DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-3,Issue-12 ( Dec, 2017 ) | |||||||||
Paper Title |
Local Demand for Public Goods Revisited | |||||||||
Author Name |
Sangsoo Lim, Pilhyun Kim | |||||||||
Affilition |
Department of Economics, Chosun University, Korea Institute of Local Finance | |||||||||
Pages |
42-44 | |||||||||
Abstract |
This paper is trying to find positive correlation between demand for local goods and local tax burdens in Korea. And this study analyze the possibility that demand for local public goods might be affected by the fiscal equalization scheme. The panel data is used to analyzethem. Panel data has the characteristic of time series, so we test if there is unit-root in the data for this analysis and if variables are cointegrated or not. Finally, the test results show that time series data has unit-root and variables are cointegrated. So the panel error correction model is used to estimate the local demand function for public goods. Keywords - Panel Cointegration, Panel Unit-root, Tax Price Function. | |||||||||
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