TERRITORIAL LOCATION OF PRODUCTION FACTORS IN THE RUSSIAN FEDERATION: EQUALITY OR EFFICIENCY?
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TERRITORIAL LOCATION OF PRODUCTION FACTORS IN THE RUSSIAN FEDERATION: EQUALITY OR EFFICIENCY?
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Andrey V. Belov 
Edition
Pages
49-57
Abstract
This paper presents a non-econometric estimation of the production function for the federal districts of Russia over the period from 1996 to 2004. The empirical results show that the regional allocation of employment does not correlate with the marginal productivity of labor, but the distribution of capital stocks to be closely connected to the marginal productivity of capital. In such an environment, alternative ways of allocating public investment can boost total output but usually also widen territorial income gaps. The promotion of both growth and equality simultaneously is possible in the case of sufficient income-elastic labor mobility and efficiency-oriented investment policy.
Date of publication
01.10.2008
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101
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