A long-run perspective on Latvian regional gross domestic product inequality, 1925–2016

Autor: Ola Honningdal Grytten, Zenonas Norkus, Jurgita Markevičiūtė, Jānis Šiliņš
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Baltic Journal of Economics, Vol 24, Iss 1, Pp 88-115 (2024)
Druh dokumentu: article
ISSN: 1406099X
2334-4385
1406-099X
DOI: 10.1080/1406099X.2024.2325232
Popis: This paper for the first time calculates the historical regional GDP (rGDP) for an Eastern European country by using the methodology of Frank Geary and Tom Stark [2002. Examining Ireland's post-famine economic growth performance. The Economic Journal, 112(482):919–935]. The estimates cover the period 1925–1935 and are made for the historical Latvian regions Kurzeme, Vidzeme, Zemgale, Latgale, and Riga as well as within the contemporary NUTS3 units. The results are compared with the GDP disparity of the NUTS3 regions of the restored independent Latvia (2001–2016). The main findings are that the sigma divergence remained stable. Direct comparisons of regional growth rates indicate that economically more advanced regions were more sensitive to business cycles than less advanced regions. Hence, sigma divergence seems to prevail in times of high growth and convergence in times of low growth.
Databáze: Directory of Open Access Journals
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