Parliament structure influence on socio-economic policy in Russin regions: empirical analysis
Keywords:
parliament, political cycles, partisan theory, parliament ideology, regional budget, social expenditures, regression analysisAbstract
The research analyzes the impact of the parliament structure on budget expenditures in Russian regions. According to the partisan theory, political parties represented in parliaments carry out a political course in concordance with their ideology. Thus, politics influences economy. Using regression analysis, in our paper we test the hypothesis that left political parties increase social expenditures. We use dataset containing information from 2005 to 2013 about actual regional budget expenditures for constructing index of political ideology based on left/right scale. It has been found out that that left parliaments increase social expenditures by reducing a share of spending on the national economy. Moreover, increase in social expenditures causes redistribution of money between different items of social spending DOI: 10.17072/2218-1067-2016-2-62-82References
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