IDEAS home Printed from https://ideas.repec.org/a/far/spaeco/y2020i1p24-50.html
   My bibliography  Save this article

Theoretical and Applied Aspects of Measuring the Economic Growth Potential of Russian Regions

Author

Listed:
  • Nikita Alexandrovich Burakov

    (Institute of Economics of the RAS)

  • Alexander Yakovlevich Rubinstein

    (Institute of Economics of the RAS)

Abstract

The paper presents a new direction in methodology of modeling the potentials of regional economic growth developed by the authors in their previous studies. The proposed approach is based on decomposition of the extended production function in the Mankiw – Romer – Weil model and measuring statistically unobserved composition factors characterizing innovative, investment and human potential of regional development. This model enables defining the weight vectors of initial indicators for different groups of spatial entities. Detected weights of statistically observed indicators are the basis for structural analysis of economic growth specifics in different regions. Multiway Data Analysis is the basic method to define these potentials quantitatively. Based on this method of multivariate analysis with statistically observed indicators describing various components of regional economic growth in the period from 2001 to 2015, obtained were estimates of each of the three specified potentials per year per Russian Federation constituent member under consideration. The dynamic analysis in form of such calculations assists in comparing the potentials in individual regions. The information gained also helps in the dynamic analysis of different potentials within regions concerning cities numbering over a million inhabitants. A detailed retrospective study of the regional growth made it possible to carry out an integrated analysis and form identical groups thereafter. The time series obtained can serve as statistical tools for determining the contribution of the three composition factors of growth to each constituent member of the Russian Federation through repeated application of Multiway Data Analysis already to these factors. By way of such calculation the aggregate potential of economic growth for the group of the regions under consideration can be formed

Suggested Citation

  • Nikita Alexandrovich Burakov & Alexander Yakovlevich Rubinstein, 2020. "Theoretical and Applied Aspects of Measuring the Economic Growth Potential of Russian Regions," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 24-50.
    • Handle: RePEc:far:spaeco:y:2020:i:1:p:24-50
    DOI: https://dx.doi.org/10.14530/se.2020.1.024-050
    as

    Download full text from publisher

    File URL: http://www.spatial-economics.com/images/spatial-econimics/2020_1/SE.2020.1.024-050.Burakov.pdf
    Download Restriction: no
    File URL: http://spatial-economics.com/eng/arkhiv-nomerov/2020/106-2020-1/947-SE-2020-1-24-50
    Download Restriction: no
    File URL: https://libkey.io/https://dx.doi.org/10.14530/se.2020.1.024-050?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. World Bank, 2011. "Russia : Reshaping Economic Geography," World Bank Publications - Reports 13052, The World Bank Group.
    3. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
    4. Sergey Sinelnikov-Murylev & Sergey Drobyshevsky & Maria Kazakova & Michael Alexeev, 2016. "Decomposition of Russia's GDP Growth Rates," Research Paper Series, Gaidar Institute for Economic Policy, issue 167P, pages 123-123.
    5. Zemtsov, S. & Smelov, Y., 2018. "Factors of Regional Development in Russia: Geography, Human Capital and Regional Policies," Journal of the New Economic Association, New Economic Association, vol. 40(4), pages 84-108.
    6. Natalia Zubarevich, 2009. "Regional Development and Regional Policy in Russia During Ten Years of Economic Growth," Journal of the New Economic Association, New Economic Association, issue 1-2, pages 161-174.
    7. O. Kuznetsova., 2013. "Pyramid of Factors of Regional Socio-Economic Development," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 2.
    8. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    9. Alexander Rubinstein & Lev Slutskin, 2018. "«Multiway data analysis» and the general problem of journals’ ranking," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 50, pages 90-113.
    10. Oleg Lugovoy & Vladimir V. Dashkeyev & Ilya Mazaev & Denis Fomchenko & Albert Hecht, 2007. "Analysis of Economic Growth in Regions: Geographical and Institutional Aspect," Published Papers 5, Gaidar Institute for Economic Policy, revised 2007.
    11. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    12. David Cass, 1965. "Optimum Growth in an Aggregative Model of Capital Accumulation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(3), pages 233-240.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Juncal Cuñado & Blanca Sanchez-Robles, 2000. "Sectoral structure and real convergence among Spanish regions," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(2), pages 259-270, May.
    2. Bode, Eckhardt, 1996. "Ursachen regionaler Wachstumsunterschiede: wachstumstheoretische Erklärungsansätze," Kiel Working Papers 740, Kiel Institute for the World Economy (IfW Kiel).
    3. Petrakos, George & Dimitris, Kallioras & Ageliki, Anagnostou, 2007. "A Generalized Model of Regional Economic Growth in the European Union," Papers DYNREG12, Economic and Social Research Institute (ESRI).
    4. ?gel de la Fuente, "undated". "Convergence Across Countries And Regions: Theory And Empirics," UFAE and IAE Working Papers 447.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    5. Pozzolo, Alberto Franco, 2004. "Endogenous Growth in Open Economies - A Survey of Major Results," Economics & Statistics Discussion Papers esdp04020, University of Molise, Department of Economics.
    6. Alejandro Diaz-Bautista, 2005. "Regional Convergence of Income and Labor Productivity in Mexico," Urban/Regional 0512016, University Library of Munich, Germany.
    7. Arano, Kathleen G. & Srinivasan, Arun K., 2021. "Local Economies and Economic Growth, Does Location Matter? A Spatial Analysis in the Great Lakes Region," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 51(01), June.
    8. Schilirò, Daniele, 2006. "Crescita economica, conoscenza e capitale umano. Le teorie e i modelli di crescita endogena di Paul Romer e Robert Lucas [Economic growth, knowledge and human capital. Theories and models of endoge," MPRA Paper 52435, University Library of Munich, Germany.
    9. repec:ebl:ecbull:v:2:y:2002:i:1:p:1-15 is not listed on IDEAS
    10. Panagiotis Artelaris, 2021. "Regional economic growth and inequality in Greece," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(1), pages 141-158, February.
    11. Alogoskoufis, G.S. & van der Ploeg, F., 1991. "Money and growth revisited," Discussion Paper 1991-9, Tilburg University, Center for Economic Research.
    12. Rafiou Raphaël Bétila, 2021. "The impact of Ease of Doing Business on economic growth: a dynamic panel analysis for African countries," SN Business & Economics, Springer, vol. 1(10), pages 1-34, October.
    13. Oleg Badunenko & Diego Romero-�vila, 2014. "Productivity Growth across Spanish Regions and Industries: A Production-Frontier Approach," Regional Studies, Taylor & Francis Journals, vol. 48(7), pages 1242-1262, July.
    14. Gene M. Grossman & Elhanan Helpman, 1994. "Endogenous Innovation in the Theory of Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 23-44, Winter.
    15. Alejandro Díaz-Bautista & Jorge Eduardo Mendoza Cota, 2004. "Regional Convergence Of Income And Labor Productivity In Mexico," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 3(1), pages 3-20, Marzo 200.
    16. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472, Elsevier.
    17. repec:zbw:bofrdp:2010_021 is not listed on IDEAS
    18. Osmar Leandro Loaiza Quintero, 2012. "La demanda agregada y la distribución del ingreso: un estudio a partir de los modelos de crecimiento kaleckianos," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID.
    19. Thomas M. Steger, 2000. "Productive Consumption and Growth in Developing Countries," Review of Development Economics, Wiley Blackwell, vol. 4(3), pages 365-375, October.
    20. Mohammad Sharif Karimi & Elham Heshmati Daiari, 2018. "Does Institutions Matter for Economic Development? Evidence for ASEAN Selected Countries," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 22(1), pages 1-20, Winter.
    21. Gomes, Orlando, 2007. "Externalities in R&D: a route to endogenous fluctuations," MPRA Paper 2850, University Library of Munich, Germany.
    22. George Petrakos & Panagiotis Artelaris, 2009. "European Regional Convergence Revisited: A Weighted Least Squares Approach," Growth and Change, Wiley Blackwell, vol. 40(2), pages 314-331, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:far:spaeco:y:2020:i:1:p:24-50. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sergey Rogov (email available below). General contact details of provider: https://edirc.repec.org/data/ecrinru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.