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External and internal factors of economic growth in subjects of the North Caucasus federal district

Gichiev N.S. PhD in Economics, Senior Rrsearcher, the Institute for Socio-Economic Research, the Dagestan Scientific Center, the Russian Academy of Sciences ( nabi-05@mail.ru )

Journal: Regional Economics: Theory and Pactice, #46, 2012

In article the main theories of regional economic growth in interrelation with endogenous and exogenous factors of development of international trade are considered, their strong and weaknesses are defined. On the basis of econometric methods influence of the external and internal factors on the economic growth of subjects of the North Caucasus federal district is analyzed, the matrix of their interaction is presented. The conclusion is drawn on a key role of the exogenous factors in the economic growth of the North Caucasus republics.


Regional convergence of economic growth: Spatial econometrics

Gichiev N.S. Institute of Social and Economic Research of Dagestan Scientific Center of RAS, Makhachkala, Republic of Dagestan, Russian Federation ( nabi-05@mail.ru )

Journal: Regional Economics: Theory and Pactice, #1, 2018

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.


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