Determinants of public spending composition in the Russian regions

IF 0.7 Q3 ECONOMICS
E. T. Gurvich, N. Krasnopeeva
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引用次数: 0

Abstract

We build factor models of the regional budgets spending composition, based on data for 2011—2019. Our estimates reveal that expenditure on social security, public health, and education have relatively low elasticity by fiscal revenue (0.6—0.7), On the contrary, national economy and housing expenditure have the highest elasticity (1.3—1.7), while culture and general public services expenditure are characterized with medium elasticity (0.8—0.9). The major econometric tool used for the analysis is quantile regression that allows to detect heterogeneity of expenditure relations with various factors. The dependence of fiscal revenues is homogenous only for social security, public health, and housing, while for other types of expenditure this relationship differs between regions with high and low fiscal revenue. We suggest procedure to identify individual ‘spending preferences’ of particular regions and classify all regions depending on their top spending priorities. Regions with a larger value of the gross regional product most often have education and social security as their priority while other regions mainly have national economy spending as a priority.
俄罗斯各地区公共支出构成的决定因素
根据 2011-2019 年的数据,我们建立了地区预算支出构成的因素模型。我们的估计结果显示,社会保障、公共卫生和教育支出受财政收入影响的弹性相对较低(0.6-0.7),相反,国民经济和住房支出的弹性最高(1.3-1.7),而文化和一般公共服务支出的弹性为中等(0.8-0.9)。分析中使用的主要计量经济学工具是量化回归,它可以发现支出与各种因素之间的异质性关系。只有社会保障、公共卫生和住房对财政收入的依赖是同质的,而对于其他类型的支出,财政收入高的地区和财政收入低的地区之间的这种关系是不同的。我们提出了识别特定地区个人 "支出偏好 "的程序,并根据其最优先支出项目对所有地区进行分类。地区生产总值较大的地区通常优先考虑教育和社会保障,而其他地区则主要优先考虑国民经济支出。
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来源期刊
Voprosy Ekonomiki
Voprosy Ekonomiki ECONOMICS-
CiteScore
1.80
自引率
25.00%
发文量
86
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