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Intergovernmental fiscal relationship and transfers in Korea

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  • Intergovernmental fiscal relationship and transfers in Korea
  • Kook, Joong,Ho
  • Hitotsubashi University


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Title Intergovernmental fiscal relationship and transfers in Korea
Similar Titles
Material Type Articles
Author(English)

Kook, Joong,Ho

Publisher

Tokyo:Hitotsubashi University

Date 2000
Journal Title; Vol./Issue Hitotsubashi Journal of Economics:Vol. 41(No. 2)
Pages 14
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Government and Law < International Politics
Holding Hitotsubashi University

Abstract

It was not until June 1995 that residents directly elected their chief executives and councilors in Korea. However, ever now Korea has a single law system regulated by the central government. With this as background, this paper focuses on intergovernmental fiscal relationship, and investigates effects of transfers on economic development. It could be claimed that transfers play an important role in economic development through local capital expenditure. The paper shows this on the basis of correlations between industrial structures and main items of local governments.