Fiscal Federalism And Regional Development In Russia
Western economies with high-level performances such as the US, Germany and Switzerland are often organized as federations. In contrast to Russia, these federations display strong and well-designed structures of different levels of government institutions. International experience suggests that well- designed institutional structures are an important precondition for a strong and effective fiscal system. This paper thus focuses on the issue of asymmetric information and transaction costs between the center and the regions in the Russian Federation. Is the revision of the fiscal scheme a solution to the immense budgetary problems? What can Russia learn from the experiences of other countries?
Volume (Year): 18 (2003)
Issue (Month): ()
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