High-income Russian regions near each other experience strong convergence process
The article looks at how different regions in Russia are catching up economically. By studying data from 1998 to 2006, the researchers found that regions with similar income levels tend to converge over time. They also discovered that regions near each other with high incomes are more likely to converge. This means that the speed of economic convergence in Russia is slower than in other countries, especially when considering the influence of neighboring regions.