지방재정지출의 결정요인 연구

Determinants of Local Government Expenditures

The purpose of this study is to investigate the factors affecting the level of local government expenditures based on 72 Korean city expenditure data. This study employs the time-series cross-section pooled regression analysis to identify the factors affect total expenditures and expenditures by functional classification. Socio-economic factors turned out to be important influencing on local spending. However, variables form political and administrative factors are not statistically significant in any model. This result confirms that socio-economic factors are important in the determination of local expenditure level.