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Local decentralization and economic growth in Korea

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  • Local decentralization and economic growth in Korea
  • Kim, Hyun-A
  • Korea Institute of Public Finance


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Title Local decentralization and economic growth in Korea
Similar Titles
Material Type Reports
Author(English)

Kim, Hyun-A

Publisher

[Seoul]:Korea Institute of Public Finance

Date 2006
Pages 18
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Government and Law < Governance
Holding University of Washington

Abstract

Local public finance in Korea substantially and significantly has changed for the efficient public provision after 1991 local autonomy. Policy makers are trying to find out the effect of devolution. This paper attempts to examine how local share out of national expenditure (decentralization) affects the growth of regional income. This empirical paper shows the relationship between the increase of local share out of national expenditure and the growth of regional income in Korea. The significant results confirm the connection between them. These findings indicate the transfer effect of central government may cause the regional economy to municipal level rather than province level. For the province level of governments, the findings explain the tax benefit ratio may not affect the regional income growth.