Fiscal Federalism in Russia: Soft Budget Constraints of Regional Governments

Sergey Sinelnikov-Murylev, Pavel Kadochnikov, Ilya Trunin, Sergey Chetverikov and Marianne Vigneault
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Ilya Trunin: Gaidar Institute for Economic Policy
Sergey Chetverikov: Gaidar Institute for Economic Policy
Authors registered in the RePEc Author Service: Илья Вячеславович Трунин

Published Papers from Gaidar Institute for Economic Policy

Abstract: The study has reviewed the experience of foreign countries in the sphere of implementation of respective measures designed to prevent the emergence of soft budget constraints imposed on subnational authorities in a situation of fiscal decentralization. Also, a number of theoretic simulation models have been built and analyzed that describe the interactions arising between the central government and regional authorities while specific variants of budget policy are being selected. Certain hypotheses concerning the existence of soft budget constraints in the regions of the Russian Federation are empirically tested.

Keywords: fiscal federalism; soft budget constraints; Russian economy (search for similar items in EconPapers)
JEL-codes: H30 H50 H77 (search for similar items in EconPapers)
Date: 2006, Revised 2012
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Citations: View citations in EconPapers (1)

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https://www.iep.ru/files/RePEc/gai/ppaper/47Sinelnikov.pdf Revised version, 2012 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:47

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