본 연구는 2000년 이후의 가용한 33개 국가의 통계자료를 이용해 재정분권이 정부부채 및 부패에 미치는 영향을 분석하였다. 국가별 재정분권은 “일반정부지출 대비 지방정부지출 비율”과 “일반정부수입 대비 지방정부수입 비율”으로 측정하였으며, 정부부채와 부패는 각각 “GDP 대비 일반정부의 정부부채 비율”과 “부패인식지수”로 나타내었다. 실증분석 결과는 자료나 모형의 선택, 추정방법 등에 관계없이 한 국가의 재정분권은 정부부채에 대해 통계적으로 유의한 음(-)의 영향, 그리고 부패인식지수에 대해 대체로 통계적으로 유의한 양(+)의 ...
본 연구는 2000년 이후의 가용한 33개 국가의 통계자료를 이용해 재정분권이 정부부채 및 부패에 미치는 영향을 분석하였다. 국가별 재정분권은 “일반정부지출 대비 지방정부지출 비율”과 “일반정부수입 대비 지방정부수입 비율”으로 측정하였으며, 정부부채와 부패는 각각 “GDP 대비 일반정부의 정부부채 비율”과 “부패인식지수”로 나타내었다. 실증분석 결과는 자료나 모형의 선택, 추정방법 등에 관계없이 한 국가의 재정분권은 정부부채에 대해 통계적으로 유의한 음(-)의 영향, 그리고 부패인식지수에 대해 대체로 통계적으로 유의한 양(+)의 영향을 미치는 것으로 관측되었다. 특히 정부부채와 부패의 동시연관성을 고려한 복수방정식 형태의 추정모형에서는 이상의 영향이 매우 강하게 추정되었다. 이상의 실증분석 결과는 재정분권의 강화가 정부부채와 부패의 심화로 인해 경제의 성장과 활력을 잃어가고 있는 국가에서는 경제성장을 위한 가능한 제도적 대안이 될 수 있다는 가능성을 시사한다.
본 연구는 2000년 이후의 가용한 33개 국가의 통계자료를 이용해 재정분권이 정부부채 및 부패에 미치는 영향을 분석하였다. 국가별 재정분권은 “일반정부지출 대비 지방정부지출 비율”과 “일반정부수입 대비 지방정부수입 비율”으로 측정하였으며, 정부부채와 부패는 각각 “GDP 대비 일반정부의 정부부채 비율”과 “부패인식지수”로 나타내었다. 실증분석 결과는 자료나 모형의 선택, 추정방법 등에 관계없이 한 국가의 재정분권은 정부부채에 대해 통계적으로 유의한 음(-)의 영향, 그리고 부패인식지수에 대해 대체로 통계적으로 유의한 양(+)의 영향을 미치는 것으로 관측되었다. 특히 정부부채와 부패의 동시연관성을 고려한 복수방정식 형태의 추정모형에서는 이상의 영향이 매우 강하게 추정되었다. 이상의 실증분석 결과는 재정분권의 강화가 정부부채와 부패의 심화로 인해 경제의 성장과 활력을 잃어가고 있는 국가에서는 경제성장을 위한 가능한 제도적 대안이 될 수 있다는 가능성을 시사한다.
This paper examines the impacts of fiscal decentralization on government debt and corruption using the panel data of 33 countries. Data on “the ratio of subnational government expenditure to general government expenditure” and “the ratio of subnational government revenue to general government revenu...
This paper examines the impacts of fiscal decentralization on government debt and corruption using the panel data of 33 countries. Data on “the ratio of subnational government expenditure to general government expenditure” and “the ratio of subnational government revenue to general government revenue” are used as the measures of fiscal decentralization. In addition, government debt and corruption are measured by “the ratio of general government debt to GDP” and “Corruption Perception Index,” respectively.
This paper attempts to improve the existing literatures in some ways. First, data on "the ratio of general government debt to GDP" is used as a measurement of government debt instead of "the ratio of central government debt to GDP" which is used in some literatures. The first one is more proper than the second one because a government usually means a general government. Second, seemingly unrelated regression (SUR) estimation is used to take account of the correlations of error terms between government debt and corruption. Although existing literatures focused on the impact of fiscal decentralization on government debt and corruption separately, there might be the correlation between government debt and corruption as it is referred to in some precedent studies. Third, this paper uses two samples, such as countries in the world and European countries, to examine the robustness of estimation results. A lot of studies used samples consisting of European countries because the data of fiscal decentralization are mainly offered concentrating only on European countries. Therefore, this paper tries to contain other countries as well as European countries for robustness of estimation results.
Empirical results suggest that a country’s fiscal decentralization is significantly and negatively associated with the government debt. In addition, fiscal decentralization has a negative impact on the corruption, regardless of estimation methods and model specifications. The impacts of fiscal decentralization on government debt and corruption are increased when seemingly unrelated regression estimation method is used to accommodate for the correlations of error terms. These results imply that fiscal decentralization may be an institutional alternative to countries in which government debt and corruption are obstacles to their economic growth.
This paper examines the impacts of fiscal decentralization on government debt and corruption using the panel data of 33 countries. Data on “the ratio of subnational government expenditure to general government expenditure” and “the ratio of subnational government revenue to general government revenue” are used as the measures of fiscal decentralization. In addition, government debt and corruption are measured by “the ratio of general government debt to GDP” and “Corruption Perception Index,” respectively.
This paper attempts to improve the existing literatures in some ways. First, data on "the ratio of general government debt to GDP" is used as a measurement of government debt instead of "the ratio of central government debt to GDP" which is used in some literatures. The first one is more proper than the second one because a government usually means a general government. Second, seemingly unrelated regression (SUR) estimation is used to take account of the correlations of error terms between government debt and corruption. Although existing literatures focused on the impact of fiscal decentralization on government debt and corruption separately, there might be the correlation between government debt and corruption as it is referred to in some precedent studies. Third, this paper uses two samples, such as countries in the world and European countries, to examine the robustness of estimation results. A lot of studies used samples consisting of European countries because the data of fiscal decentralization are mainly offered concentrating only on European countries. Therefore, this paper tries to contain other countries as well as European countries for robustness of estimation results.
Empirical results suggest that a country’s fiscal decentralization is significantly and negatively associated with the government debt. In addition, fiscal decentralization has a negative impact on the corruption, regardless of estimation methods and model specifications. The impacts of fiscal decentralization on government debt and corruption are increased when seemingly unrelated regression estimation method is used to accommodate for the correlations of error terms. These results imply that fiscal decentralization may be an institutional alternative to countries in which government debt and corruption are obstacles to their economic growth.
※ AI-Helper는 부적절한 답변을 할 수 있습니다.