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Soaring dragons, roaring tigers, growling bears

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  • Oleg Badunenko
  • Kiril Tochkov

Abstract

We perform a comparative analysis of regional growth and convergence in China, Russia and India over the period 1993–2003 by means of non‐parametric methods and kernel density estimates. Our results indicate that wealthy regions were largely responsible for the rapid growth in all three countries. For China and India, capital dissipation was identified as the major determinant of regional growth. In Russia, capital deepening impeded positive changes in labour productivity, leaving technological change as the only source of regional growth. Furthermore, we find that the increasing regional income inequality in all three countries was driven by technological change which more than offset the convergence resulting from capital deepening in China and India.

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  • Oleg Badunenko & Kiril Tochkov, 2010. "Soaring dragons, roaring tigers, growling bears," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 18(3), pages 539-570, July.
    • Handle: RePEc:bla:etrans:v:18:y:2010:i:3:p:539-570
    DOI: 10.1111/j.1468-0351.2009.00387.x
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    3. Oleg Badunenko, 2017. "Labor Market Regulations and Growth," Working Papers in Economics & Finance 2017-07, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    4. Ramesh Chandra Das & Utpal Das & Amaresh Das, 2021. "BRICS Nations and Income Convergence: An Insight from the Quarterly Data for 2006Q1–2017Q2," Global Business Review, International Management Institute, vol. 22(4), pages 1054-1069, August.
    5. Hartmut Lehmann & Aleksey Oshchepkov & Maria Giulia Silvagni, 2020. "Regional Convergence In Russia: Estimating A Neoclassical Growth Model," HSE Working papers WP BRP 232/EC/2020, National Research University Higher School of Economics.
    6. Gregory Brock & Constantin Ogloblin, 2018. "Russian 1998–2007 TFP decomposed: some inspiration emerging from inherited Soviet legacy," Economic Change and Restructuring, Springer, vol. 51(2), pages 135-151, May.
    7. Walheer, Barnabé, 2018. "Labour productivity growth and energy in Europe: A production-frontier approach," Energy, Elsevier, vol. 152(C), pages 129-143.
    8. Diego Romero-Ávila, 2013. "Is Physical Investment The Key To China'S Growth Miracle?," Economic Inquiry, Western Economic Association International, vol. 51(4), pages 1948-1971, October.
    9. Oleg Badunenko & Daniel J. Henderson & Valentin Zelenyuk, 2017. "The Productivity of Nations," Working Papers in Economics & Finance 2017-05, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.

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