Budget Policy and Economic Growth

Georgy Idrisov and Sergey Sinelnikov-Murylev

Working Papers from Gaidar Institute for Economic Policy

Abstract: This article examines the relationship between government budgetary policy and the pursuit of accelerated economic growth. The authors review the academic debate over long-term economic growth and associated short-term fluctuations and conclude that Russian budgetary intended to smooth fluctuations in economic activity are of limited effect and that there are no opportunities for increasing public expenditure in the medium and long-term. For these reasons, the structure of expenditures must be changed and budgetary institutions must be transformed with a view to creating the preconditions for economic growth in the long-term.

Keywords: economic growth; budgetary policy; government expenditure. (search for similar items in EconPapers)
JEL-codes: H5 O23 O4 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2013, Revised 2013
New Economics Papers: this item is included in nep-fdg, nep-gro, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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https://www.iep.ru/files/RePEc/gai/wpaper/0076Sinelnikov.pdf Revised version, 2013 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:wpaper:0076

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