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Korea's economic development, public expenditure and tax policy

Related Document
Frame of Image ice 103 (1962) 22,489 (2011)
0.12 (1964)
552 (2011)
0.14 (1964)
328.9 (2013. 1)
7.7 (1964) (1963) 62.4 / 45.0 2 / 14.7 29.5 / 40.3
3.2 (2012) (2008) 7.3 / 3.0 16.8 / 27.9 77.9 / 69.1
5
Exports and imports (1953-2009)
Source: SaKong and Koh eds., The Korean Economy, KDI, 2010
6
Share in gross value-added by sector
Source: KDI (2010)
7
Share in gross value-added by sector
Source: KDI (2010)
8
Share in total employment by sector
Source: KDI (2010)
9
Share in manufacturing value-added by subsector
Source: KDI (2010)
10
Share in exports by sector
Source: KDI (2010)
11
Exports Structure
Mobile phones, Autos Semi-conducts
83.1%
Heavy Chemical products
(ICT, 26.3%)
Wigs
Textiles
Digital TV, Autos, Ships etc
9.3% 1.1% 1960 1970 1980 1990 2000
Lightindustrial products Agriproducts
122005
12
Share of the top 10 export item in total exports
Source: KDI (2010)
PUBLIC EXPENDITURE
14
THE ROLE AND FUNCTION OF THE GOVERNMENT
□ Traditional view
- Provision of public goods and services - Market failure and free-riding problem • Adam Smith, 『An Inquiry into the Nature and Causes of the
Wealth of Nations』: national defense, law enforcement, public works (infrastructure) • Robert Nozick (1974) 『Anarchy, State and Utopia』: Origin of the
state and the minimal state
15
Active role of government
□ Resource allocation
□ Income redistribution
□ Stabilization
• Musgrave and Musgrave (1989) • J.M. Keynes
16
PATTERN OF PUBLIC EXPENDITURE DEVELOPMENT
□ Normal pattern of industrial and economic developments


Full Text
Title Korea's economic development, public expenditure and tax policy
Similar Titles
Material Type Proceedings
Author(English)

Roh, Keesung

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2014-08
Event

파키스탄 경제개발전략과정

Pages 84
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Holding KDI School of Public Policy and Management

User Note

The Annual 2001 Conference of the American Society for Public Administration at Rutgers University, New Jersey, USA.