Determinants of Economic Growth: Empirical Evidence from Russian Regions

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Determinants of Economic Growth: Empirical Evidence from Russian Regions

Author Info

Svetlana Ledyaeva
Mikael Linden

Abstract

A modification of Barro and Sala-i-Martin empirical framework of growth model is specified to examine determinants of per capita growth in 74 Russian regions during period of 1996-2005. We utilize both panel and cross-sectional data. Results imply that in general regional growth in 1996-2005 is explained by the initial level of region's economic development, the 1998 financial crisis, domestic investments, and exports. Growth convergence between poor and rich regions in Russia was not found for the period studied.

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Publisher Info
Article provided by Cattaneo University (LIUC) in its journal The European Journal of Comparative Economics.

Volume (Year): 5 (2008)
Issue (Month): 1 (June)
Pages: 87-105
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Handle: RePEc:liu:liucej:v:5:y:2008:i:1:p:87-105

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Find related papers by JEL classification:
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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