Publishing House SB RAS:

Publishing House SB RAS:

Address of the Publishing House SB RAS:
Morskoy pr. 2, 630090 Novosibirsk, Russia



Advanced Search

Region: Economics and Sociology

2008 year, number 1

Financial decentralization and economic growth in regions of the Russian Federation

Belov, A.V.

Abstract

Our analysis of the statistical data over 2000-2005 shows positive correlation between centralization of fiscal expenditures and GDP dynamics in most units of the Russian Federation. Nevertheless, not any increase in federal subsidies stimulates an economic growth because, among others factors, regional fiscal investments rather than centralized ones influence more positively on a speed of a regional growth. To increase the part of federal fiscal money transferred to conditional investment projects in regions could be considered an optimal strategy of intergovernmental relations from the point of view of higher economic growth rates.