Gichiev N.S.Institute of Social and Economic Research of Dagestan Scientific Center of RAS, Makhachkala, Republic of Dagestan, Russian Federation email@example.com ORCID id: not available
Subject This article analyzes the theoretical-methodological and empirical aspects of the processes of σ-and β-convergence of economic growth in the regions of the Southern and North Caucasian Federal Districts between 1998 and 2014. The study tests for the presence of σ-convergence and β-convergence. Objectives The article aims to simulate and analyze trends in the dynamics of between-subject inequality using σ-convergence and β-convergence of economic growth in the regions of the North Caucasian and Southern Federal Districts. Methods For the study, I applied methodological tools of statistical and econometric analyses. Results The calculation of the regression equations shows that in the regions of the Southern and North Caucasian Federal Districts, there are a σ-convergence and absolute β-convergence. On the basis of β-convergence model, two β-convergence characteristics of velocity (ν) and time (τ) are defined. Conclusions The analysis of the convergence processes on the gross regional product confirms the presence of different rates of catching-up development in the Southern and North Caucasian Federal Districts, which may lead in the long term to the divergence of the macro-region's economic growth pace and trajectories.
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