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Working Paper

The Growth Pattern of Central Government Expenditure in Korea

페이스북
커버이미지
  • 저자 김적교(金迪敎)
  • 발행일 1977/03/01
  • 시리즈 번호 7702
원문보기
요약 The Korean economy has achieved remarkable growth since
the early 1960s. The gross national product in real terms rose at
an average annual rate of 9.8 percent during the period
1962-1975, and even of we include the post war period
1953-1961, the growth rate of GNP averaged 7.5 percent, which
is still very impressive by international comparison.

There is no doubt that this remarkable achievement of the
koran economy over the last two decades is to a considerable
extent attributable to the aggressive fiscal policy followed by the
government. Despite the important role government played in the
development process of the Korean economy, little attempt has
been made to analyze the government sector of the economy in
the long-term historical context, particularly in the field of
government expenditures, where the existing data pose a number
of difficulties due to definitional problems and the lack of
consistency.

In view of the problems involved in the existing statistical
data, the primary purpose of this paper is to present a consistent
time series of government expenditures since 1949, which are
essential for any king of government sector analysis, and then,
on the basis of this time series data, to explain the growth
pattern of government expenditure over the past quarter of a
century.

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