Tag: Region

ESTIMATE OF AN AVERAGE SITUATION OF REGIONS IN VALUE CHAINS

Evgenii LUKIN

Candidate of Sciences (Economic), Deputy Department Head, Vologda Research Center of the RAS, Russia

lukin_ev@list.ru

Abstract

The article considers an indicator that reflects an average position of industries and regions in value chains. It shows high differentiation of territorial distribution of its values in Russian economy. It determines a strong correlation between GRP per capita and an upstreamness index in the economy of Russian regions. The paper compares obtained results with the data on US economy.

Keywords: region, upstreamness, value chains, GRP

JEL classification: O18
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A NOTE ON OPTIMAL INCOME REDISTRIBUTION IN A CREATIVE REGION

Amitrajeet A. BATABYAL

Department of Economics, Rochester Institute of Technology, 92 Lomb Memorial Drive, Rochester, NY 14623-5604, USA.

aabgsh@rit.edu

Abstract

We study optimal income redistribution in a region that is creative in the sense of Richard Florida and thereby extend aspects of the recent analysis in Batabyal and Beladi (2017). Using the terminology of these researchers, members of the creative class are either artists or engineers. This bipartite grouping stems from the manner in which creative capital is acquired by the artists and the engineers. Specifically, we show that when the savings rates of the artists and the engineers comprising the creative class satisfy a particular inequality, it is possible for a regional authority (RA) to uniquely redistribute income between these two groups in a way that achieves the so called “golden rule” stock of physical capital.

Keywords: Creative Capital, Creative Class, Golden Rule, Income Redistribution, Region

JEL classification: R11, D31

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