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01659nam a2200205Ia 4500 |
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10.1177-1091142118804245 |
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220511s2019 CNT 000 0 und d |
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|a 10911421 (ISSN)
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245 |
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|a Fiscal Decentralization, Budget Discipline, and Local Finance Reform in Russia’s Regions
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260 |
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|b SAGE Publications Inc.
|c 2019
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|z View Fulltext in Publisher
|u https://doi.org/10.1177/1091142118804245
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|a Using a panel of Russian regions, we estimate the link between intraregional fiscal decentralization and regional budget deficits. Although Russia’s regions are not as autonomous (either politically or fiscally) as regions in some other federal states, we obtain robust and statistically and economically significant results. Specifically, expenditure decentralization has a positive effect on consolidated regional budget balances, while transfer dependence of municipalities is associated with higher deficits. The impact of revenue decentralization depends on whether a regional government can use its tax revenue assignments with the same high degree of discretion that generally characterizes explicit fiscal transfers. We show that a 2009 local finance reform that limited the discretion of regional governments to assign regional tax revenue to municipalities has changed the effect of tax decentralization on budget discipline. © The Author(s) 2018.
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|a budget discipline
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|a fiscal federalism
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|a Russian economy
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700 |
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|a Alexeev, M.
|e author
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|a Avxentyev, N.
|e author
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|a Mamedov, A.
|e author
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|a Sinelnikov-Murylev, S.G.
|e author
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773 |
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|t Public Finance Review
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