KFU. Card publication. Savings Rates and Consumption Convergence in Regions: Spatial Analysis

KAZAN
FEDERAL UNIVERSITY

- RUS
- 中文
- ES

SAVINGS RATES AND CONSUMPTION CONVERGENCE IN REGIONS: SPATIAL ANALYSIS

Form of presentation

Articles in international journals and collections

Year of publication

2022

Язык

английский

Authors, employees of KFU

Bagautdinova Nailya Gumerovna, author

Kadochnikova Ekaterina Ivanovna, author

Bibliographic description in the original language

Bagautdinova N, Kadochnikova E., Savings Rates and Consumption Convergence in Regions: Spatial Analysis//Industrial Engineering and Management Systems. - 2022. - Vol.21, Is.2. - P.228-237.

Annotation

The savings rate reflects the preferences between current and future consumption. Sustainable development implies ensuring the same volume of consumption of the current and future generations. The purpose of the study is to measure the β-convergence of average consumption growth rates in the long term, taking into account spatial relationships on the Russia's regions panel data from 2014 to 2019. We used Moran and Geary spatial correlation indices, econometric model with spatial lag, maximum likelihood method. The convergence of consumption in the regions and greater growth in weak regions, the positive impact of per capita cash income on the average growth rate of consumer spending in the regions is shown. We show the negative impact of the savings rate on the consumption average growth rate per capita and lack of influence of digitization variables.We also find spatial cooperation of consumption in the regions. The scientific novelty lies in measuring the spatial correlation and convergence of consumer spending in Russian regions. The main conclusions of the article can be used in scientific and practical activities in the implementation of the concept of sustainable development of regions based on an institutional approach, taking into account spatial differentiation.

Keywords

Savings Rate , Consumption Convergence , Sustainable Development , Spatial Econometric Models

The name of the journal

Industrial Engineering and Management Systems

URL

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85134770081&doi=10.7232%2fiems.2022.21.2.228&partnerID=40&md5=0269e279e4a42d2562a5ea81f4f3e0e2

Please use this ID to quote from or refer to the card

https://repository.kpfu.ru/eng/?p_id=271623&p_lang=2

Full metadata record

Field DC	Value	Language
dc.contributor.author	Bagautdinova Nailya Gumerovna	ru_RU
dc.contributor.author	Kadochnikova Ekaterina Ivanovna	ru_RU
dc.date.accessioned	2022-01-01T00:00:00Z	ru_RU
dc.date.available	2022-01-01T00:00:00Z	ru_RU
dc.date.issued	2022	ru_RU
dc.identifier.citation	Bagautdinova N, Kadochnikova E., Savings Rates and Consumption Convergence in Regions: Spatial Analysis//Industrial Engineering and Management Systems. - 2022. - Vol.21, Is.2. - P.228-237.	ru_RU
dc.identifier.uri	https://repository.kpfu.ru/eng/?p_id=271623&p_lang=2	ru_RU
dc.description.abstract	Industrial Engineering and Management Systems	ru_RU
dc.description.abstract	The savings rate reflects the preferences between current and future consumption. Sustainable development implies ensuring the same volume of consumption of the current and future generations. The purpose of the study is to measure the β-convergence of average consumption growth rates in the long term, taking into account spatial relationships on the Russia's regions panel data from 2014 to 2019. We used Moran and Geary spatial correlation indices, econometric model with spatial lag, maximum likelihood method. The convergence of consumption in the regions and greater growth in weak regions, the positive impact of per capita cash income on the average growth rate of consumer spending in the regions is shown. We show the negative impact of the savings rate on the consumption average growth rate per capita and lack of influence of digitization variables.We also find spatial cooperation of consumption in the regions. The scientific novelty lies in measuring the spatial correlation and convergence of consumer spending in Russian regions. The main conclusions of the article can be used in scientific and practical activities in the implementation of the concept of sustainable development of regions based on an institutional approach, taking into account spatial differentiation.	ru_RU
dc.language.iso	ru	ru_RU
dc.subject	Savings Rate	ru_RU
dc.subject	Consumption Convergence	ru_RU
dc.subject	Sustainable Development	ru_RU
dc.subject	Spatial Econometric Models	ru_RU
dc.title	Savings Rates and Consumption Convergence in Regions: Spatial Analysis	ru_RU
dc.type	Articles in international journals and collections	ru_RU