Author: Gabriel Di Bella
Publisher: International Monetary Fund
ISBN: 1484330161
Category : Business & Economics
Languages : en
Pages : 23
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Book Description
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.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264912959
Category :
Languages : en
Pages : 290
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Book Description
Fiscal Federalism 2022 surveys recent trends and policies in intergovernmental fiscal relations and subnational government. Accessible and easy-to-read chapters provide insight into: good practices in fiscal federalism; the design of fiscal equalisation systems; measuring subnational tax and spending autonomy; promoting public sector performance across levels of government; digitalisation challenges and opportunities; the role of subnational accounting and insolvency frameworks; funding and financing of local government public investment; and early lessons from the COVID-19 crisis for intergovernmental fiscal relations.
Author: Raj M. Desai
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 32
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Book Description
Author: Oksana Dynnikova
Publisher: International Monetary Fund
ISBN: 1513573640
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
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.
Author: Anwar Shah
Publisher: McGill-Queen's Press - MQUP
ISBN: 0773560440
Category : Political Science
Languages : en
Pages : 451
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Book Description
Contributors provide a fascinating account of how federal countries are confronting the traditional challenges of conflicts over division of fiscal powers while also coping with emerging challenges of globalization and citizen empowerment arising from the information revolution. They analyze how relationships and roles in different orders of government are being reshaped and show how local solutions inspired by global principles help strengthen government accountability and improve the quality of life for citizens.
Author: Kevin Michael Quinn
Publisher:
ISBN:
Category :
Languages : en
Pages : 326
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264302484
Category :
Languages : en
Pages : 262
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Book Description
This book brings together academics and practitioners to address key aspects of intergovernmental fiscal relations and country experience, as they relate to inclusive growth.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264204571
Category :
Languages : en
Pages : 136
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Book Description
This book provides an overview on recent trends and policies in intergovernmental fiscal relations and sub-central govenrment.
Author: Blöchliger Hansjörg
Publisher: OECD Publishing
ISBN: 9264119973
Category :
Languages : en
Pages : 139
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Book Description
This book describes and examines reforms of fiscal federalism and local government in 10 OECD countries implemented over the past decade.
Author: Jorge Martinez-Vazquez
Publisher: Routledge
ISBN: 1135972591
Category : Business & Economics
Languages : en
Pages : 329
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Book Description
This book draws on the expertise of both North American and European specialists of regional economics, evaluating the impact of economic policy in certain regions and considering alternative policies to foster regional economic development and improve the employment and income of the residents of these regions.Martinez-Vazquez and Vaillancourt hav
