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재정분권과 지역경제 성장의 수렴(Fiscal decentralization and regional economic convergence in Korea)

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  • 재정분권과 지역경제 성장의 수렴(Fiscal decentralization and regional economic convergence in Korea)
  • 김정훈
  • 한국조세연구원


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Title 재정분권과 지역경제 성장의 수렴(Fiscal decentralization and regional economic convergence in Korea)
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Material Type Reports
Author(Korean)

김정훈

Publisher

서울:한국조세연구원

Date 2010-12
Series Title; No 연구보고서 / 10-16
ISBN 978-89-8191-502-5
Pages 137
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Financial Policy
Holding 한국조세연구원

Abstract

This report analyzes the tripartite relationship between fiscal decentralization, regional economic growth regional economic disparities. Its empirical research finds that per capita local tax revenue is the most significant control variable that affects regional economic convergence in Korea. What is surprising about this result is that the impact of per capital local tax on regional economic growth is positive rather than negative. The reason behind this counterintuitive result lies in the fact that local tax rates in Korea are the same across all local governments. The factors therefore that create different levels of per capita local tax revenue are tax exporting and property transaction taxes which are determined by the frequency of property transactions rather than local production or local income. What is required for more efficient and equitable regional economic growth in Korea is therefore local tax system reform which makes local tax revenue more proportional to local income. (The rest omitted)