Russia is a federation of more than 80 regions spanning across a huge territory. Natural resource endowment, inherited industrial specialization, remoteness and climate conditions contribute to large regional disparities. This paper presents an empirical framework model for assessing determinants of regional growth in Russia between 2004 and 2015 with an extension to include sub-national fiscal policies. Baseline results show convergence rates of regional GDP per capita in line with the 2% “iron law of convergence” between countries. Capital investment, and public investment in particular, is a stronger driver of regional growth than in most OECD countries.
تحقيق الحياد الصفري في المملكة العربية السعودية بحلول عام 2060: المسارات الأقل تكلفة، وأسعار النفط العالمية، والتبعات الاقتصادية
Russia is a federation of more than 80 regions spanning across a huge territory. Natural…
30th نوفمبر 2023Fiscal Policy in Oil and Gas-exporting Economies: Good Times, Bad Times and Ugly Times
Russia is a federation of more than 80 regions spanning across a huge territory. Natural…
12th سبتمبر 2023