Social Sciences
3 years ago

Regional Convergence in Russia Sparks Economic Growth Across the Nation

SSRN Electronic Journal
Regional Convergence in Russia: Estimating A Neoclassical Growth Model
Hartmut Lehmann, Aleksey Oshchepkov, Maria Giulia Silvagni

Paper Summary

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The article examines regional convergence in Russia using a neoclassical growth model. The researchers found that regions in Russia are indeed converging economically, meaning that poorer regions are catching up to wealthier ones over time. This suggests that economic growth is spreading more evenly across the country.