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Budget Policy and Economic Growth

Author

Listed:
  • G. Idrisov
  • S. Sinelnikov-Murylev.

Abstract

The paper analyzes the prior approaches to budget policy implementation in the context of accelerating economic growth. The authors review the academic issues of short and long term economic growth and discuss the Russian budget policy opportunities and constraints. The authors conclude that (1) in the current situation Russia has quite limited budget measures to smooth economic growth; (2) options to raise total government spending in short and middle-run perspective are absent, and, thus, (3) it is needed to change the expenditure structure along with transforming budget institutions in order to create preconditions for long-run economic growth.

Suggested Citation

  • G. Idrisov & S. Sinelnikov-Murylev., 2013. "Budget Policy and Economic Growth," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
  • Handle: RePEc:nos:voprec:2013-08-2
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    Citations

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    Cited by:

    1. Timushev, Evgeny, 2016. "Independence Decrease and Centralization: Analysis of Expenditures of the Consolidated Budget of the Komi Republic," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 131-152, August.
    2. repec:eee:rujoec:v:2:y:2016:i:1:p:1-22 is not listed on IDEAS
    3. Georgy Idrisov & Sergey Sinelnikov-Murylev, 2014. "Forming Sources for a Long-run Growth: How to Understand Them?," Working Papers 0096, Gaidar Institute for Economic Policy, revised 2014.
    4. Sergey Sinelnikov-Murylev & Eugene Goryunov & Laurence Kotlikoff, 2015. "Theoretical foundations of fiscal gap as a long-term fiscal sustainability indicator and its estimates for Russia," Research Paper Series, Gaidar Institute for Economic Policy, issue 168P, pages 1-58.
    5. Idrisov, Georgiy & Ponomarev, Yuriy & Sinelnikov-Murylev, Sergei, 2015. "Terms of trade and economic development of modern Russia," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 7-37.
    6. repec:nos:voprec:2017-09-1 is not listed on IDEAS
    7. Goryunov, Yevgeniy, 2016. "Theoretical foundations, properties and interpretation of the budget gap indicators," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 112-132, April.
    8. Sergey Sinelnikov-Murylev & Sergey Drobyshevsky & Maria Kazakova & Michael Alexeev, 2016. "Decomposition of Russia's GDP Growth Rates," Research Paper Series, Gaidar Institute for Economic Policy, issue 167P, pages 123-123.
    9. repec:eee:rujoec:v:1:y:2015:i:3:p:240-256 is not listed on IDEAS
    10. Musaev, Rasul & Malakhov, Anton, 2014. ""Budget Law" in Russia: experience and prospects," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 161-170, December.
    11. repec:eee:rujoec:v:1:y:2015:i:1:p:4-29 is not listed on IDEAS
    12. repec:eee:rujoec:v:3:y:2017:i:3:p:221-239 is not listed on IDEAS
    13. Sinelnikov-Murylev, Sergei & Drobyshevskiy, Sergei & Kazakova, Maria, 2014. "Decomposition of the russian GDP growth rate in 1999-2014," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 7-37, October.

    More about this item

    Keywords

    economic growth; budget policy; government spending.;

    JEL classification:

    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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