The European Journal of Comparative Economics

ISSN: 1824-2979

EJCE Year: 2008, June. Volume: 5 - Issue: 1

Determinants of Economic Growth: Empirical Evidence from Russian Regions

by Svetlana Ledyaeva ; Mikael Linden

Start page: 87 - End page: 105

Keywords: Russian regions ; economic growth

Jel code: E22; P27; F21

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.

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