재정분권화와 경제성장의 관계에 관한 실증분석 = The Empirical Analysis about the Relationship between Fiscal decentralization and Economic Growth

다국어 초록 (Multilingual Abstract)

As we have surveyed the researches as of now, the relationship between fiscal decentralization and economic growth can be classified into three categories. First, fiscal decentralization plays a positive roll to economic growth; second fiscal decentralization does a negative roll to economic growth; and third there is no relationship between fiscal decentralization and economic growth. These results mean that there are not enough theoretical studies on the relationship between fiscal decentralization and economic growth and the index of the degree of fiscal decentralization. Even though the ratio of revenues and expenditures of local governments are high in terms of figures, it does not mean high fiscal decentralization automatically; and the theoretical methods quantifying the qualitative aspects of fiscal decentralization are yet lacked.
As this research uses four different indexes of fiscal decentralization considering various scholars' contentions and Korea' financial-special situation to overcome these current difficulty and estimates four different models, no model shows that there is statistically significant relationship between fiscal decentralization and economic growth.

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