New evidence of regional income divergence in post-reform Russia

Akhmedjonov, Alisher, Lau, Chi Keung and Izgi, Berna Balcı (2013) New evidence of regional income divergence in post-reform Russia. Applied Economics, 45 (18). pp. 2675-2682. ISSN 0003-6846

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Abstract

This article investigates regional income convergence in Russia during 2000–2008. We test the hypothesis in which income divergence across regions of the country should give place to income convergence as the country moves toward free market economy with strong market institutions. The study contributes to the existing literature by using the exponential smooth autoregressive Augmented Dickey–Fuller (ADF) unit root test in a panel setup, a novel econometric technique, which encompasses cross sectional dependence. Results show strong evidence of on-going regional income divergence in post-reform period.

Item Type:	Article
Uncontrolled Keywords:	Russia, regional income convergence, nonlinear panel unit root test, ESTAR
Subjects:	L100 Economics
Department:	Faculties > Business and Law > Newcastle Business School
Depositing User:	Chi Keung Lau
Date Deposited:	12 Sep 2013 13:05
Last Modified:	19 Nov 2019 09:51
URI:	http://nrl.northumbria.ac.uk/id/eprint/13509

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