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The Impact Of The Structure Of Government Spending On Economic Growth In The Regions Of Russian Federation
 
PIIS020736760023432-4-1
DOI10.31857/S020736760023432-4
Publication type Article
Status Published
Authors
Rogneda Vasilieva 
Affiliation: Institute of Economics of the Ural Branch of the Russian Academy of Sciences (RAS)
Address: Russian Federation, Yekaterinburg
Valentin Voytenkov
Occupation: Master Student
Affiliation: National Research University Higher School of Economics
Address: 11, Pokrovsky Blvd, Moscow, Russian Federation, 109028
Alina Urazbaeva
Occupation: Master Student
Affiliation: National Research University Higher School of Economics
Address: 11, Pokrovsky Blvd, Moscow, Russian Federation, 109028
Journal nameObshchestvo i ekonomika
EditionIssue 12
Pages125-141
Abstract

The purpose of the article is to assess the impact of the structure of government spending on economic growth in the regions of Russia. The growth rate of the gross regional product (GRP) in real terms is used as an indicator of economic growth. For econometric modeling, the group average method is used. Although in general the issue of the impact of certain categories of public spending remains debatable, empirical results show that government spending on health care and sports are the long-term drivers of economic growth in the regions. Meanwhile, for regions with GRP per capita lower than average, spending on education and the media has a noticeable and positive effect. On the basis of the results obtained, practical recommendations for improving the regional policy are formulated.

Keywordsgovernment spending, economic growth, Russian regions, lagged effects, categories of government spending
Received21.12.2022
Publication date21.12.2022
Number of characters30990
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