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Convergence across Russian regions: a spatial econometrics approach

Buccellato, T.; (2007) Convergence across Russian regions: a spatial econometrics approach. (Economics Working Papers 72). Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK. Green open access

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Abstract

This paper analyses the process of convergence across the regions of Russia using spatial econometrics tools in addition to the traditional β-convergence techniques as derived from the neoclassical theoretical setting. The spatial component appears to be non-negligible and, consequently, conventional convergence estimates suffer a bias due to spatial dependence across observations. Furthermore, variables such as hydrocarbon supply, openness to trade and FDI per capita are found to have an unambiguous, positive and statistically significant impact on growth (Results are also confirmed by the panel counterpart of the model. Estimates for this last are presented in the Appendix E).

Type: Working / discussion paper
Title: Convergence across Russian regions: a spatial econometrics approach
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ssees.ucl.ac.uk/wp72sum.htm
Language: English
Keywords: Convergence, spatial econometrics, Russian Federation
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: http://discovery.ucl.ac.uk/id/eprint/17480
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