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dc.contributor.authorGoryunov, Evgenyen_US
dc.contributor.authorKotlikoff, Lawrenceen_US
dc.contributor.authorSinelnikov-Murylev, Sergeyen_US
dc.date.accessioned2021-04-29T13:03:05Z
dc.date.available2021-04-29T13:03:05Z
dc.date.issued2015-09
dc.identifier.citationEvgeny Goryunov, Lawrence Kotlikoff, Sergey Sinelnikov-Murylev. 2015. "The fiscal gap: An estimate for Russia." Russian Journal of Economics, Volume 1, Issue 3, pp. 240 - 256. https://doi.org/10.1016/j.ruje.2015.12.002
dc.identifier.issn2405-4739
dc.identifier.urihttps://hdl.handle.net/2144/42433
dc.description.abstractThe fiscal gap is an indicator of the long-term balance of public finance and is calculated based on the intertemporal government budget constraint, which links government tax revenues and expenditures over long intervals. The estimate of the fiscal gap for the Russian general government has been determined according to three scenarios with varying assumptions regarding demographic trends, productivity growth rates, oil and gas prices and the quantity of extractable reserves. The calculations show that the current fiscal policy cannot provide for the stability of public finance in the long run. The main factors of budget imbalances are the growth of pension and health care expenditures caused by demographic trends and the gradual decline in tax receipts from the oil and gas sector.en_US
dc.description.urihttp://kotlikoff.net/articles
dc.description.urihttp://kotlikoff.net/articles
dc.format.extentp. 240 - 256en_US
dc.languageen
dc.language.isoen_US
dc.publisherNP Voprosy Ekonomikien_US
dc.relation.ispartofRussian Journal of Economics
dc.rightsCopyright © 2015 Non-profit partnership Voprosy Ekonomiki. This version is made available with a Creative Commons Attribution Non-Commercial No Derivatives License.en_US
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectFiscal policyen_US
dc.subjectFiscal sustainabilityen_US
dc.subjectDemographic projectionsen_US
dc.subjectOil & gas revenueen_US
dc.subjectPension systemen_US
dc.titleThe fiscal gap: an estimate for Russiaen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.ruje.2015.12.002
pubs.elements-sourcecrossrefen_US
pubs.notesEmbargo: Not knownen_US
pubs.organisational-groupBoston Universityen_US
pubs.organisational-groupBoston University, College of Arts & Sciencesen_US
pubs.organisational-groupBoston University, College of Arts & Sciences, Department of Economicsen_US
pubs.publication-statusPublisheden_US
dc.description.oaversionFirst author draft
dc.identifier.mycv122891


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Copyright © 2015 Non-profit partnership Voprosy Ekonomiki. This version is made available with a Creative Commons Attribution Non-Commercial No Derivatives License.
Except where otherwise noted, this item's license is described as Copyright © 2015 Non-profit partnership Voprosy Ekonomiki. This version is made available with a Creative Commons Attribution Non-Commercial No Derivatives License.