Fiscal decentralization and regional economic growth: Theory, empirics, and the Russian experience

Andrey Yushkov

Russian Journal of Economics, 2015, vol. 1, issue 4, 404-418

Abstract: The article addresses the theoretical and empirical relation between fiscal decentralization and economic growth. An empirical analysis of Russian regions for 2005–2012 shows that excessive expenditure decentralization within the region, which is not accompanied by the respective level of revenue decentralization, is significantly and negatively related to regional economic growth. In contrast, regional dependence on intergovernmental fiscal transfers from the federal center is positively associated with economic growth.

Keywords: fiscal decentralization; economic growth; Russian regions. (search for similar items in EconPapers)
JEL-codes: H70 H77 O18 O47 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (29)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:rujoec:v:1:y:2015:i:4:p:404-418

DOI: 10.1016/j.ruje.2016.02.004

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