Intraregional (Local) Fiscal Decentralization and Investment in Fixed Assets in Russia

被引：0
|
作者：
Timushev E.N. [1 ]
机构：
[1] Institute of Socio-Economic and Energy Problems of the North of the Federal Research Center, Komi Science Center, Ural Branch, Russian Academy of Sciences, Syktyvkar
来源：
Studies on Russian Economic Development | 2021年 / 32卷 / 1期
关键词：
expenditure decentralization; local budget; nonlinear dependence; private investment; quantile regression; revenue decentralization;
D O I：
10.1134/S1075700721010147
中图分类号：
学科分类号：
摘要：
Abstract—: The article shows that the effect of local fiscal decentralization on investment is characterized by an inverted U-shaped relationship. According to data for 2009–2016, the greatest incentives for private investment in the regions of Russia appeared with expenditure and revenue decentralization equal to 33–36%. However, the overall level of investment is higher precisely with revenue decentralization. The loss of private investment due to a lack of local authority could reach 6.5 thousand rubles/person. © 2021, Pleiades Publishing, Ltd.
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页码：87 / 97
页数：10
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