Russia’s Financial System Development: How to Increase Innovative Potential of Economy (Value-Based Management, Public Finance)

410 Pages Posted: 21 Jun 2012

See all articles by Yakov Mirkin

Yakov Mirkin

Financial University under the Government of the Russian Federation

Date Written: November 21, 2011

Abstract

This paper contains the analysis of Russian public finance system and the proposals of its improvement in order to increase innovative potential of Russian economy. The paper is based on the thorough analysis and international comparisons of Russia’s budget system key parameters – fiscal burden, tax system, government finance, government investment & debt, sovereign wealth funds, etc. There is also a complex review of Russia’s innovation sphere and the government role in its financing and development.

Note: Downloadable document is in Russian.

Keywords: public finance model, budget system, fiscal burden, tax system, government revenue, government expense, government investment, sovereign wealth fund, innovation system

JEL Classification: E60, E62, H50

Suggested Citation

Mirkin, Yakov, Russia’s Financial System Development: How to Increase Innovative Potential of Economy (Value-Based Management, Public Finance) (November 21, 2011). Available at SSRN: https://ssrn.com/abstract=1962479 or http://dx.doi.org/10.2139/ssrn.1962479

Yakov Mirkin (Contact Author)

Financial University under the Government of the Russian Federation ( email )

49, Leningradsky Prospect
Moscow, 125993
Russia
(495) 943-98-61 (Phone)
(495) 943-93-10 (Fax)

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