Gichiev N.S.Institute of Social and Economic Research of Dagestan Scientific Center of RAS, Makhachkala, Republic of Dagestan, Russian Federation firstname.lastname@example.org 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.
Coulombe S. Economic Growth and Provincial Disparity: A New View of an Old Canadian Problem. C.D. Howe Institute Commentary, 1999, iss. 122/123, pp. 1–36.
Hansen N.M. Development from Above: The Centre-down Development Paradigm. In: Stohr W. and D.R.F. Taylor (eds). Development from Above or Below? The Dialectics of Regional Planning in Developing Countries. Chichester, J. Wiley & Sons Ltd., 1981, pp. 15–38.
Perroux F. Note sur la Notion de Pôle de Croissance. Economique Appliquée, 1955, vol. 7, no. 1-2, pp. 307–320.
Schumpeter J. The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest and the Business Cycle. Cambridge, 1934, 255 p.
Barro R.J., Sala-I-Martin X. Convergence Across States and Regions. Brookings Papers on Economic Activity, 1991, no. 1, pp. 107–182. URL: Link
Lopez-Rodriguez J. Regional Convergence in the European Union: Results from a Panel Data Model. Economics Bulletin, 2008, vol. 18, no. 2, pp. 1–7. URL: Link
Baumol W.J. Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show. The American Economic Review, 1986, vol. 76, no. 5, pp. 1072–1085. Stable URL: Link
Afxentiou P.C., Serletis S. Convergence Across Canadian Provinces. Canadian Journal of Regional Science, 1998, vol. 21, pp. 111–126.
Barro R.J. Economic Growth in a Cross Section of Countries. The Quarterly Journal of Economics, 1991, vol. 106, no. 2, pp. 407–443. Stable URL: Link
Caselli F. Accounting for Cross-Country Income Differences. The Handbook of Economic Growth. Ed. by Ph. Aghion, S. Durlauf. Elsevier, 2005, vol. 1, pp. 679–741. URL: Link
Wong W.-K. Economic Growth: A Channel Decomposition Exercise. The B.E. Journal of Macroeconomics, 2007, vol. 7, iss. 1, art. 4. URL: Link
Wolff E.N. Capital Formation and Productivity Convergence Over the Long Term. The American Economic Review, 1991, vol. 81, no. 3, pp. 565–579. URL: Link
Bernard A.B., Jones C.I. Technology and Convergence. The Economic Journal, 1996, vol. 106, no. 437, pp. 1037–1044. URL: Link
Iodchin А.А. [Decomposition of interregional convergence in Russia]. Аudit i finansovyi analiz = Audit and Financial Analysis, 2007, no. 4, pp. 475–482. (In Russ.)
Drobyshevskii S., Lugovoi O., Astaf'eva E. et al. Faktory ekonomicheskogo rosta v regionakh RF [Factors of economic growth in the regions of the Russian Federation]. Moscow, Institute of Transition Economy Publ., 2005, 278 p.
Gichiev N.S. Ekonomicheskii rost makroregiona: determinanty regional'noi torgovoi integratsii i sotsial'no-ekonomicheskogo razvitiya [Economic growth of the macro-region: the determinants of regional trade integration and socio-economic development]. Moscow, Pero Publ., 2016, 246 p.