New Evidence of Regional Income Divergence in post-Reform Russia

Alisher Akhmedjonov, Marco Chi Keung Lau, Berna Balci Izgi

Research output: Contribution to journalArticle

8 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)2675-2682
Number of pages8
JournalApplied Economics
Volume45
Issue number18
Early online date20 Apr 2012
DOIs
Publication statusPublished - 2013
Externally publishedYes

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