New method reveals more efficient decision-making in economic federalism!
The article discusses how Russia is working on improving its regional economies by looking at how decisions are made between the central government and local regions. The researchers developed a method to measure how much decision-making power is given to different regions and found that there is less variation in decisions between different types of regions. This suggests that a new approach to regulation is needed to take advantage of the benefits of decentralized decision-making in Russia's economic system.