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Spatial Econometric Modeling of Economic Growth in Russian Regions: Do Institutions Matter?

Пространственно-эконометрическое моделирование экономического роста российских регионов: имеют ли значение институты?

Olga Demidova () and Elizat Kamalova ()
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Olga Demidova: National Research University Higher School of Economics
Elizat Kamalova: National Research University Higher School of Economics

Economic Policy, 2021, vol. 2, 34-59

Abstract: The authors weakened this assumption about the independence of the influence of the region with respect to its characteristics, replacing constant coefficients at spatial lags with linear functions characterizing the quality of institutions and the degree of business activity in the region under consideration: the level of entrepreneurial activity in the region, the index of the region's provision of banking services, and the investment potential of the region. Using the modified model, the authors were able to test and empirically confirm the hypothesis that the higher the quality of the institutional environment and the degree of business activity in a region, the more sensitive it is to influences from neighboring regions.

Keywords: economic growth; spatial effects; business activity; Durbin's spatial model; investment potential; banking services (search for similar items in EconPapers)
Date: 2021
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