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October 8, 2026
HSE Experts Take Part in 23rd Annual Meeting of Valdai Discussion Club
The 23rd Annual Meeting of the Valdai Discussion Club was held from September 28 to October 1, 2026 under the theme ‘Responsibility for the Future: Limits of the Possible, or Limitless Possibilities?’ The forum brought together 120 experts from 40 countries, including representatives of China, the United States, India, Brazil, the United Kingdom, Germany, Egypt, Iran, and Japan.
October 7, 2026
‘Our Team Consists of True Leaders in Their Respective Academic Disciplines
The HSE International Centre of Decision Choice and Analysis studies a wide range of methods for analysing decision-making and possible scenarios for the development of natural, socio-economic, and political phenomena using various mathematical models. The application of advanced mathematical methods to forecasting helps to prevent negative outcomes and avoid erroneous decisions. The HSE News Service spoke to the centre’s director, Prof. Fuad Aleskerov, about its work.
October 6, 2026
International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod Brings Together Scientists from Russia and Serbia
The International N5 Symposium ‘Neural Networks and Nonlinearity in Nizhny Novgorod’ was held at the Nizhny Novgorod House of Scientists from September 23 to 26. The event was organised by HSE University–Nizhny Novgorod and the Nizhny Novgorod House of Scientists, with the participation of Sberbank and the Institute of Physics Belgrade. The symposium was held for the second time: the first conference took place in 2025 and attracted considerable interest from the academic community.

 

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Влияние межбюджетных трансфертов на региональные доходы

Пространственная экономика. 2022. Т. 18. № 3. С. 63–92.
Bashenkov A., Myasnikov A., Semerikova E. V., Seregina S.

Given the current conditions of intensifying sanctions, scarcity of resources and the start of a structural transformation of the Russian economy, the task of a reassessment of the efficiency of existing tools of economic policy, so that these tools can be realigned, becomes vital. In this publication, we study the influence of intergovernmental budget transfers, subsidies in particular, on regional economic growth in Russia. We perform the analysis on the full sample of relevant Russian regions and on three subsamples of regions, differing in the degrees of regional budgets’ reliance on transfers. Additionally, we divide regions into two groups, based on the shares of natural resources extraction in their economies. Our analysis shows that increases in the shares of incoming transfers in regional budgets are followed by increases in the rates of growth of GRP per capita – however, this works only for regions with a medium degree of transfer reliance. Such regions having high shares of employment in extraction intensifies the positive effect of transfers. Increases in subsidies to regional budgets are also followed by faster growth – but only in regions with a medium to high reliance on incoming transfers; for regions with a low reliance on transfers the effect of subsidies is insignificant. Among the control variables we use, the share of capital investment in GRP and the share of employed with a higher education also correspond to higher rates of economic growth, but again – only for regions with a medium degree of reliance on incoming transfers. Using the spatial Durbin model, we control for spatial effects between regions. Overall, our analysis shows that the system of intergovernmental transfers currently in place in Russia promotes growth only for regions with a medium level of reliance on transfers.

Research target: Economics and Management
Language: Russian
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Keywords: субъекты РФмежбюджетные трансфертыintergovernmental transfersфискальная децентрализациярегиональный экономический ростRegional economic growthFiscal decentralizationSubjects of the Russian Federation
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