Regional volatility in emerging countries: the case of Russia
An uneven distribution of natural resources and the Soviet legacy of artificial regional specialization expose Russia's regions to large income shocks. Using an unique regional dataset covering Russian regions between 1992 and 2003, we assess how these features influence the magnitude and persi...
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| Veröffentlicht in: | The economics of transition 2009-01, Vol.17 (1), p.97-120 |
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| container_title | The economics of transition |
| container_volume | 17 |
| creator | Kwon, Goohoon Spilimbergo, Antonio |
| description | An uneven distribution of natural resources and the Soviet legacy of artificial regional specialization expose Russia's regions to large income shocks. Using an unique regional dataset covering Russian regions between 1992 and 2003, we assess how these features influence the magnitude and persistence of regional income shocks. We propose a novel measure of regional exogenous shocks that we use to show that fiscal policy in Russia's regions has largely been pro-cyclical, exacerbating rather than moderating regional exogenous shocks. Reprinted by permission of Blackwell Publishers |
| doi_str_mv | 10.1111/j.1468-0351.2009.00342.x |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0967-0750 |
| ispartof | The economics of transition, 2009-01, Vol.17 (1), p.97-120 |
| issn | 0967-0750 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37234985 |
| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Decentralization Fiscal policy Labour mobility Regional economics Russian Federation Transition economies Vector-autoregressive models |
| title | Regional volatility in emerging countries: the case of Russia |
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