The Impact of Gross Regional Product Per Capita on the Processes of Convergence between Different Regions of the Country
The purpose of this study was to analyses the dynamics of gross regional product per capita within the regions of Russia from 2005 to 2020, with the objective of examining the presence of convergence among these administrative and territorial units. Beta and sigma convergence methodologies were uti...
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| Format: | Article |
| Language: | English |
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Qubahan
2025-01-01
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| Series: | Qubahan Academic Journal |
| Online Access: | https://journal.qubahan.com/index.php/qaj/article/view/931 |
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| author | Mayya Dubovik Sergey Dmitriev Madina Aitkazina |
| author_facet | Mayya Dubovik Sergey Dmitriev Madina Aitkazina |
| author_sort | Mayya Dubovik |
| collection | DOAJ |
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The purpose of this study was to analyses the dynamics of gross regional product per capita within the regions of Russia from 2005 to 2020, with the objective of examining the presence of convergence among these administrative and territorial units. Beta and sigma convergence methodologies were utilized. Beta convergence refers to the tendency of poorer regions or countries to grow faster than richer ones, leading to income equalization. Sigma convergence indicates a reduction in disparities between regions or countries over time, reflected in decreasing income variance. Those concepts are relevant for Russia as they highlight the potential for reducing regional economic disparities and fostering balanced growth across its diverse regions. The speed of convergence was calculated using both ordinary least squares and nonlinear least squares methods, revealing that eliminating a 50% gap in GRP per capita among Russian regions would take approximately 902 and 821 years, respectively. Thereby, evidence of sigma convergence was not found, implying that the inequality among these regions remained statistically insignificant from 2005 to 2020. The analyzed period was characterized by divergent processes within the economy of the Russian regions. The study fills the gap by highlighting the absence of sigma convergence, indicating persistent inequality in economic results across Russian regions despite globalization trends that typically contribute to convergence. Further research is necessary to understand the underlying reasons for this divergence.
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| format | Article |
| id | doaj-art-a3534d19ea334ecf9badb3e6721e0b4a |
| institution | Kabale University |
| issn | 2709-8206 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Qubahan |
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| series | Qubahan Academic Journal |
| spelling | doaj-art-a3534d19ea334ecf9badb3e6721e0b4a2025-02-03T10:11:22ZengQubahanQubahan Academic Journal2709-82062025-01-014410.48161/qaj.v4n4a931931The Impact of Gross Regional Product Per Capita on the Processes of Convergence between Different Regions of the CountryMayya Dubovik 0Sergey Dmitriev 1Madina Aitkazina2Department of Economic Theory, Plekhanov Russian University of Economics, Moscow 115093, Russia;Department of Economic Theory, Plekhanov Russian University of Economics, Moscow 115093, Russia;Faculty of Economics and Business, Almaty Technological University, Almaty 050012, Kazakhstan. The purpose of this study was to analyses the dynamics of gross regional product per capita within the regions of Russia from 2005 to 2020, with the objective of examining the presence of convergence among these administrative and territorial units. Beta and sigma convergence methodologies were utilized. Beta convergence refers to the tendency of poorer regions or countries to grow faster than richer ones, leading to income equalization. Sigma convergence indicates a reduction in disparities between regions or countries over time, reflected in decreasing income variance. Those concepts are relevant for Russia as they highlight the potential for reducing regional economic disparities and fostering balanced growth across its diverse regions. The speed of convergence was calculated using both ordinary least squares and nonlinear least squares methods, revealing that eliminating a 50% gap in GRP per capita among Russian regions would take approximately 902 and 821 years, respectively. Thereby, evidence of sigma convergence was not found, implying that the inequality among these regions remained statistically insignificant from 2005 to 2020. The analyzed period was characterized by divergent processes within the economy of the Russian regions. The study fills the gap by highlighting the absence of sigma convergence, indicating persistent inequality in economic results across Russian regions despite globalization trends that typically contribute to convergence. Further research is necessary to understand the underlying reasons for this divergence. https://journal.qubahan.com/index.php/qaj/article/view/931 |
| spellingShingle | Mayya Dubovik Sergey Dmitriev Madina Aitkazina The Impact of Gross Regional Product Per Capita on the Processes of Convergence between Different Regions of the Country Qubahan Academic Journal |
| title | The Impact of Gross Regional Product Per Capita on the Processes of Convergence between Different Regions of the Country |
| title_full | The Impact of Gross Regional Product Per Capita on the Processes of Convergence between Different Regions of the Country |
| title_fullStr | The Impact of Gross Regional Product Per Capita on the Processes of Convergence between Different Regions of the Country |
| title_full_unstemmed | The Impact of Gross Regional Product Per Capita on the Processes of Convergence between Different Regions of the Country |
| title_short | The Impact of Gross Regional Product Per Capita on the Processes of Convergence between Different Regions of the Country |
| title_sort | impact of gross regional product per capita on the processes of convergence between different regions of the country |
| url | https://journal.qubahan.com/index.php/qaj/article/view/931 |
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