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체제전환국의 재정정책 경험과 북한에 대한 시사점(Fiscal policies in transition countries and implications for North Korea) : 남북경협 및 경제통합 관련 조세, 재정분야 기초연구

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  • 체제전환국의 재정정책 경험과 북한에 대한 시사점(Fiscal policies in transition countries and implications for North Korea)
  • 최준욱; 이명헌; 전택승
  • 한국조세연구원


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Title 체제전환국의 재정정책 경험과 북한에 대한 시사점(Fiscal policies in transition countries and implications for North Korea)
Similar Titles
Sub Title

남북경협 및 경제통합 관련 조세, 재정분야 기초연구

Material Type Reports
Author(Korean)

최준욱; 이명헌; 전택승

Publisher

서울:한국조세연구원

Date 2002-12
Series Title; No 연구보고서 / 02-03
ISBN 89-8191-214-9
Pages 244
Subject Country North Korea(Asia and Pacific)
South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Financial Policy
Industry and Technology < General
Holding 한국조세연구원

Abstract

This study analyzes the experiences of fiscal policies in transition countries and draws policy implications for North Korea’s transition. Among many issues, we focus on three aspects: fiscal deficit and stabilization policies, changes in the composition of fiscal expenditure, and changes in the budget system during the transition. (The rest omitted)
During the transition process, tax revenues can fall due to an erosion in the tax base caused by changes in the tax collection environment. In the absence or immaturity of government bond market, the negative spillover effects of fiscal deficit can be very large, because fiscal deficit is likely to be financed by borrowing from the central bank. In spite such negative effects, a modest level of fiscal deficit is inevitable or even desirable in the transition process. Thus, keeping a balanced position between the macroeconomic stabilization through curbing budget deficit and letting fiscal expenditure to play a proper role is important.