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Intra-regional Equalization and Growth in Russia

Author

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  • Jorge Martinez-Vazquez

    (International Center for Public Policy, Georgia State University, PO Box 3992, Atlanta, 30302-3992, USA.)

  • Andrey Timofeev

    (International Center for Public Policy, Georgia State University, PO Box 3992, Atlanta, 30302-3992, USA.)

Abstract

Throughout the 1999–2008 growth streak, the dynamics of the economic recovery have been very uneven across Russian regions. Therefore, the determinants of regional economic growth are likely to have a strong sub-national level component. In this paper we examine the potential role played by the fiscal equalization performed by regional governments among their constituent localities. Our empirical results strongly suggest that intra-regional fiscal equalization has a substantial impact on regional growth. Specifically, we find the following policy tradeoff: one standard deviation higher level of intra-regional equalization translates into between 0.18 and 0.45 of a standard deviation lower rate of regional growth.

Suggested Citation

  • Jorge Martinez-Vazquez & Andrey Timofeev, 2014. "Intra-regional Equalization and Growth in Russia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 56(3), pages 469-489, September.
    • Handle: RePEc:pal:compes:v:56:y:2014:i:3:p:469-489
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    Cited by:

    1. Coates, Dennis & Mirkina, Irina, 2021. "Economic Freedom of the Russian Federation," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 51(1), January.
    2. Capella-Ramos, João & Checherita-Westphal, Cristina & Leiner-Killinger, Nadine, 2020. "Fiscal transfers and economic convergence," Occasional Paper Series 252, European Central Bank.
    3. Malkina, M. Yu., 2018. "The determinants of budget revenues of Russian regions," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 4(3), pages 95-104.

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