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Fiscal Federalism in Russia: Soft Budget Constraints of Regional Governments

Author

Listed:
  • Sergey Sinelnikov

    (Gaidar Institute for Economic Policy)

  • Pavel Kadochnikov

    (Gaidar Institute for Economic Policy)

  • Ilya Trunin

    (Gaidar Institute for Economic Policy)

  • Sergey Chetverikov

    (Gaidar Institute for Economic Policy)

  • Marianne Vigneault

Abstract

The study has reviewed the experience of foreign countries in the sphere of implementation of respective measures designed to prevent the emergence of soft budget constraints imposed on subnational authorities in a situation of fiscal decentralization. Also, a number of theoretic simulation models have been built and analyzed that describe the interactions arising between the central government and regional authorities while specific variants of budget policy are being selected. Certain hypotheses concerning the existence of soft budget constraints in the regions of the Russian Federation are empirically tested.

Suggested Citation

  • Sergey Sinelnikov & Pavel Kadochnikov & Ilya Trunin & Sergey Chetverikov & Marianne Vigneault, 2006. "Fiscal Federalism in Russia: Soft Budget Constraints of Regional Governments," Published Papers 47, Gaidar Institute for Economic Policy, revised 2012.
    • Handle: RePEc:gai:ppaper:47
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/47Sinelnikov.pdf
    File Function: Revised version, 2012
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    References listed on IDEAS

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    Cited by:

    1. Vladislav V. Bukharsky, 2021. "Fiscal Decentralization and Incentives of Local Authorities in the Russian Federation," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 114-129, April.

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    More about this item

    Keywords

    fiscal federalism; soft budget constraints; Russian economy;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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