Scholarly record

ASSESSMENT OF THE IMPACT OF CHANGES IN THE FISCAL POLICY INSTRUMENTS ON THE LEVEL OF FINANCIAL - ECONOMIC INEQUALITY OF MUNICIPALITIES OF RESOURCE REGIONS OF RUSSIA

E.B. Bukharova, A.R. Semenova, N.V. Nepomniashaya, S.N. Grib

Abstract

The research paper focuses on assessing the impact of the tools of the fiscal policy of the country for the resource regions and municipalities development in the context of the current budget federalism and inter-budget relations. Krasnoyarsk Krai – the largest in its area and the availability of natural resources region of Russia is considered as a model resource region. The Krai’s role in the Russian economy as well as its financial and social well-being are largely determined by the resource model of the economic development of the country. The article proposes an approach to the typology of the resource region municipalities, taking into account the level of the socio-economic and financial conditions differentiation between the municipalities and the level of sensitivity to the changes in the institutional conditions of the fiscal policy of the country. The results obtained in the article are based on the panel research of Krasnoyarsk Krai municipalities and the use of the econometric models with fixed effects.

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