RUSSIAN REGIONAL RESILIENCE: FINANCE, COOPERATION AND RESOURCE ABUNDANCE (A CASE STUDY OF KHANTY-MANSIYSK)

摘要: This paper, part of a larger project on governance and growth in Russia, examines regional financial resilience Russia the period following global crisis. The level risk is rising, as government emergency finance withdrawn regions face rising debt to cover even operational expenses, but “resource” seem securely well off, despite having been most affected by paper one region, Khanty-Mansiysk autonomous okrug (KhMAO), largest “donor” federal budget, against background other mineral resource abundant regions. It traces developments since dramatic budget reforms (late 1990s through 2005), including centralization revenues rationalized program expenditure (Alexeev Weber 2013). assesses management response pressures from increased required expenditures, post-crisis withdrawal subsidies, roll-out new guidelines. describes explains KhMAO’s stability relative autonomy these crisis conditions. key questions are: Why are regions, more than others, also resilient? Is Russia’s core financially stable because intervention? How vulnerable region future oil price shocks? Our findings tentative, there remain about transparency soft constraints (Plekhanov 2006). We show federalism at its cooperative: among factors, collaborative action fosters flexible budgeting.