TY - JOUR
T1 - New Evidence of Regional Income Divergence in post-Reform Russia
AU - Akhmedjonov, Alisher
AU - Lau, Marco Chi Keung
AU - Izgi, Berna Balci
PY - 2013
Y1 - 2013
N2 - 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.
AB - 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.
KW - Russia
KW - Regional income convergence
KW - Nonlinear panel unit root test
KW - ESTAR
UR - http://www.tandfonline.com/toc/raec20/current
U2 - 10.1080/00036846.2012.665600
DO - 10.1080/00036846.2012.665600
M3 - Article
VL - 45
SP - 2675
EP - 2682
JO - Applied Economics
JF - Applied Economics
SN - 0003-6846
IS - 18
ER -