haku: @indexterm Russia / yhteensä: 841
viite: 185 / 841
| Tekijä: | Matheson, T. |
| Otsikko: | Does fiscal redistribution discourage local public investment? Evidence from transitional Russia |
| Lehti: | Economics of transition
2005 : VOL. 13:1, p. 139-162 |
| Asiasana: | Russia |
| Vapaa asiasana: | Fiscal federalism Public investment Regional economics |
| Kieli: | eng |
| Tiivistelmä: | This article examines the determinants of regional (oblast-level) public investment in transitional Russia, focusing on the effects of federal fiscal redistribution. A model of local government expenditure in the presence of regional asymmetries shows that revenue redistribution from wealthy to poor regions discourages local public investment. According to regional panel data 1994-97, non-republics have a lower propensity to invest out of transfers than out of own income, as do regions with above-median per capita income. Republics reduce public investment more than current spending in response to higher federal taxation. Russia's 'asymmetrical federalism' thus creates different fiscal incentives for different types of regions. |
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