Fractal analysis of divergent economic development of Russian Regions
Abstract
The purpose of the paper is to test the hypothesis of persistent divergent development of Russia’s regions. The authors applied fractal analysis to identify stable patterns in the dynamics of per capita monetary income of regional populations. The obtained values of the Hurst exponent and fractal dimension for the analyzed variables confirm the authors’ hypothesis about the persistence of interregional inequality based on the selected indicator. High values of the Hurst exponent and fractal dimension in some regions indicate an increase in interregional inequality. Regions with stable growth will continue to develop faster, while lagging regions will fall further behind. The results of our study highlight the importance of developing and implementing regional economic strategies aimed at reducing inequality and supporting less developed regions. The use of fractal analysis and the Hurst exponent in our research allowed for a deeper understanding of the dynamics and structural features of regional economic development, complementing traditional methods of economic analysis. The authors concluded that the dynamics of per capita monetary income exhibit a strong dependence on previous values, which on one hand indicates resilience to external shocks, and on the other hand suggests a conservation of existing trends towards divergence in the trajectories of economic development across the country’s regions.
About the Authors
M. V. Dubovik
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor in Economics, Associate Professor
S. G. Dmitriev
Plekhanov Russian University of Economics, Bryansk branch
Russian Federation
Russian Federation
Ph.D. in Economics, Researcher
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Review
For citations:
Dubovik M.V., Dmitriev S.G. Fractal analysis of divergent economic development of Russian Regions. Kazan economic vestnik. 2024;1(4):33-40. (In Russ.)
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