Stimulation of Regions Economic Development by Means of Budget and Tax Policy

Abstract

Differentiation of economic development of the Russian Federation is one of the most topical issues of the present-day researches. Th is article, while analyzing the data on territories of the Russian Federation for the period 2000–2012, tests the hypothesis of predominant influence of raw materials extraction and agglomeration processes as the main factors leading to regional diff erentiation of the country. To overcome these differences, various arrangements in the framework of regional policy, in particular, implementation of budgetary and tax incentives, are used in Russian Federation. Th e results show that
these actions had no material impact on bridge diff erences. At the same time, many approaches we have implemented have repeated the European experience. Th e concept of eff ective regional policy in the European countries in the last half of the century has gone through several stages, and now we can talk about changing the paradigm of the theory of regional regulation. Assessment of the impact of proposed changes on the budget and tax policy and the regional dynamics should take evaluate how modern approaches based on OECD regulation of regional imbalances can stimulate regional development in Russia. Refs 29. Figs 5. Tables 7.

Keywords:

regional policy, regions differentiation, fiscal policy, statistical analysis of differentiation