Empirical analysis of regional economic performance in Russia: Human capital perspective
Having 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.
|Date of creation:||2012|
|Date of revision:|
|Contact details of provider:|| Postal: D-70593 Stuttgart|
Web page: http://www.globalization-and-employment.de/
More information through EDIRC
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.:
- David Roodman, 2006.
"How to Do xtabond2: An Introduction to "Difference" and "System" GMM in Stata,"
103, Center for Global Development.
- David Roodman, 2009. "How to do xtabond2: An introduction to difference and system GMM in Stata," Stata Journal, StataCorp LP, vol. 9(1), pages 86-136, March.
- A.V.Koritzky, 2007. "Human capital: assessing its impact on incomes of the population in Russian regions," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 4.
- 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.
- Serge Coulombe & Jean-François Tremblay, 2001.
"Human capital and regional convergence in Canada,"
Journal of Economic Studies,
Emerald Group Publishing, vol. 28(3), pages 154-180, September.
When requesting a correction, please mention this item's handle: RePEc:zbw:hohpro:382012. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.