Authors: Olga Demidova
Addresses: Department of Applied Economics, National Research University, Higher School of Economics (HSE), Room 4331, 26 Shabolovka str., Moscow 119049, Russia
Abstract: The purpose of this study is to identify the spatial effects of the main macroeconomic indicators of the eastern and western regions of Russia. These regions differ significantly in population densities and distances between cities. The main research question is the following: how do events in one of the western or eastern regions affect similar indicators in other western and eastern regions? Our analysis revealed: 1) a positive spatial correlation of the main macroeconomic indicators for the western regions; 2) both positive and negative externalities for the eastern regions; 3) a mutual but asymmetric influence of eastern and western regions. Usually 'impulses' from the western regions have a positive effect on the eastern regions, but 'impulses' from the eastern regions usually do not affect the western regions.
Keywords: Russian regions; Russia; spatial effects; spatial econometric models; econometrics; macroeconomic indicators; externalities; asymmetric influence.
International Journal of Economic Policy in Emerging Economies, 2015 Vol.8 No.2, pp.153 - 168
Available online: 27 May 2015 *Full-text access for editors Access for subscribers Purchase this article Comment on this article