E3S Web Conf.
Volume 301, 2021VI International Scientific Conference “Territorial Inequality: a Problem or Development Driver” (REC-2021)
|Number of page(s)||7|
|Section||Regional Convergence and Divergence|
|Published online||06 August 2021|
Impact of industrial specialization and economic development on income inequality in the regions of Russia
Ural Federal University, Graduate School of Economics and Management, Mira str.19, Ekaterinburg, 620002, Russia
* Corresponding author: firstname.lastname@example.org
The degree of income differentiation depends on many factors, including the level of regional economic development, production structure and industrial specialization. In this paper, we assess the impact of the industrial specialization of Russian regions on income inequality measured by the Gini coefficient. Based on the regional data over the period 2005 to 2018, we build an econometric model applying the Arellano-Bover / Blundell-Bond estimation method. We use shares of the main industries in gross regional product to describe production structure of regions. The modelling results show that the classic Kuznets curve is not empirically supported for the regions of Russia. Besides, we find that the larger the share of mining, manufacturing, construction, trade and financial sector in GRP, the higher the inequality in the region, while the share of agriculture does not affect it significantly.
Key words: regional inequality / industrial specialization / incomes of the population
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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