|Generate QR code
Open Access
Subscription Access
The impact of intergovernmental fiscal transfers on economic growth and the structure ofthe regional economy
https://doi.org/10.32609/0042-8736-2018-1-91-103
Abstract
The article studies the influence of various types of intergovernmental fiscal transfers on economic growth in Russia. With the help of econometric models, the authors show that the Russian practice testifies to the influence of certain types of intergovernmental fiscal transfers on economic growth; in addition, the hypothesis about the effects of transfers for specific purposes on the transformation of the regional economy structure is confirmed. In particular, this conclusion is put forward by the example of the industry “Agriculture, hunting and forestry”.
Keywords
intergovernmental fiscal transfers,
grants,
regional growth,
financial incentives,
economic structure
JEL: E62; H71; H77
About the Authors
A. A. Mikhaylova
Institute for Public Finance Reform
Russian Federation
Russian Federation
V. V. Klimanov
Institute for Public Finance Reform
Russian Federation
Russian Federation
A. I. Safina
Institute for Public Finance Reform
Russian Federation
Russian Federation
References
1. Barakhovsky A. C., Busarova A. V., Vaksova E. E., Efimov I. L. (2005). Monitoring of the quality of subnational public finance management. Moscow: LENAND. (In Russian).
2. Bukharsky V. V., Lavrov A. M. (2017). Impact evaluation of the equalizing and stimulating effects of intergovernmental transfers to the subjects of the Russian Federation. Finansovyi Zhurnal, No. 1, pp. 9—21. (In Russian).
3. Drobyshevsky S., Lugovoi O., Astafieva E. et al. (2005). Factors of economic growth in the regions of the Russian Federation. Moscow: IEP Publ. (In Russian).
4. Zubarevich N. V., Safronov S. G. (2013). Inequality of socio-economic development of regions and cities of Russia in the 2000s: Growth or decline? Obshchestvennye Nauki i Sovremennost, No. 6, pp. 15—26. (In Russian).
5. Zubarevich N. (2015). Regional dimension of the new Russian crisis. Voprosy Ekonomiki, No. 4, pp. 37—52. (In Russian).
6. Klimanov V. V., Lavrov A. M. (2004). Intergovernmental fiscal relations in Russia at the present stage. Voprosy Ekonomiki, No. 11, pp. 111—125. (In Russian).
7. Klimanov V. V., Mikhaylova A. A. (2016). Budgets of highly-subsidized subjects of the Russian Federation: Measures to ensure a balance. Vestnik AKSOR, No. 1, pp. 76—83. (In Russian).
8. Lavrov A. M. (2005). Budget reform in Russia. From cost management to results management. Moscow: KomKniga. (In Russian).
9. Musgrave R. A., Musgrave P. B. (2009). Public finances: Theory and practice. Moscow: Business Atlas. (In Russian).
10. Mikhaylova A. A. (2016). Expenditure commitments, revenue powers and providing balance in a federal state. In: N. A. Chernysheva (ed.). Issues of federal support for socio-economic development of regions: Collection of articles. Moscow: IROF. (In Russian).
11. Mikhaylova A. A. (2017). Interbudgetary transfers as a stimulation mechanism of regional growth. Finansovyi Zhurnal, No. 3, pp. 9—21. (In Russian).
12. Pchelintsev O. S. (2004). Regional economy in the system of sustainable development. Moscow: Nayka. (In Russian).
13. Khristenko V. B. (2002). Intergovernmental fiscal relations and management of regional finances: Experience, problems, prospects. Moscow: Delo Publ. (In Russian).
14. Yushkov A., Oding N., Savulkin L. (2017). The trajectories of donor regions in Russia. Voprosy Ekonomiki, No. 9, pp. 83—97. (In Russian).
15. Gonzales Alegre J. (2010). Decentralization and composition of public expenditure in Spain. Regional Studies, Vol. 44, No. 8, pp. 1067-1083.
16. Oates W. (1999). An essay on fiscal federalism. Journal of Economic Literature, Vol. 37, No. 3, pp. 1120-1149.
17. Oates W. E. (2008). On the evolution of fiscal federalism: Theory and institutions. National Tax Journal, Vol. LXI, No. 2, pp. 313-334. Available at: http://www. ntanet.org/NTJ/61/2/ntj-v61n02p313-34-evolution-fiscal-federalism-theory.pdf
18. OECD (2012). Promoting growth in all regions. P.: OECD Publ.
19. Shah A., Boadway R. (2009). Fiscal federalism: Principles and practices of multiorder governance. Cambridge: Cambridge University Press.
20. Tiebout C. M. (1956). A pure theory of local expenditures. Journal of Political Economy, Vol. 64, No. 5, pp. 416-424.
21. Zhuravskaya E. (2010). Federalism in Russia. In: Russia after the global economic crisis. Washington, D.C.: Peterson Institute for International Economics, pp. 59-77.
Review
For citations:
Mikhaylova A.A., Klimanov V.V., Safina A.I. The impact of intergovernmental fiscal transfers on economic growth and the structure ofthe regional economy. Voprosy Ekonomiki. 2018;(1):91-103. (In Russ.) https://doi.org/10.32609/0042-8736-2018-1-91-103
Views:
1720
Email this article 
