Contents

Efficiency or Equity? Determinants of Regional Allocation of Infrastructure Investment in the Republic of Korea

Lee, Jongyearn

DC Field Value Language
dc.contributor.authorLee, Jongyearn-
dc.date.available2022-02-08T05:24:41Z-
dc.date.created2022-02-08-
dc.date.issued2022-01-
dc.identifier.issn0254-3737-
dc.identifier.urihttps://archives.kdischool.ac.kr/handle/11125/42920-
dc.identifier.uri10.22841/kerdoi.2022.38.1.003-
dc.description.abstractWe used a structural model to determine which aspects of efficiency and equity criteria were advocated in allocating investment in transportation infrastructure by region in the Republic of Korea during the period of 2001–2014. The estimation by the generalized method of moments indicated that the country’s regional allocation of public investment favored equity enhancement rather than efficiency gain. Empirical findings also include evidence of the substitutionary relationship between the investments by the central and regional governments, as well as the excess capital stock of transportation infrastructure compared with the optimum. The infrastructure needs and regional financial conditions had limited effects on the past allocation of investment. Political influence was exerted with respect to electoral productivity rather than partisanship.-
dc.languageEnglish-
dc.publisherThe Korean Economic Association-
dc.titleEfficiency or Equity? Determinants of Regional Allocation of Infrastructure Investment in the Republic of Korea-
dc.title.alternative효율성인가, 형평성인가? 한국 인프라투자 지역 배분의 결정요인-
dc.typeArticle-
dc.identifier.bibliographicCitationThe Korean Economic Review, vol. 38, no. 1, pp. 73-108-
dc.identifier.kciidART002796527-
dc.description.journalClass1-
dc.description.isOpenAccessN-
dc.citation.endPage108-
dc.citation.number1-
dc.citation.startPage73-
dc.citation.titleThe Korean Economic Review-
dc.citation.volume38-
dc.contributor.affiliatedAuthorLee, Jongyearn-
dc.identifier.doi10.22841/kerdoi.2022.38.1.003-
dc.subject.keywordAuthorEquity–Efficiency Trade-off-
dc.subject.keywordAuthorTransportation Infrastructure-
dc.subject.keywordAuthorPublic Investment-
dc.subject.keywordAuthorPolitical Economy-
dc.subject.keywordAuthor효율성-형평성 간 상충관계-
dc.subject.keywordAuthor교통인프라-
dc.subject.keywordAuthor공공투자-
dc.subject.keywordAuthor정치경제-
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