Intergovernmental Fiscal Instruments for Stimulating Regional Economic Growth in Russia

Fiscal Transfers and Regional Economic Growth

In the aftermath of the financial crisis, with periphery countries in the European Union even more falling behind the core countries economically, there have been quests for various kind of fiscal policies in order to revert divergence. How these policies would unfold and perform comparatively is largely unknown. We analyze four such stylized policies in an agent-based macroeconomic model and s...

Intergovernmental Fiscal Transfers: Some Lessons

World Bank Institute Intergovernmental Fiscal

Intergovernmental Fiscal Transfers in Asia 2 Intergovernmental Fiscal Transfers : Concepts , International Practice , and Policy Issues

There is a large conceptual and empirical literature on intergovernmental fiscal transfers. Drawing on this work and examples from various countries, we provide in this chapter a broad overview of the theory and practice of intergovernmental transfers, with particular focus on developing countries. We begin with a review of the main objectives of intergovernmental transfers and the criteria use...

Regional Development and Regional Policy in Russia During Ten Years of Economic Growth

The paper shows spatial disparities in regional social and economic development under the influence of resource-related, geographic, scale and institutional factors. Leading and lagging regions are determined. Regional policy priorities are estimated in accordance with opportunities and barriers of spatial development of Russia.