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Article: Growth effects of fiscal decentralization with weak economic motivation: the case of South Korea

TitleGrowth effects of fiscal decentralization with weak economic motivation: the case of South Korea
Authors
KeywordsDecentralization
Fiscal decentralization
Fiscal decentralisation
Issue Date2019
PublisherSpringer Verlag. The Journal's web site is located at http://link.springer.de/link/service/journals/00168/index.htm
Citation
Annals of Regional Science, 2019, Epub How to Cite?
AbstractIn this study, we apply an extended Granger causality test to examine whether fiscal decentralization in South Korea creates pro-growth effects. Our results show that the pro-growth effects in South Korea are significant at the provincial level, only from a revenue perspective. This result may suggest that strengthening local taxation power (revenue-centered decentralization) can better serve a local economic development goal than simply loosening use-restrictions on inter-governmental transfers (expenditure-biased decentralization). At the city and county level, however, no such pro-growth effects exist; we instead find partial evidence in support of the reverse causality—economic growth precedes revenue decentralization. This conflicting result seems to be associated with scale economies in public goods provision and the gap in administrative capacity between provincial and lower-level local governments.
Persistent Identifierhttp://hdl.handle.net/10722/274315
ISSN
2017 Impact Factor: 1.336
2015 SCImago Journal Rankings: 0.405

 

DC FieldValueLanguage
dc.contributor.authorPark, S-
dc.contributor.authorPark, MG-
dc.contributor.authorNam, KM-
dc.date.accessioned2019-08-18T14:59:18Z-
dc.date.available2019-08-18T14:59:18Z-
dc.date.issued2019-
dc.identifier.citationAnnals of Regional Science, 2019, Epub-
dc.identifier.issn0570-1864-
dc.identifier.urihttp://hdl.handle.net/10722/274315-
dc.description.abstractIn this study, we apply an extended Granger causality test to examine whether fiscal decentralization in South Korea creates pro-growth effects. Our results show that the pro-growth effects in South Korea are significant at the provincial level, only from a revenue perspective. This result may suggest that strengthening local taxation power (revenue-centered decentralization) can better serve a local economic development goal than simply loosening use-restrictions on inter-governmental transfers (expenditure-biased decentralization). At the city and county level, however, no such pro-growth effects exist; we instead find partial evidence in support of the reverse causality—economic growth precedes revenue decentralization. This conflicting result seems to be associated with scale economies in public goods provision and the gap in administrative capacity between provincial and lower-level local governments.-
dc.languageeng-
dc.publisherSpringer Verlag. The Journal's web site is located at http://link.springer.de/link/service/journals/00168/index.htm-
dc.relation.ispartofAnnals of Regional Science-
dc.rightsThis is a post-peer-review, pre-copyedit version of an article published in [insert journal title]. The final authenticated version is available online at: http://dx.doi.org/[insert DOI]-
dc.subjectDecentralization-
dc.subjectFiscal decentralization-
dc.subjectFiscal decentralisation-
dc.titleGrowth effects of fiscal decentralization with weak economic motivation: the case of South Korea-
dc.typeArticle-
dc.identifier.emailNam, KM: kmnam@hku.hk-
dc.identifier.authorityNam, KM=rp01953-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1007/s00168-019-00936-9-
dc.identifier.scopuseid_2-s2.0-85070278303-
dc.identifier.hkuros301740-
dc.publisher.placeGermany-

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