Regional Disparities and Fiscal Federalism in Russia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513573640
Total Pages : 42 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Regional Disparities and Fiscal Federalism in Russia by : Oksana Dynnikova

Download or read book Regional Disparities and Fiscal Federalism in Russia written by Oksana Dynnikova and published by International Monetary Fund. This book was released on 2021-05-20 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how regional disparities have evolved in Russia and how Russia’s system of intergovernmental fiscal relations is managing these disparities. Regional disparities have fallen over the past two decades but remain relatively high. Socioeconomic outcomes remain worse in lagging regions despite faster growth and convergence in income levels. The twin shocks of COVID-19 and lower oil prices appear to have impacted richer regions disproportionately. Compared to other large countries with federal systems of government, Russia stands out with its high reliance on direct taxes as a revenue source for its regions. Transfers from the federal budget to the regions provide some redistribution by reducing the dispersion in real per capita fiscal spending, but also tend to be associated with lower growth. The Russian fiscal system offers degrees of redistribution and risk sharing of around 26 and 18 percent, respectively—with in-kind social transfers contributing the most. Finally, federal transfers in the aggregate tend to be procyclical and are also fairly unresponsive to shocks to regions’ own revenues.

Russia and the Challenge of Fiscal Federalism

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Author :
Publisher : Ashgate Publishing
ISBN 13 : 9781859722251
Total Pages : 300 pages
Book Rating : 4.7/5 (222 download)

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Book Synopsis Russia and the Challenge of Fiscal Federalism by : Christine Wallich

Download or read book Russia and the Challenge of Fiscal Federalism written by Christine Wallich and published by Ashgate Publishing. This book was released on 1996 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines Russia's system of intergovernmental finances as it operates at difference levels of government. It explains why such relations are critical to Russia's national goals and proposes the design of a well-functioning intergovernmental fiscal system. The book addresses two of the most divisive issues facing the federation today: the demands for fiscal sovereignty by the regions and the assignment of the revenues from natural resources to either the federal or regional level. It suggests that given Russia's need for growth, a new system should allow the better-off regions to derive some additional benefit from their larger tax base while also creating a formula-based equilization mechanism for transfers to poorer regions.

Intergovernmental Reforms in the Russian Federation

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821379684
Total Pages : 152 pages
Book Rating : 4.3/5 (796 download)

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Book Synopsis Intergovernmental Reforms in the Russian Federation by : Migara O. De Silva

Download or read book Intergovernmental Reforms in the Russian Federation written by Migara O. De Silva and published by World Bank Publications. This book was released on 2009-07-29 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is a comprehensive review of fiscal federalism in the Russian Federation. It presents a strong case for greater decentralization. By succinctly surveying the literature on fiscal decentralization and clearly spelling out the main concepts, the volume sets the stage for the subsequent description of the fiscal system in Russia and its evolution through a succession of reforms guided by a desire on the part of Russian policymakers to craft a workable system of fiscal federalism. The authors not only describe the state of fiscal federalism in Russia at its key turning points, but they also provide insightful critical assessments of the reforms introduced at each stage. The book is rich with examples, which makes it an easy and exciting reading. The book's analysis of the history gives perspective to the authors' assessment of the current state of Russia's federalism. The authors make a strong case for greater decentralization in Russia based not only on the traditional economic benefits of fiscal federalism but also on the political benefits from local government competition. The richness of detail and the careful tracing of the reforms over the past nearly two decades also mean that this study will be an invaluable guide to both current observers with academic and policy interest in the recent fiscal federalism reforms as well as Russia's fiscal evolution since the early 1990s and its current fiscal challenges.

Russia's Transition to a New Federalism

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821348406
Total Pages : 120 pages
Book Rating : 4.3/5 (484 download)

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Book Synopsis Russia's Transition to a New Federalism by : Jorge Martinez-Vazquez

Download or read book Russia's Transition to a New Federalism written by Jorge Martinez-Vazquez and published by World Bank Publications. This book was released on 2001-01-01 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: WBI Learning Resources discuss issues in economic development policy and lessons from experience in a way that can be understood by non-specialists. This is the first in a series that will look at governance and decentralisation and looks at the implications of federalism on the growth of Russia's economy. In particular it looks at the impact of fiscal decentralisation as the way intergovernmental finances are resolved influences the transition and macroeconomic stability.

Russia and the challenge of fiscal federalism

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Author :
Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (777 download)

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Book Synopsis Russia and the challenge of fiscal federalism by : Christine I. Wallich

Download or read book Russia and the challenge of fiscal federalism written by Christine I. Wallich and published by . This book was released on 1994 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federalism in China and Russia

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1788972198
Total Pages : 279 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis Federalism in China and Russia by : Alexander Libman

Download or read book Federalism in China and Russia written by Alexander Libman and published by Edward Elgar Publishing. This book was released on 2019 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book offers a comparative analysis of center-region relations in Russia and in China. The authors focus in particular on fiscal ties and incentives, bureaucratic and local government practices, flows of information, and the determinants of divergence between both countries. The book is based on a synthesis of a large body of empirical and theoretical evidence, and will appeal to scholars in public economics, political economy and comparative politics, as well as to students and policy analysts.

Fiscal Federalism and Regional Performance

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484330668
Total Pages : 23 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Fiscal Federalism and Regional Performance by : Gabriel Di Bella

Download or read book Fiscal Federalism and Regional Performance written by Gabriel Di Bella and published by International Monetary Fund. This book was released on 2017-11-22 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sound regional policies are essential for balanced and sustained economic growth. The interaction of federal and regional policies with cross-regional structural differences affect human and physical capital formation, the business climate, private investment, market depth, and competition. This paper summarizes the main elements of Russia's fiscal federalism, describes the channels through which it operates, and assesses the effectiveness of regional transfers in reducing regional disparities. The results suggest that federal transfers to regions contributed to reducing disparities arising from heterogeneous regional tax bases and fiscal revenues. This allowed regions with initially lower per capita income to increase human and physical capital at higher rates. There is little evidence for transfers contributing to increased cross-regional growth synchronization. The results also suggest that federal transfers did not significantly improve regional fiscal sustainability, a conclusion that is supported by the lack of convergence in per capita real income across Russian regions in the last 15 years.

Fiscal Federalism in Russia

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Fiscal Federalism in Russia by : Kitty Stewart

Download or read book Fiscal Federalism in Russia written by Kitty Stewart and published by Edward Elgar Publishing. This book was released on 2000 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the combined impact of decentralization and diversity on regional equality of service provision in Russia, and in particular on the provision of education. It begins with an analysis of the system of intergovernmental transfers and goes on to explore the nature and extent of disparities in education spending, paying particular attention to regions where spending has fallen furthest.

Reforming Regional-local Finance in Russia

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821365584
Total Pages : 222 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Reforming Regional-local Finance in Russia by : Jorge Martinez-Vazquez

Download or read book Reforming Regional-local Finance in Russia written by Jorge Martinez-Vazquez and published by World Bank Publications. This book was released on 2006-01-01 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The exposition is based on an analytical framework covering all ?building blocks? of fiscal federalism: size and structure of jurisdictions, expenditures, revenues, transfers, and borrowing. The application of this framework to Russian settings results in a comprehensive assessment of the state of intergovernmental fiscal relations in Russia.

Decentralization in Regional Fiscal Systems in Russia

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4./5 ( download)

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Book Synopsis Decentralization in Regional Fiscal Systems in Russia by : Lev M. Freinkman

Download or read book Decentralization in Regional Fiscal Systems in Russia written by Lev M. Freinkman and published by World Bank Publications. This book was released on 1999 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: April 1999 - Considering the positive impact decentralization has had on regional economic performance and expenditure structure, Russia's federal government should: Decisively protect local self-governance and budget autonomy; Make intergovernmental fiscal relations more transparent; Develop universal models of interactions between regional and municipal governments; Impose stricter limits on total debt and budget deficits of subnational governments. To shed light on decentralization in Russia, Freinkman and Yossifov examine intergovernmental fiscal relations within regions. To analyze trends, they review channels of fiscal allocation within regions-tax sharing and local transfer schemes. To evaluate the potential impact of various fiscal decentralization patterns on regional economic performance (including growth and the budget deficit), they study data on the structure of 89 Russian consolidated regional budgets for 1992-96. They find that local governments' relative share of Russia's consolidated budget, although substantive (roughly a quarter of the total budget), did not expand after 1994. The federal government's relative role in financing public goods and services declined as the relative role of local governments increased substantially. Local governments collected more revenues in 1996 (6.4 percent of GDP) and spent more than regional governments. They also substantially increased social financing (including health, education, and social protection). Russia made no progress toward a more transparent system for tax assignments. The average level of expenditure decentralization is similar for ethnically Russian regions and national republics and okrugs but revenue arrangements differ greatly. True decentralization has taken place in oblasts and krais, where local authorities are provided with a bigger share of subnational tax revenues. A redistribution model applies in republics and autonomous okrugs, where greater local outlays have been financed through larger transfers from regional governments. Regions near each other tend to have similar budget arrangements-the result of intensive interactions between neighbors and probably supported by the activities of regional associations. The size of a region's territory does not influence decentralization outcomes. Fiscal decentralization seems positively related to the share of education spending in regional budgets. And regions with more decentralized finances tend to experience less economic decline. But budget control is weaker in more decentralized regions. Instability and lack of transparency in intergovernmental fiscal relations provide subnational governments little incentive for responsible fiscal policy. Further decentralization without greater transparency could bring greater debt and deficits. This paper-a product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region - is part of a larger effort in the unit to study fiscal decentralization in transition economies. Lev Freinkman may be contacted at [email protected].

Defining Federalism in Russia

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Author :
Publisher :
ISBN 13 :
Total Pages : 510 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Defining Federalism in Russia by : Elizabeth Pascal

Download or read book Defining Federalism in Russia written by Elizabeth Pascal and published by . This book was released on 2000 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federalism and Regional Policy in Contemporary Russia

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Author :
Publisher : Routledge
ISBN 13 : 1317136144
Total Pages : 202 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis Federalism and Regional Policy in Contemporary Russia by : Andrey Starodubtsev

Download or read book Federalism and Regional Policy in Contemporary Russia written by Andrey Starodubtsev and published by Routledge. This book was released on 2018-01-02 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do Russian leaders balance the need to decentralize governance in a socially and politically complex country with the need to guarantee political control of the state? Since the early 2000s Russian federal authorities have arranged a system of political control on regional elites and their leaders, providing a "police control" of special bodies subordinated by the federal center on policy implementation in the regions. Different mechanisms of fiscal federalism and investment policy have been used to ensure regional elites’ loyalty and a politically centralized but administratively decentralized system has been created. Asking clear, direct, and theoretically informed questions about the relationship between federalism, decentralization and authoritarianism, this book explores the political survival of authoritarian leaders, the determinants of policy formulation, and theories of federalism and decentralization, to reach a new understanding of territorial governance in contemporary Russia. As such, it is an important work for students and researchers in Russian studies and regional and federal studies.

Who Pays the Piper Call the Tune

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Author :
Publisher :
ISBN 13 :
Total Pages : 770 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Who Pays the Piper Call the Tune by : Jennifer Daniell Belissent

Download or read book Who Pays the Piper Call the Tune written by Jennifer Daniell Belissent and published by . This book was released on 2000 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federalism and Democratization in Post-Communist Russia

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Author :
Publisher : Manchester University Press
ISBN 13 : 9780719058707
Total Pages : 196 pages
Book Rating : 4.0/5 (587 download)

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Book Synopsis Federalism and Democratization in Post-Communist Russia by : Cameron Ross

Download or read book Federalism and Democratization in Post-Communist Russia written by Cameron Ross and published by Manchester University Press. This book was released on 2002 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comparative analysis of the electoral systems, party systems and governmental systems in the ethnic republics and regions of Russia and their impact on democratization and federalism, moving the focus of research from the national level to the vitally important processes of institution building and democratization at the local level and to the study of federalism in Russia.

Fiscal Decentralization

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Author :
Publisher : Washington, D.C. : World Bank
ISBN 13 :
Total Pages : 170 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Fiscal Decentralization by : Christine Wallich

Download or read book Fiscal Decentralization written by Christine Wallich and published by Washington, D.C. : World Bank. This book was released on 1992 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federalism and democratisation in Russia

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Author :
Publisher : Manchester University Press
ISBN 13 : 184779534X
Total Pages : 278 pages
Book Rating : 4.8/5 (477 download)

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Book Synopsis Federalism and democratisation in Russia by : Cameron Ross

Download or read book Federalism and democratisation in Russia written by Cameron Ross and published by Manchester University Press. This book was released on 2013-07-19 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. Building on earlier work, this text combines theoretical perspectives with empirical work, to provide a comparative analysis of the electoral systems, party systems and governmental systems in the ethnic republics and regions of Russia. It also assesses the impact of these different institutional arrangements on democratization and federalism, moving the focus of research from the national level to the vitally important processes of institution building and democratization at the local level and to the study of federalism in Russia.

Russian Fiscal Federalism

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Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (84 download)

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Book Synopsis Russian Fiscal Federalism by : Michael V. Alexeev

Download or read book Russian Fiscal Federalism written by Michael V. Alexeev and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extent of political and fiscal centralization in Russia has experienced dramatic changes since the end of the Soviet era. The heavily centralized, both politically and economically, federal structures became dysfunctional and unstable until the introduction of the Budget and Tax Codes over the last decade induced a relative clarity to revenue assignments and expenditure and management responsibilities of different levels of government. While the creation of federal districts and the elimination of elections of regional governors in 2005 have brought a substantial rise of political centralization, the reforms had an ambiguous effect on fiscal centralization and fiscal independence of the regions, the estimation of which is addressed in this paper. We use an updated and extensive dataset and apply a novel estimation technique by evaluating the response of regional government's expenditures to changes in the size of the GRP (gross regional product) and to changes in the region's tax collections. While the results related to regional shares of tax revenues and expenditures are somewhat ambiguous, the examination of marginal fiscal incentives suggests an increase in fiscal centralization in Russia over the last decade. Our investigation also indicates that, contrary to Treisman's (2000) conjecture, no decline in the variability of tax revenues had taken place in the last decade. We also show that the recent variability of GRP has been smaller than for tax revenues but greater than for budget expenditures, which stresses the effectiveness of budget equalization policies of the central government. Finally, we briefly addressed the issue of intra-regional fiscal relations, which is of crucial importance for political and economic progress of the country.