Regional convergence in Russia: Estimating an augmented Solow model

Aleksey Oshchepkov, Hartmut Lehmann and Maria Giulia Silvagni

Economic Systems, 2023, vol. 47, issue 4

Abstract: This paper studies convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. By applying the system GMM technique we estimate growth equations that are directly derived from the classic Solow model, augmented with human capital and migration and considering possible spatial effects. Our main estimates establish a convergence rate of around 2% per year. While interregional migration and interdependencies of the growth of Russian regions contribute to the convergence process, the role of human capital is ambiguous: when we employ system GMM we do not find any significant impact of human capital on regional growth no matter how we measure human capital, while pooled OLS estimates establish a positive contribution.

Keywords: Convergence; Economic growth; Regional economics; Migration; Russia (search for similar items in EconPapers)
JEL-codes: O47 P25 R11 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecosys:v:47:y:2023:i:4:s0939362523000626

DOI: 10.1016/j.ecosys.2023.101128

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