Empirical analysis of regional economic performance in Russia: Human capital perspective
AbstractHaving shown the important role of the Russian economy in the ex-USSR region by causality tests, we proceed to empirical analysis of growth and performance of the Russian regions. A dynamic panel data approach enabled us to obtain elasticity coefficients on proxies for convergence, physical capital, labour and innovation. After including human capital in the reformulated model we resolve endogeneity and reverse causality by introducing two instrumental variable approaches. Taking advantage of the Unified State Exam data we managed to successfully endogenize human capital by number (and share) of outperforming students and by the education index. The second approach helped to improve causality between instruments and human capital: the dates of first university foundation and distance to Moscow successfully explains human capital variations due to historical and spatial characteristics of a given region. --
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Bibliographic InfoPaper provided by Promotionsschwerpunkt "Globalisierung und Beschaeftigung" in its series Violette Reihe Arbeitspapiere with number 38/2012.
Date of creation: 2012
Date of revision:
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More information through EDIRC
growth regressions; regional analysis; human capital; system GMM; instrumental variables;
Find related papers by JEL classification:
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-12-06 (All new papers)
- NEP-CIS-2012-12-06 (Confederation of Independent States)
- NEP-EDU-2012-12-06 (Education)
- NEP-FDG-2012-12-06 (Financial Development & Growth)
- NEP-GEO-2012-12-06 (Economic Geography)
- NEP-HRM-2012-12-06 (Human Capital & Human Resource Management)
- NEP-SBM-2012-12-06 (Small Business Management)
- NEP-TRA-2012-12-06 (Transition Economics)
- NEP-URE-2012-12-06 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Catarina Cardoso & Eric J. Pentecost, 2011. "Regional Growth and Convergence: The Role of Human Capital in the Portuguese Regions," Discussion Paper Series 2011_03, Department of Economics, Loughborough University, revised Sep 2011.
- Coulombe, S. & Tremblay, J.-F., 1999.
"Human Capital and Regional Convergence in Canada,"
9906e, University of Ottawa, Department of Economics.
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