Fiscal Federalism And Regional Growth
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Author | : Gabriel Di Bella |
Publisher | : International Monetary Fund |
Total Pages | : 23 |
Release | : 2017-11-22 |
Genre | : Business & Economics |
ISBN | : 1484330161 |
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 |
Total Pages | : 290 |
Release | : 2021-12-20 |
Genre | : |
ISBN | : 9264912959 |
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 | : |
Total Pages | : 32 |
Release | : 2003 |
Genre | : Intergovernmental fiscal relations |
ISBN | : |
Author | : Oksana Dynnikova |
Publisher | : International Monetary Fund |
Total Pages | : 42 |
Release | : 2021-05-20 |
Genre | : Business & Economics |
ISBN | : 1513573640 |
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 |
Total Pages | : 451 |
Release | : 2007 |
Genre | : Political Science |
ISBN | : 0773560440 |
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 | : |
Total Pages | : 326 |
Release | : 1999 |
Genre | : |
ISBN | : |
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 136 |
Release | : 2013-12-02 |
Genre | : |
ISBN | : 9264204571 |
This book provides an overview on recent trends and policies in intergovernmental fiscal relations and sub-central govenrment.
Author | : Jorge Martinez-Vazquez |
Publisher | : Routledge |
Total Pages | : 253 |
Release | : 2008-05-20 |
Genre | : Business & Economics |
ISBN | : 1135972605 |
This book addresses the question of the best possible uses of public funds and the most effective strategies for regional development, focusing on the develop of human capital and the methodology of formulating regional policy.
Author | : Organisation for Economic Co-operation and Development |
Publisher | : |
Total Pages | : 188 |
Release | : 2019 |
Genre | : |
ISBN | : 9789264626980 |
This report offers a comprehensive overview of decentralisation policies and reforms in OECD countries and beyond. Sometimes called a "silent" or "quiet" revolution, decentralisation is among the most important reforms of the past 50 years. The report argues that decentralisation outcomes - in terms of democracy, efficiency, accountability, regional and local development - depend greatly on the way it is designed and implemented. Making the most of decentralisation systems is particularly crucial in the context of a "geography of discontent" and growing divides between places that feel left behind by globalisation and technological change and those that may benefit from the opportunities offered by megatrends. The report identifies 10 guidelines for making decentralisation work and allowing it to be conducive to regional development. Beyond the guidelines, the report proposes concrete tools for policy-makers, including detailed sets of recommendations, checklists, pitfalls to avoid and examples of good practices, both in unitary and federal countries.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 238 |
Release | : 2019-06-13 |
Genre | : |
ISBN | : 9264897909 |
This report looks at the challenges faced by Asian countries in addressing inclusive growth and fiscal decentralisation. A series of studies examines how policies in the region have evolved in accordance with changes in demography and the economic environment, reflecting country characteristics, history and political economy forces.