한국의 재정분권 수준은 과연 낮은가?

초록

Is the Level of Korea’s Fiscal Decentralization Really low?Young LeeJin Kwon HyunThere has been deep-rooted and implicit belief that the level of fiscal decentralization is too low in Korea. We empirically examine whether or not the level of fiscal decentralization is really low by using the data of OECD as well as non-OECD countries. We estimate the determinants of revenue and expenditure decentralization separately. Our empirical findings are that the level of Korea's revenue decentralization is not low, and that of expenditure decentralization is relatively higher. Our policy suggestion has twofold. First, the level of fiscal decentralization should be discussed with the concept of optimal decentralization. Second, fiscal decentralization heavily depending upon intergovernmental transfer, might lead to more efficiency rather than high level of revenue decentralization in some countries like Korea, where is small and homogeneous.

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