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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. I. P. Glazyrina & L. M. Faleychik & A. A. Faleychik, 2021. "Institutional Policy and the Role of Foreign Direct Investment in the Far East of Russia," Regional Research of Russia, Springer, vol. 11(4), pages 625-637, October.
    2. Mary Oluwatoyin AGBOOLA & Mehmet BALCILAR, 2014. "Can food availability influence economic growth - the case of African countries," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 60(5), pages 232-245.
    3. Evgeniya Kolomak, 2020. "Spatial development of the post‐Soviet Russia: Tendencies and factors," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(4), pages 579-594, August.
    4. Gluschenko, Konstantin, 2010. "Methodologies of Analyzing Inter-Regional Income Inequality and Their Applications to Russia," MPRA Paper 66824, University Library of Munich, Germany.
    5. Anshuman Kamila & Meeta Keswani Mehra, 2021. "EXPLORING THE CONVERGENCE PUZZLE IN INDIA Combining neoclassical and endogenous models to understand growth experience of Indian states," IEG Working Papers 421, Institute of Economic Growth.
    6. Mustapha M. Kime & Mohammed Modu & Lawan A. Bukar, 2023. "Evaluation of the Determinants of Economic Growth in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 01-18, November.
    7. Hansjörg Blöchliger & Olivier Durand-Lasserve, 2018. "The drivers of regional growth in Russia: A baseline model with applications," OECD Economics Department Working Papers 1523, OECD Publishing.
    8. 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.
    9. 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.
    10. Gvozdeva, Margarita (Гвоздева, Маргарита) & Kazakova, Maria (Казакова, Мария), 2017. "Review of Theory and Practice of Analysis of Interregional Inequality [Обзор Теории И Практики Анализа Межрегионального Неравенства]," Working Papers 041702, Russian Presidential Academy of National Economy and Public Administration.
    11. Pavel I. Blus & Rustam V. Plotnikov, 2022. "Spatial clustering for reducing intraregional unevenness," Journal of New Economy, Ural State University of Economics, vol. 23(1), pages 88-108, April.
    12. 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.
    13. 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.
    14. Odongo, Maureen & Misati, Roseline Nyakerario & Kageha, Caren & Wamalwa, Peter Simiyu, 2023. "Sustainable financing, climate change risks and bank stability in Kenya," KBA Centre for Research on Financial Markets and Policy Working Paper Series 71, Kenya Bankers Association (KBA).
    15. Dmitriy Izotov, 2018. "Influence of Foreign Economic Activity on the Economic Growth of Russian Regions," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1450-1462.
    16. N. N. Mikheeva, 2016. "Comparative analysis of labor productivity in Russian regions," Regional Research of Russia, Springer, vol. 6(2), pages 105-114, April.
    17. K.P. Gluschenko (glu@nsu.ru ), 2010. "Income inequality in Russian regions: comparative analysis," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 4.
    18. Olga Demidova & Pierluigi Daddi & Ekaterina Medvedeva & Marcello Signorelli, 2018. "Modeling the Employment Rate in Russia: a Spatial-Econometric Approach," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1383-1398.
    19. Dmitriy Aleksandrovich Izotov, 2018. "Economic Growth and the Trade of Russian Regions," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 4, pages 92-114.
    20. Sergei Guriev & Elena Vakulenko, 2012. "Convergence between Russian regions," Working Papers w0180, New Economic School (NES).
    21. Cavusoglu, Nevin, 2012. "LISREL growth model on direct and indirect effects using cross-country data," Economic Modelling, Elsevier, vol. 29(6), pages 2362-2370.
    22. Andrey V. Belov, 2018. "Tax Revenues, public investments and economic growth rates: evidence from Russia," Journal of Tax Reform, Graduate School of Economics and Management, Ural Federal University, vol. 4(1), pages 45-56.

    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 - Political Economy and Comparative Economic Systems - - Socialist 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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