The structure of public spending and economic growth in Russia
作者: Balaev, Alexey
刊名: Russian Journal of Economics, 2019, Vol.5 , pp.154-176
来源数据库: Redaktsiya zhurnala Voprosy Ekonomiki
DOI: 10.32609/j.ruje.5.38705
关键词: Public expendituresExpenditures structureProductive expendituresEconomic growthEconometric model
原始语种摘要: This paper examines how Russia’s GDP growth responds to changes in the structure of general government spending. We consider models with expenditures as a percentage of total spending and expenditures as a percentage of GDP. Each model is constructed as a structural vector autoregression (SVAR). We show that redistribution in favor of productive expenditures (national economy, education, healthcare) increases the rate of economic growth, and an increase in the share of unproductive expenditures (national defense, social policy) reduces it. The maximum positive effect comes from expenditures on the national economy: their increase by 1% of GDP with constant total expenditures increases the growth rate of GDP by 1.1 p.p. An increase in expenditures on education by 1% of GDP with constant...
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关键词翻译
关键词翻译
  • spending 经费
  • economic 经济的
  • growth 生长
  • autoregression 自回归
  • productive 生产的
  • economy 经济
  • expenses 经费
  • national 国家的
  • fiscal 财政的
  • total 总和