Fiscal Policy and Regional Output Volatility: Evidence from Russia

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10326507" target="_blank" >RIV/00216208:11230/16:10326507 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1080/00343404.2015.1064884" target="_blank" >http://dx.doi.org/10.1080/00343404.2015.1064884</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/00343404.2015.1064884" target="_blank" >10.1080/00343404.2015.1064884</a>

Result language
angličtina
Original language name
Fiscal Policy and Regional Output Volatility: Evidence from Russia
Original language description
Eller M., Fidrmuc J. and Fungácv ová Z. Fiscal policy and regional output volatility: evidence from Russia, Regional Studies. This paper investigates the relationship between fiscal policy and output volatility in Russian regions between 2000 and 2009. Accounting for endogeneity between output volatility and fiscal developments by using system-generalized method of moments (GMM) estimation techniques, the results indicate that discretionary fiscal policy contributes to output volatility and induces macroeconomic instability at the regional level in Russia. This corroborates previous studies using cross-country data. To reduce business cycle fluctuations, it would be necessary to curtail procyclical fiscal activism at the regional level, e.g. via fiscal rules and sound institutions of fiscal federalism. (C) 2015 Regional Studies Association.
Czech name
—
Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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