Russian budget structure efficiency: Empirical study

Алексей Леонидович Кудрин, Александр Юрьевич Кнобель

Результат исследований: Научные публикации в периодических изданияхстатья


This paper investigates the economic efficiency of Russian public expenditures in 2002–2016 by estimation of their multiplicative impact on the GDP level and economic growth. We use the empirical methodology based on Corsetti et al. (2012). We estimate a number of fiscal multipliers: on national security, law-enforcement activity, national defense, education, health care and sport and road infrastructure. For assessing the influence of budget structure on long-term economic growth rates, we estimate the SVAR model in which GDP growth is a structural variable. The research shows a positive influence of budgetary resources redistribution from non-productive government expenditures to productive ones on economic development.
Язык оригиналаанглийский
Страницы (с-по)197-214
Число страниц18
ЖурналRussian Journal of Economics
Номер выпуска3
СостояниеОпубликовано - 2018