In January-July 2019, amid the upturn in industry driven mainly by resource-producing territories and sectors and weak growth in consumption the most serious problems were still the level of households' incomes and the volume of investments which fell in more than a half of regions. The housing...

This paper uses “extreme-bound”-type analysis to revisit the determinants behind widely differing economic growth in Russian regions. Using data of 77 regions for 1993-2004, it separately examines the growth drivers for the phase of economic decline up to 1998, and for the period of strong...

In the first five months of 2018, socio-economic dynamic improved; however, there was no sustainable growth in most regions. Russian territories' budgets have also improved: in the course of presidential elections, regional transfers have substantially grown, and so have social expenditures

Many studies have focused on spatial patterns in economic growth. For the case of Europe, these studies have indicated that growth is spatially dependent and that clustering as well as de-clustering are parts of economic development processes. The distribution dynamics approach has revealed...

This paper analyses the different factors that explain the pattern of economic growth in Spain along the last two decades, where has stood out the rapid growth of per capita income, capital accumulation and creation of employment. However, the most important structural phenomenon of the strong...

We discuss regional disparities in economic performance and living standards. We first set out some key facts, and provide a conceptual framework to help analyze whether such disparities are efficient, or instead reflect market and/or policy failures. We examine whether policy attempts to reduce...

The purpose of the current paper is to analyze the impact of regional potentials on the process of growth. How are different types of regions (e.g. medium sized [city] regions, rural regions, urban regions or metropolitan and high-tech cluster regions) affected by improved performance, and to...

The topic of regional economics and business cycles has attracted increasing attention in recent years. However, an analysis of the dynamics and the features of economic growth in different areas is hampered by the fact that official Italian GDP statistics at the regional level are not updated...