A Study on the Fiscal Equity of Local Share Tax System in Korea
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 a...
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| Format: | Article |
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Korea Development Institute
2004-12-01
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| Series: | KDI Journal of Economic Policy |
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| Online Access: | https://doi.org/10.23895/kdijep.2004.26.2.105 |
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doaj-1daa8cb9b40c47e58c52abe4b32fd58f2020-11-25T00:38:29ZengKorea Development InstituteKDI Journal of Economic Policy2586-29952586-41302004-12-0126210514110.23895/kdijep.2004.26.2.105A Study on the Fiscal Equity of Local Share Tax System in KoreaKim, Yong-seong0Associate Fellow, Korea Development InstituteThe 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.https://doi.org/10.23895/kdijep.2004.26.2.105지방교부세재정형평화 |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Kim, Yong-seong |
| spellingShingle |
Kim, Yong-seong A Study on the Fiscal Equity of Local Share Tax System in Korea KDI Journal of Economic Policy 지방교부세 재정형평화 |
| author_facet |
Kim, Yong-seong |
| author_sort |
Kim, Yong-seong |
| title |
A Study on the Fiscal Equity of Local Share Tax System in Korea |
| title_short |
A Study on the Fiscal Equity of Local Share Tax System in Korea |
| title_full |
A Study on the Fiscal Equity of Local Share Tax System in Korea |
| title_fullStr |
A Study on the Fiscal Equity of Local Share Tax System in Korea |
| title_full_unstemmed |
A Study on the Fiscal Equity of Local Share Tax System in Korea |
| title_sort |
study on the fiscal equity of local share tax system in korea |
| publisher |
Korea Development Institute |
| series |
KDI Journal of Economic Policy |
| issn |
2586-2995 2586-4130 |
| publishDate |
2004-12-01 |
| description |
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. |
| topic |
지방교부세 재정형평화 |
| url |
https://doi.org/10.23895/kdijep.2004.26.2.105 |
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AT kimyongseong astudyonthefiscalequityoflocalsharetaxsysteminkorea AT kimyongseong studyonthefiscalequityoflocalsharetaxsysteminkorea |
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