Russian budget structure efficiency: Empirical study

Alexei Kudrin and Alexander Knobel

Russian Journal of Economics, 2018, vol. 4, issue 3, 197-214

Abstract: This paper investigates the economic efficiency of Russian public expenditures in 2002–2016 by estimation of their multiplicative impact on the GDP level and economic growth. We use the empirical methodology based on Corsetti et al. (2012). We estimate a number of fiscal multipliers: on national security, law-enforcement activity, national defense, education, health care and sport and road infrastructure. For assessing the influence of budget structure on long-term economic growth rates, we estimate the SVAR model in which GDP growth is a structural variable. The research shows a positive influence of budgetary resources redistribution from non-productive government expenditures to productive ones on economic development.

Keywords: VAR; time series; fiscal policy; budget maneuver; national budget; structure of government; economic growth. (search for similar items in EconPapers)
JEL-codes: C32 H11 H30 H61 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jrujec:v:4:y:2018:i:3:p:197-214

DOI: 10.3897/j.ruje.4.30163

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