Budget Policy and Economic Growth

41 Pages Posted: 15 Dec 2013

See all articles by Georgy Idrisov

Georgy Idrisov

Gaidar Institute for Economic Policy

Sergei Germanovich Sinelnikov-Murylev

Russian Foreign Trade Academy; Gaidar Institute for Economic Policy

Date Written: December 15, 2013

Abstract

This article examines the relationship between government budgetary policy and the pursuit of accelerated economic growth. The authors review the academic debate over long-term economic growth and associated short-term fluctuations and conclude that Russian budgetary intended to smooth fluctuations in economic activity are of limited effect and that there are no opportunities for increasing public expenditure in the medium and long-term. For these reasons, the structure of expenditures must be changed and budgetary institutions must be transformed with a view to creating the preconditions for economic growth in the long-term.

Keywords: economic growth, budgetary policy, government expenditure

JEL Classification: O23, O4, H5

Suggested Citation

Idrisov, Georgy and Sinelnikov-Murylev, Sergei Germanovich, Budget Policy and Economic Growth (December 15, 2013). Available at SSRN: https://ssrn.com/abstract=2367933 or http://dx.doi.org/10.2139/ssrn.2367933

Georgy Idrisov (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny Lane 3-5
Moscow, 125993
Russia

Sergei Germanovich Sinelnikov-Murylev

Russian Foreign Trade Academy ( email )

4а Pudovkin str., Russia, Moscow, 119285
Moscow
Russia
+7 (499) 143-1235 (Phone)
+7 (499) 783-0263 (Fax)

Gaidar Institute for Economic Policy ( email )

5 Gazetny lane
Moscow, 125009
Russia
+7 (495) 629-4713 (Phone)

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