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Correlation Analysis of the Debt Burden on the Budgets of the Russian Federation Subjects in 2005–2016

Author

Listed:
  • Vladislav V. Bukharsky

    (Lomonosov Moscow State University, Moscow, Russia)

  • Evgeniya Y. Vetrova

    (National Research University Higher School of Economics, Moscow, Russia)

  • Alexey M. Lavrov

    (National Research University Higher School of Economics, Moscow, Russia)

Abstract

In 2005–2016 the public debt and the debt burden on the budgets of the Russian Federation subjects have increased significantly. Hence the need for greater responsibility of regional authorities in debt policy matters.

Suggested Citation

  • 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.
    • Handle: RePEc:fru:finjrn:170601:p:9-24
    as

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    References listed on IDEAS

    as
    1. Olivier Blanchard & Andrei Shleifer, 2001. "Federalism With and Without Political Centralization: China Versus Russia," IMF Staff Papers, Palgrave Macmillan, vol. 48(4), pages 1-8.
    2. 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.
    3. de Mello, Luiz Jr, 2000. "Fiscal Decentralization and Intergovernmental Fiscal Relations: A Cross-Country Analysis," World Development, Elsevier, vol. 28(2), pages 365-380, February.
    4. Mikhail V. Milchakov, 2016. "Budgets of Russian Regions: Government Debt Accumulation and Public Spending," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 66-78, June.
    5. 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.
    6. A. Tabakh & D. Andreeva., 2015. "Debt Strategies of Russian Regions," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    7. Weingast, Barry R., 2009. "Second generation fiscal federalism: The implications of fiscal incentives," Journal of Urban Economics, Elsevier, vol. 65(3), pages 279-293, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public debt of the Russian Federation subjects; debt burden; budgets of the Russian Federation subjects; structure of public debt; dynamics of public debt; correlation analysis;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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