Example of Four European Union Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 402-418.
    5. Sergey Dianov & Lyudmila Koroleva & Natalia Pokrovskaia & Natalia Victorova & Andrey Zaytsev, 2022. "The Influence of Taxation on Income Inequality: Analysis of the Practice in the EU Countries," Sustainability, MDPI, vol. 14(15), pages 1-19, July.

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    More about this item

    Keywords

    Economic development; regional economics; human development; income inequality.;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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