Financial decentralization and economic growth in regions of the Russian Federation

A.V.Belov

Journal "Region: Economics and Sociology", 2008, vol. 1

Abstract: Our analysis of the statistical data over 2000-2005 shows positive correlation between centralization of fiscal expenditures and GDP dynamics in most units of the Russian Federation. Nevertheless, not any increase in federal subsidies stimulates an economic growth because, among others factors, regional fiscal investments rather than centralized ones influence more positively on a speed of a regional growth. To increase the part of federal fiscal money transferred to conditional investment projects in regions could be considered an optimal strategy of intergovernmental relations from the point of view of higher economic growth rates.

Date: 2008
Note: Regional Policy and Economic Issues of Federalism
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2008-1_3

Access Statistics for this article

More articles in Journal "Region: Economics and Sociology" from Institute of Economics and Industrial Engineering of Siberian Branch of RAS
Bibliographic data for series maintained by Galina Cheverda ().