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Interbudgetary Transfers as a Stimulation Mechanism of Regional Growth

Author

Listed:
  • Anna A. Mikhaylova

    (Institute for Public Finance Reform, Moscow 125009, Russia)

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.

Suggested Citation

  • Anna A. Mikhaylova, 2017. "Interbudgetary Transfers as a Stimulation Mechanism of Regional Growth," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 49-56, June.
    • Handle: RePEc:fru:finjrn:170304:p:49-56
    as

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    References listed on IDEAS

    as
    1. Vladimir V. Klimanov & Anna M. Korotkikh, 2016. "The Allocation of Intergovernmental Transfers: Theoretical Background and the Russian Practice," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 7-15, October.
    2. Barro, Robert J, 1999. "Notes on Growth Accounting," Journal of Economic Growth, Springer, vol. 4(2), pages 119-137, June.
    3. Vladislav V. Bukharsky & Alexey M. Lavrov, 2017. "Impact Evaluation of the Equalizing and Stimulating Effects of Intergovernmental Transfers to the Subjects of the Russian Federation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 9-21, February.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Anna A. Mikhaylova & Vladimir V. Klimanov, 2018. "The Model of Budgetary Federalism in India: Similarities and Differences Comparing to Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 61-70, February.
    2. Vladislav V. Bukharsky & Evgeniya Y. Vetrova & Alexey M. Lavrov, 2017. "Correlation Analysis of the Debt Burden on the Budgets of the Russian Federation Subjects in 2005–2016," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 9-24, December.
    3. Igor Yu. Arlashkin, 2020. "Intergovernmental Fiscal Instruments for Stimulating Regional Economic Growth in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 54-68, December.

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    More about this item

    Keywords

    intergovernmental transfers; grants; structure of the regional economy; financial incentives; convergence;
    All these keywords.

    JEL classification:

    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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