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Budget Policy and Economic Growth

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  • Georgy Idrisov

    (Gaidar Institute for Economic Policy)

  • Sergey Sinelnikov-Murylev

    (Gaidar Institute for Economic Policy)

Abstract

This article examines the relationship between government budgetary policy and the pursuit of accelerated economic growth. The authors review the academic debate over long-term economic growth and associated short-term fluctuations and conclude that Russian budgetary intended to smooth fluctuations in economic activity are of limited effect and that there are no opportunities for increasing public expenditure in the medium and long-term. For these reasons, the structure of expenditures must be changed and budgetary institutions must be transformed with a view to creating the preconditions for economic growth in the long-term.

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File URL: http://www.iep.ru/files/RePEc/gai/wpaper/0076Sinelnikov.pdf
File Function: Revised version, 2013
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Bibliographic Info

Paper provided by Gaidar Institute for Economic Policy in its series Working Papers with number 0076.

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Length: 41 pages
Date of creation: 2013
Date of revision: 2013
Handle: RePEc:gai:wpaper:0076

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Keywords: economic growth; budgetary policy; government expenditure.;

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