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KDI 정책연구. Vol. 26, No. 2, December 2004, pp. 105-141
https://doi.org/10.23895/kdijep.2004.26.2.105
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A Study on the Fiscal Equity of Local Share Tax System in Korea
Abstract
The success of fiscal decentralization depends on an effective intergovernmental transfer system. This paper focuses on the Local Share Tax(LST), the primary intergovernmental fiscal transfer in Korea. The LST, by law, aims to mitigate horizontal fiscal imbalance among the local governments. As an attempt to test the fiscal equity of the LST empirically, net fiscal benefits of each county are calculated based on a simple model. While the LST contributes to horizontal fiscal measured traditional inequality indices, a geographical pattern of net fiscal benefits is observed. From these findings, the role of LST on fiscal equity needs to be carefully re-examined.
Keywords
지방교부세, 재정형평화
JEL Code
C21, D63, H24
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Other articles from this issue
- Korea's Natural Rate of Unemployment: Estimates and Assessment
- Market Evaluation of the Value of Patent
- A Study on the Fiscal Equity of Local Share Tax System in Korea
- Changes in the Weekly Working Hours and the Efficiency of Labor, 1963～2003
- The Role of M&A in Restructuring Korea's Distressed Firms
- A Public Choice Study on the Use of the Central Bank's Reserved Profits: An Experimental Approach Through 61 Countries' Data
- Productivity and Patterns of Trade: The Experience of Korea in the 1990s
- Exchange Rate Pass-Through and Market Response: Competition between Korea and Japan in the US Steel Market
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