The paper is devoted to the analysis of tax incentives for investment projects in real sector of Russian economy. Such investment projects have a number of specific features as: irreversibility of investment; uncertainty on future economic situation and project's perspectives (including...

This empirical research aims to test for the presence of opportunistic electoral business cycles in Ukraine. National and regional-level data on budget revenues and expenditures, output, unemployment rate, wages, and wage arrears (and prices, subject to the availability of data) will be...

What is the link between the fiscal decentralization, inequality among municipalities within a region, and Russian regions' welfare? Despite the conventional wisdom that fiscal decentralization is beneficial, the author suggests that the poor Russian regions do not always gain from...

The authors investigate the possibility of utilizing the depreciation mechanism to provide incentives for undertaking investment in the real sector of the Russian economy. The proposed model of investor's behavior under risk and uncertainty considers a wide range of tax instruments The authors...

Based on unique data set on Russian city budgets, this paper shows that revenue sharing between regional and local governments provides local governments with no incentive to increase tax base or provide public goods. Any change in local government’s own revenues is almost entirely offset by...

The project intends to study how significant are the barriers erected by the regional administrations for interregional flow of goods. The project also considers consequences of the regional protectionist policies for economic development of the regions. Theoretical analysis is based on the...