scholarly journals Government Spending on Healthcare and Economic Growth in Russia: A Regional Aspect

2021 ◽  
Vol 17 (1) ◽  
pp. 97-122
Author(s):  
Olga Demidova ◽  
◽  
Elena Kayasheva ◽  
Artem Demyanenko ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Healthcare Expenditure ◽  
Positive Impact ◽  
Healthcare Services ◽  
Regional Economic Growth ◽  
Spatial Effects ◽  
Russian Regions ◽  
Healthcare Expenditures ◽  
Regional Economic

The aim of this paper was to investigate the influence of an increase in government healthcare expenditures on regional economic growth in Russia. Studies have shown that an increase in healthcare expenditures stimulate an increase in GDP through several channels. Firstly, it improves the quality of labor force, which can lead to an increase in labor productivity. Secondly, an increase in productivity and size of labor force lead to consumption expansion and then to firms’ income growth, so there is a multiplication effect. Including the assumption that the relationship between healthcare expenditure and economic growth may be non-linear we formed the hypothesis of the existence of the average optimal share of healthcare expenditure in GRP that maximizes average regional economic growth rate. In this research it was suggested that an increase in healthcare expenditures besides the direct effect on economic growth of a particular region also affects economic growth of neighboring regions. The possible explanation of this is the positive impact of healthcare services received in the neighboring regions on nearby territories, joint national healthcare projects, and distribution of scientific knowledge. Using the spatial Durbin model focusing on regional data of 2005–2017, it was shown that the average optimal share of healthcare expenditures equals to 5,9% of GRP with an inclusion of spatial effects and 7,6% without them, outlining the importance of including interconnection variables between Russian regions into the model. The regional statistics analysis showed the failure to reach the recommended share by most Russian regions, which can be viewed as a possibility for economic growth stimulation in case of the increase in governmental spending on healthcare in the future

scholarly journals Human Capital and Regional Economic Growth in Russia

2021 ◽  
Vol 17 (2) ◽  
pp. 57-80
Author(s):  
Boris Alekhin
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Panel Data ◽  
Capital Accumulation ◽  
Positive Impact ◽  
Regional Economic Growth ◽  
Human Capital Accumulation ◽  
Regional Economic ◽  
Long Run ◽  
Per Capita

This study examines the contribution of human capital accumulation to regional economic growth using panel data for 82 subjects of the Russian Federation over 2002–2019. This paper aims to test the hypothesis that in the long-run equilibrium there exists a connection between economic growth and human capital accumulation in the regions of Russia. From the point of view of econometrics, it would mean that we should refute the hypothesis that there is no cointegration of time series describing the aforementioned variables. General theoretical framework was drawn from the neoclassical growth theory, and panel data econometrics suggested the appropriate empirical methodology. Pooled mean group and fully modified least squares estimators were applied to an autoregressive distributed lags model based on the Solow model. The results indicate that accumulation of human capital has a positive and statistically significant long-term impact on the rate of growth of per capita income and that these variables are cointegrated. Such calculations allow us to make the following conclusions: per capita GRP is cointegrated with physical and human capital on the regional level. The cointegrating equation ‘explained’ more than 90% of per capita GRP variance. Human capital accumulation had a significant positive impact on per capita GRP growth in the long run; such impact exceeded the impact of physical capital accumulation. The positive impact of human capital accumulation on per capita GRP growth surpassed the negative elasticity of growth GRP by the amount of resource excluded from the real sector to provide support to students and maintain the regional education system. The paces at which regional economies were heading towards the steady state differed which is an evidence that there exist an incredible manifold of ways and means for regions to adjust to disbalancies

Fiscal decentralization and regional economic growth: Theory, empirical studies, and Russian experience

2016 ◽  
pp. 94-110 ◽  
Author(s):  
A. Yushkov
Keyword(s):  
Economic Growth ◽  
Fiscal Decentralization ◽  
Empirical Studies ◽  
Empirical Relationship ◽  
Regional Economic Growth ◽  
Growth Theory ◽  
Russian Regions ◽  
Regional Economic ◽  
Fiscal Transfers ◽  
Federal Center

The article deals with the theoretical and empirical relationship between fiscal decentralization and economic growth. Empirical analysis of Russian regions for 2005-2012 shows that excessive expenditure decentralization within the region, which is not accompanied by the respective level of revenue decentralization, is significantly and negatively related to regional economic growth. On the contrary, regional dependence on intergovernmental fiscal transfers from the federal center is positively associated with economic growth.

scholarly journals Banking, labor force, and regional economic growth: Evidence from Indonesia

2020 ◽  
Vol 24 (2) ◽  
Author(s):  
Abd Rahman Razak ◽  
Wahyoe Soedarmono ◽  
Wahdi Salasi April Yudhi
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Regional Economic Growth ◽  
Regional Economic

Friends or Foes? The Effect of Governor-Siloviki Interaction on Economic Growth in Russian Regions

2019 ◽  
Vol 4 (4) ◽  
pp. 520-545
Author(s):  
Andrei Yakovlev and Anton Aisin
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Significant Relationship ◽  
Regional Economic Growth ◽  
Russian Regions ◽  
Regional Economic ◽  
Security Service ◽  
Russian Politics ◽  
Rates Of Growth ◽  
Over Time

Although many scholars have analyzed the role played by the siloviki in Russian politics, they usually focus on the presence of siloviki in the federal elite or the pressure they exerted on business. In this article, we use new data on the appointments of regional governors and the heads of regional departments of the Federal Security Service (ufsb), as well as data on regional economic growth from 2005 to 2017, to examine how decisions by the Kremlin with respect to the appointment of key regional siloviki have affected economic development in Russian regions. We find that regions where the governor-siloviki relationship has been stable over time also display higher rates of growth. We then investigate whether regional fsb heads are specifically appointed to start investigations on regional governors, but do not find a statistically significant relationship. Finally, we show how a number of newly appointed political heavyweights among Russia’s governor corps have been given their “own” silovik to support them in their region.

scholarly journals Pengaruh Pembiayaan Ultra Mikro (UMi) terhadap Pertumbuhan Ekonomi Daerah Melalui Pertumbuhan Produksi Industri Mikro dan Kecil

2021 ◽  
Vol 6 (1) ◽  
pp. 75-84
Author(s):  
Vincencia Dian Priliyanti Hia ◽  
Riya Dwi Handaka ◽  
Yuris Trisman Zega
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Regression Method ◽  
Bank Loan ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Production Growth ◽  
Medium Enterprises ◽  
Economic Growth Rates

To maintain and increase economic growth rates above 5%, since 2017, Indonesia has launched an Ultra Micro Financing program for enterprises below micro and small categories (ultra micro enterprises). The financing is used to complement other types of financing, which is a bank loan for micro, small, and medium enterprises. Using regression method and causal testing to a panel data of 33 provinces in Indonesia during 2017 till 2018, this study aims to prove the direct and indirect effect of MSEs financing on regional economic growth and production growth in provincial regions in Indonesia. This research shows that the MSEs financing has positive impact on the manufacturing production growth but no significant impact on regional economic growth that is shown by Gross Domestic Product (GDP). This research also proves that manufacturing production has significant impact on GDP. Dalam usaha mencapai tingkat ekonomi di atas 5%, sejak tahun 2017, pemerintah Indonesia telah menerbitkan Pembiayaan Ultra Mikro (UMi), suatu program pembiayaan yang menyasar usaha di bawah kategori mikro dan kecil, yaitu usaha ultra mikro. Pembiayaan ini merupakan program komplemen atas Kredit Usaha Rakyat (KUR), yang berbentuk pinjaman bank terhadap usaha mikro, kecil dan menengah (UMKM). Dengan metode regresi dan analisis jalur atas data panel dari 33 provinsi di Indonesia tahun 2017-2018, penelitian ini bertujuan untuk membuktikan ada tidaknya pengaruh Pembiayaan Ultra Micro terhadap pertumbuhan ekonomi regional dan pertumbuhan produksi industri mikro dan kecil di tingkat provinsi. Penelitian ini menunjukkan bahwa Pembiayaan Ultra Mikro memiliki pengaruh signifikan terhadap pertumbuhan produksi industri mikro dan kecil namun tidak memiliki dampak signifikan terhadap pertumbuhan ekonomi regional, yang ditunjukkan oleh PDRB.

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