REVIEW OF THE BUDGET SUPPORT SYSTEM FOR THE AGRICULTURAL SECTOR IN RUSSIA

Olga Shik, Eugenia Serova and Renata Yanbykh
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Olga Shik: http://www.hse.ru/en/org/persons/228667497
Renata Yanbykh: http://www.hse.ru/en/org/persons/227807451

Public administration issues, 2020, issue 2, 145-167

Abstract: This article summarizes the results of the Russian Agricultural Public Expenditure Review (PER). PER studies are conducted by the World Bank on a regular basis. This study evaluates the level and structure of budget support to agriculture in Russia and its contribution to the long-term economic growth of the sector. We analyze, to what extent can the economic growth demonstrated by the Russian agriculture in recent years be attributed to the budget support policy and suggest how the redistribution of funds to different means of support may increase this impact. The effect of the budget support to agriculture on economic growth in agricultural sector is evaluated using the model developed by Lopez and Galinato (2007) (fixed-effects model). The federal budget support evaluation is supplemented by an analysis of inter-budget relations in agriculture. The data confirm that budget support has a positive impact on agricultural growth; however, other factors have more prominent effect. In order to increase the efficiency of the budget support system in agriculture it is recommended to increase the transparency of budget support, redirect support by subsidies for producers towards general services, increase support for research and innovations, ensure the stability of support policies and limit the ability of the regions to obstruct competition through agricultural policies.

Keywords: agricultural economy; support for agriculture; efficiency of budget expenditures; inter-budget relations; subsidies (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:nos:vgmu00:2020:i:2:p:145-167

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