Article
Before the isolation: Russian regional β‑convergence 2001–2019 before the pandemic and Ukrainian war
Economic Change and Restructuring
(2023)
Abstract
Using a general method of moments (GMM) aggregate production function adjusted
for spatial autocorrelation, Russian regions 2001–2019 are found to exhibit no β
convergence/divergence before 2009, 1% convergence 2009–2014 and then none
again 2015–2019. Both human and physical capital contribute to aggregate growth
as neoclassical theory predicts. Spatial autocorrelation suggests the measurement of
spatial regional interdependence in Russia is more complex than in the U.S., EU or
Mexico with the standard use of adjacent borders or railroad distances data not cap‑
turing regional interdependency. At the beginning of 2020, Russia’s regions had not
transitioned to intensive instead of extensive growth making regional growth stagna‑
tion and no further convergence likely in the decade to come.
Keywords
- human capital,
- Russian regions,
- Convergence
Disciplines
Publication Date
Summer June 26, 2023
DOI
10.1007/s10644-023-09531-7
Citation Information
Gregory J. Brock and Vicente G German-Soto. "Before the isolation: Russian regional β‑convergence 2001–2019 before the pandemic and Ukrainian war" Economic Change and Restructuring Vol. 56 Iss. 4 (2023) p. 2729 - 2746 Available at: http://works.bepress.com/gregory_brock/216/