Temporal and spatial dependence of interregional risk sharing: Evidence from Russia
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F21%3A43915133" target="_blank" >RIV/62156489:43110/21:43915133 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1017/S1365100518000706" target="_blank" >https://doi.org/10.1017/S1365100518000706</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1017/S1365100518000706" target="_blank" >10.1017/S1365100518000706</a>
Alternative languages
Result language
angličtina
Original language name
Temporal and spatial dependence of interregional risk sharing: Evidence from Russia
Original language description
We present an analysis of interregional consumption risk sharing in Russia between 1999 and 2009 using novel estimation methods. In addition to standard fixed-effects panel estimations, we use system and difference GMM estimators to reflect time dynamic Q2 properties and possible endogeneity between output and consumption. Furthermore, we apply spatial models that control for spatial dependence across regions. The results show that regional consumption deviations from the national average are highly persistent in time and space. Nevertheless, the regional consumption risk sharing in Russia is relatively high with 70%-90% of idiosyncratic risk being smoothed. Finally, fiscal policy and the degree of financial development appear to contribute to the consumption smoothing.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Macroeconomic Dynamics
ISSN
1365-1005
e-ISSN
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Volume of the periodical
25
Issue of the periodical within the volume
1
Country of publishing house
US - UNITED STATES
Number of pages
23
Pages from-to
178-200
UT code for WoS article
000609106000009
EID of the result in the Scopus database
2-s2.0-85065074641