Template-Type: ReDIF-Article 1.0
Author-Name: Anna A. Mikhaylova
Author-Email: aam@irof.ru
Author-Workplace-Name: Institute for Public Finance Reform, Moscow 125009, Russia
Title: Interbudgetary Transfers as a Stimulation Mechanism of Regional Growth
Abstract: The article analyzes the opportunities for financial incentives for regional development in the Russian Federation. On the basis of econometric research the author confirms the existence of ?-convergence at the level of Russian regions and makes conclusions on how intergovernmental transfers affect the economic growth. The article also shows that intergovernmental transfers have a positive effect on the regional growth, and intergovernmental subsidies have the maximum stimulating effects comparing to other types of transfers.
Classification-JEL: H77, H71, E62
Keywords: intergovernmental transfers, grants, structure of the regional economy, financial incentives, convergence
Journal: Finansovyj žhurnal — Financial Journal
Pages: 49-56
Issue: 3
Year: 2017
Month: June
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2017/3/articles/fm_2017_3_04.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:170304:p:49-56