Interbudgetary Transfers as a Stimulation Mechanism of Regional Growth

Anna A. Mikhaylova ()
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Anna A. Mikhaylova: Institute for Public Finance Reform, Moscow 125009, Russia

Finansovyj žhurnal — Financial Journal, 2017, issue 3, 49-56

Abstract: The article analyzes the opportunities for financial incentives for regional development in the Russian Federation. On the basis of econometric research the author confirms the existence of ?-convergence at the level of Russian regions and makes conclusions on how intergovernmental transfers affect the economic growth. The article also shows that intergovernmental transfers have a positive effect on the regional growth, and intergovernmental subsidies have the maximum stimulating effects comparing to other types of transfers.

Keywords: intergovernmental transfers; grants; structure of the regional economy; financial incentives; convergence (search for similar items in EconPapers)
JEL-codes: E62 H71 H77 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:170304:p:49-56

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