2012 № 4

Theoretical and Practical Issues in Analysis of Budget Investment in Russia

20.12.201227 апреля, 2024Без комментариев


The paper focuses on correlation between budget investment and growth rates, social environment indicators and gross income per capita for regions of Russia. We find that central budget investments tend to be oriented on provision of public goods and income equalization, but regional capital allocations are closely associated with economic growth. As for the policy implications, it means that the federal investment strategy should concentrate on growth stimulation, and local governments should pay more attention to social issues.

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Andrey V. Belov  – Dr. Sci. (Econ.), Professor, Fukui Prefectural University (Japan; e-mail: abelov@fpu.ac.jp).