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Determinants of Economic Growth: Empirical Evidence from Russian Regions

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  • 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.

Suggested Citation

  • Svetlana Ledyaeva & Mikael Linden, 2008. "Determinants of Economic Growth: Empirical Evidence from Russian Regions," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 5(1), pages 87-105, June.
  • Handle: RePEc:liu:liucej:v:5:y:2008:i:1:p:87-105
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    Cited by:

    1. Ichiro Iwasaki & Keiko Suganuma, 2015. "Foreign direct investment and regional economic development in Russia: an econometric assessment," Economic Change and Restructuring, Springer, vol. 48(3), pages 209-255, November.
    2. H. Lehmann & M. G. Silvagni, 2013. "Is There Convergence of Russia’s Regions? Exploring the Empirical Evidence: 1995 – 2010," Working Papers wp901, Dipartimento Scienze Economiche, Universita' di Bologna.
    3. Konstantin Gluschenko, 2010. "Methodologies of Analyzing Inter-Regional Income Inequality and Their Applications to Russia," William Davidson Institute Working Papers Series wp984, William Davidson Institute at the University of Michigan.
    4. Adrino Mazenda, 2016. "The Effect of BRICS Trade Relations on South Africa’s Growth," EERI Research Paper Series EERI RP 2016/11, Economics and Econometrics Research Institute (EERI), Brussels.
    5. Cavusoglu, Nevin, 2012. "LISREL growth model on direct and indirect effects using cross-country data," Economic Modelling, Elsevier, vol. 29(6), pages 2362-2370.
    6. Levoshko, Tamila, 2016. "Wie beeinflussen die politische Lage und FDI das Wirtschaftswachstum? Empirische Evidenz für die Ukraine und Polen," Working Papers 0615, University of Heidelberg, Department of Economics.
    7. Gvozdeva, Margarita & Kazakova, Maria, 2017. "Review of Theory and Practice of Analysis of Interregional Inequality," Working Papers 041702, Russian Presidential Academy of National Economy and Public Administration.

    More about this item

    Keywords

    Russian regions ; economic growth;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; 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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