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RISS 인기검색어
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- 저자 : 송영필(Young Pill Song) (검색결과 2 건)
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김갑성(Kab Sung Kim),송영필(Young Pill Song) 한국지역학회 1999 지역연구 Vol.15 No.1
The strategy of regional industrial specialization is empirically evaluated by examining the relationship between regional industrial structures and economic performances. The regional industrial structure is measured by three industrial diversity indices such as ogive approach, entropy maximizing approach, and national average approach. The relationship between these three indices and economic growth and employment instability in 12 regions is analyzed. According to the time series analysis, we found that the region with more diversified industrial structure experiences more stable in employment. Otherwise, the growth rate of the region with more simplified industrial structure is higher. Therefore, the strategy of industrial specialization is implemented in order to pursuit a rapid economic growth in the short run.
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김범식(Bum Sik Kim),박원석(Won Suk Park),송영필(Young Pill Song) 한국지역학회 1999 지역연구 Vol.15 No.1
In this study, the present state of fiscal crisis for local governments after IMF is analyzed, firstly. its implications Characteristics of structural reform of finance after IMF bailout in Korea are examined, secondly. Since Korea was shocked by the currency crisis at the end of 1997, its local governments have also faced fiscal difficulties. The Depression of national and local economies led to decreases in tax revenues of local governments. And these shrunken revenues led to their expenditure cuts. Many investment plans were curtailed, and ordinary expenditures were also reduced sharply. The negative influences of the currency crisis on local government`s finances can be examined in terms of fiscal revenue, fiscal spending, and debt burden. As a result, many local governments are now experiencing fiscal stress, and some of them are even faced with fiscal crisis although the possibility of extreme measures, such as moratoriums or bankruptcies, is very slim. This is due in part to the weight of debt in local governments` budgets having remained small since the debt of local governments has been controlled by the central government. Another reason is that, even if local governments become insolvent, the central government, which functions as a lender of last resort for the local governments, will pay the debt for them. Also, without a legal system which stipulates the adjudication of bankruptcy for municipalities in Korea, local Korean governments have no legal right to declare bankruptcy. Although not a single municipality has fallen into insolvency, yet, this trend will continue to deepen as the recession continues and may lead to a situation where many local governments fall into virtual bankruptcy in the near future, and its effects on society, as a whole, will be serious. Therefore, measures to prevent and overcome such an extreme situation are necessary, but both short - and long-term policies should be to cope with the current fiscal crisis and to prevent the deepening of the current situation.
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