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Estimation of factors affecting tax revenues to regional budgets

https://doi.org/10.38050/01300105202157

Abstract

The purpose of this article is to identify and estimation of factors affecting tax revenues to the Russian’s regional budgets. The study identifies the following factors: gross regional product, average wage level, inflation rate, share of unprofitable organizations in the region, employment rate, share of agricultural sector, investment in fixed assets and share of exports. The model includes information on the areas of advanced socio­economic development in the region. The study is based on open data from 83 regions of the Russian Federation from 2010 to 2017, the total of 664 observations. Through the least­squares estimate of a model with fixed effects, a significant impact of the studied parameters is established. Thus, the paper identifies common features for all regions in the context of the analyzed indicators’ impact. The results of this study may be used in forecasting the revenue of regional budgets.

About the Authors

E. N. Lavrenchuk
NRU Higher School of Economics
Russian Federation

Moscow



D. A. Kirpishchikov
NRU Higher School of Economics
Russian Federation

Moscow



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For citations:


Lavrenchuk E.N., Kirpishchikov D.A. Estimation of factors affecting tax revenues to regional budgets. Moscow University Economics Bulletin. 2021;(5):136-154. (In Russ.) https://doi.org/10.38050/01300105202157

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ISSN 0130-0105 (Print)