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This study analyzed the effect of the coordination system of local public finance on the operation of local public finance by utilizing a pooled regression analysis (TSCSREG: time series cross section regression analysis) using data collected during a 7-year period (1996-2002). To accomplish the objective, the figures for the variables of the coordination system of local public finance--Local Allocation Tax, Local Transfer Fund, National Subsidy and for the four variables on the aspects of self-reliance and soundness among different operational types of local public finance--the ratio of non-earmarked fund source, the ratio of own revenues, the ratio of investment, the ratio of systematic operation of local public finance were collected and analyzed.The results of the new analyses are as follows: (1) The ratio of non-earmarked financial source is likely affected negatively by the Local Allocation Tax of the coordination system of local public finance, while the Local Transfer Fund and the National Subsidy seem to have a positive effect; (2) In terms of the effect of the coordination system of local public finance on the ratio of own revenues, the results showed that the Local Allocation Tax and the National Subsidy affected negatively, whereas the Local Transfer Fund had a positive effect; (3) The effect of the coordination system of local public finance on the investment ratio of local public finance showed that the Local Allocation Tax, the Local Transfer Fund, and the National Subsidy all had positive effects; (4) Its effect on the ratio of systematic operation of local public finance indicated a positive sign with the Local Transfer Fund, a negative sign with the Local Allocation Tax and the National Subsidy.