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Testing Kuznets' Hypothesis for Russian Regions: Trends and Interpretations

Author

Listed:
  • James Alm

    (Department of Economics, Tulane University)

  • Ruslan A. Grigoriev

    (Professor of Economics, Kazan Innovative University)

  • Marat V. Kramin

    (Professor of Applied Mathematics, Kazan Innovative University)

  • Timur V. Kramin

    (Professor of Economics, Kazan Innovative University)

Abstract
The paper established a number of "stylized facts", one of which is a confirmation of S. Kuznets' hypothesis of the nonlinear dependence between the degree of inequality in income distribution and welfare economic systems on the example set of Russian regions for the period 2002-2012. It is shown that, for a given sample, the welfare and economic growth factors amplifies their influence on inequality in income distribution in the post-crisis period. Observed before the 2008 crisis, monotonous growth of income inequality in the process of raising the per capita GRP is slowing in the post-crisis period, and for the foreseeable future, in some regions, its direction can be reversed, while maintaining a trend of socio-economic development. Despite the persistence over time of a convex nature of S. Kuznets' curve for Russian regional data its parameters are changed during the reporting 2002-2012 period. The maximum point of the curve shifts to the left, its convexity increases. These facts indicate that the growth of income inequality Russian regions as a result of growth of per capita GRP is slowing. For some regions in the post-crisis period (after 2008), income inequality does not grow with the growth of per capita gross regional product, or it even reduces. This fact can be attributed to the implementation of the Russian federal socially oriented projects and programs in recent years. The results of the presented paper can be used for the implementation of regional economic policy in order to regulate the level of inequality in income distribution in the regions of Russia.

Suggested Citation

  • James Alm & Ruslan A. Grigoriev & Marat V. Kramin & Timur V. Kramin, 2016. "Testing Kuznets' Hypothesis for Russian Regions: Trends and Interpretations," Working Papers 1622, Tulane University, Department of Economics.
    • Handle: RePEc:tul:wpaper:1622
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    File URL: http://repec.tulane.edu/RePEc/pdf/tul1622.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Inequality of income distribution; economic growth; the Gini coefficient; the competitiveness of regions; regression modeling; gross regional product.;
    All these keywords.

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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