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Fiscal decentralization and regional economic growth: Theory, empirics, and the Russian experience
[journal article]
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 de... view more
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.... view less
Keywords
fiscal policy; decentralization; economic growth; fiscal equalization; regional difference; Russia
Classification
Public Finance
Document language
English
Publication Year
2015
Page/Pages
p. 404-418
Journal
Russian Journal of Economics, 1 (2015) 4
ISSN
2618-7213
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0