지방세 감면이 지역경제성장에 미친 영향:감면조례를 중심으로

Abstract

This paper examines tax reduction ordinances in 243 local governments and analyzes the impact of local tax exemptions and reductions on GRDP(gross regional domestic product) at the municipal district level. Local tax reduction ordinances can be subdivided into delegated ordinances under the Local Tax Special Exemption Restriction Act, self-organized ordinances that are not delegated ordinances, and self-organized ordinances can be subdivided into common self-organized ordinances applied by two or more local governments, and individual self-organized ordinances applied only to one specific local government. To compensate for the limitations of previous studies, I analyze the impact of local tax exemptions and reductions on GRDP from 2012 to 2019 using a panel fixed-effects model by region and year at the municipal district level. Results show that both local tax exemptions and local fiscal expenditures have a statistically significant positive effect on GRDP. However, the effect of tax exemption under the Local Tax Special Exemption Restriction Act is smaller than the effect on local fiscal expenditure, and while tax exemption under the Local Tax Special Exemption Restriction Act has a positive effect on local economic growth, tax exemption under the tax exemption ordinance is not statistically significant, suggesting that tax exemption ordinances need to be operated efficiently. To trigger a virtuous cycle of local economic growth through future tax exemption ordinances, it is necessary to establish the direction of the purpose of tax exemption, and it is also necessary to establish an institutional device to ensure the accountability of tax exemption ordinances.