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Intraregional (Local) Fiscal Decentralization and Investment in Fixed Assets in Russia

E. N. Timushev ()
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E. N. Timushev: Institute of Socio-Economic and Energy Problems of the North of the Federal Research Center, Komi Science Center, Ural Branch, Russian Academy of Sciences

Studies on Russian Economic Development, 2021, vol. 32, issue 1, 87-97

Abstract: Abstract— The article shows that the effect of local fiscal decentralization on investment is characterized by an inverted U-shaped relationship. According to data for 2009–2016, the greatest incentives for private investment in the regions of Russia appeared with expenditure and revenue decentralization equal to 33–36%. However, the overall level of investment is higher precisely with revenue decentralization. The loss of private investment due to a lack of local authority could reach 6.5 thousand rubles/person.

Keywords: expenditure decentralization; revenue decentralization; private investment; nonlinear dependence; local budget; quantile regression (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1134/S1075700721010147

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