This study develops a long-term fiscal model to project central government’s revenue and expenditure in the long run with the changes of demographic and macroeconomic sectors.
We make a long-term projection of central government’s public finance up to the year of 2050 based on the following macroeconomic and demographic assumptions; to the year of 2010, we use the assumptions of ‘mid-term fiscal framework of 2006~2010’, and through the year of 2050, we forecast population by sex and age, the potential growth rate, the rate of employment by sex and age, the age-related expenditures – such as health, primary and secondary education, child care, national basic livelihood, public pension – fiscal deficit, debt to GDP ratio, etc., using this long-term fiscal model. (The rest omitted)
- 한국의 장기재정모형(A long-term fiscal model)
- 박형수; 류덕현
한국의 장기재정모형(A long-term fiscal model)
|Series Title; No||연구보고서 / 06-12|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Financial Policy|