Russian budget structure efficiency: Empirical study

Russian budget structure efficiency: Empirical study

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 f...

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Main Authors: Alexey Kudrin, Alexander Knobel
Format: Article
Language:English
Published: Voprosy Ekonomiki 2018-10-01
Series:Russian Journal of Economics
Online Access:https://rujec.org/articles.php?id=30163
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spelling doaj-826f698bf958496299d891dd1492cf2e2020-11-25T00:12:42ZengVoprosy EkonomikiRussian Journal of Economics2618-72132405-47392018-10-014319721410.3897/j.ruje.4.3016330163Russian budget structure efficiency: Empirical studyAlexey Kudrin0Alexander Knobel1Accounts Chamber of the Russian FederationRussian Presidential Academy of National Economy and Public Administration 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. https://rujec.org/articles.php?id=30163
collection DOAJ
language English
format Article
sources DOAJ
author Alexey Kudrin
Alexander Knobel
spellingShingle Alexey Kudrin
Alexander Knobel
Russian budget structure efficiency: Empirical study
Russian Journal of Economics
author_facet Alexey Kudrin
Alexander Knobel
author_sort Alexey Kudrin
title Russian budget structure efficiency: Empirical study
title_short Russian budget structure efficiency: Empirical study
title_full Russian budget structure efficiency: Empirical study
title_fullStr Russian budget structure efficiency: Empirical study
title_full_unstemmed Russian budget structure efficiency: Empirical study
title_sort russian budget structure efficiency: empirical study
publisher Voprosy Ekonomiki
series Russian Journal of Economics
issn 2618-7213
2405-4739
publishDate 2018-10-01
description 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.
url https://rujec.org/articles.php?id=30163
work_keys_str_mv AT alexeykudrin russianbudgetstructureefficiencyempiricalstudy
AT alexanderknobel russianbudgetstructureefficiencyempiricalstudy
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