지방자치단체간 재산세율경쟁에 관한 경험적 연구

지방자치단체 간 재산세율 경쟁의 확산 양상을 경험적으로 분석했다.

In 2004 the central government of Korea realized the property assessment value for the purpose of cooling down the excessive boom of real estate market, which resulted in increasing the local property taxes. Against the central governments tax policy, local governments had competitively begun to adopt the elasticity tax rate(ETR) to reduce the local residents tax burdens. This study tries to explain the diffusion patterns of local governments adopting ETR from the perspective of yardstick competition theory. This study also conducts a series empirical tests to show that intergovernmental yardstick tax-competition induces the local governments ETR adoptions.

By using SAR model of spatial econometrics, we find the existence of intergovernmental yardstick tax-competition in local governments ETR adoptions, implying that local governments strategically mimick their neighboring local governments tax changes.