ARTICLE TITLE: Cultural Diversity of the Russian Regions and Economic Growth
AUTHORS: Limonov L. , Nesena M.
ABSTRACT: The article is devoted to estimation of the impact of cultural diversity on economic growth in the Russian regions in the framework of the neoclassical theory of economic growth. The model developed by R.Barro and X.Sala-i-Martin, called β-convergence, was used as a theoretical basis for the study. The main finding is that cultural diversity has an impact on economic growth rate but in general does not affect the convergence of regions. So, in general, ethnic fragmentation of society is insignificant factor for income convergence of the regions, but in regions with a lower number of economically active population it is a negative factor for economic growth rate. Generally, diversity of the population by region and country of origin, generated by internal and international migration, is a significant positive factor for the economic growth of regions, but it happens at the expense of the regions with a higher population density. At the same time, the internal and international migration has no significant impact on the convergence of regions. Religious diversity has a statistically significant impact on the income growth rate only in regions with a small number of economically active population, and it is negative.
KEYWORDS: cultural diversity , ethnicity , migration , institutionalized and non-institutionalized religiosity , regional economics , economic growth , convergence