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http://dx.doi.org/10.14400/JDC.2020.18.9.103

The Analysis of the current state and components of Korea's National Debt  

Yang, Seung-Kwon (Department of Tax & Accounting, Seoil University)
Choi, Jeong-Il (Division of Business, SungKyul University)
Publication Information
Journal of Digital Convergence / v.18, no.9, 2020 , pp. 103-112 More about this Journal
Abstract
The purpose of this study is to examine the current status and components of Korean National Debt and to analyze the effects of each component on National Debt. In the Korean Statistical Information Service (KOSIS), we searched for data such as General Accounting Deficit Conservation, For Foreign Exchange Market Stabilization, For Common Housing Stability, Local Government Net Debt Public Funds, etc that constitute National Debt. The analysis period used a total of 23 annual data from 1997 to 2019. The data collected in this study use the rate of change compared to the previous year for each component. Using this, this study attempted index analysis, numerical analysis, and model analysis. Correlation analysis result, the National Debt has a high relationship with the For Common Housing Stability. For Foreign Exchange Market Stabilization, Public Funds, etc., but has a low relationship with the Local Government Net Debt. Since 1997, National Debt has been increasing similarly to the For Foreign Exchange Market Stabilization, For Common Housing Stability and Public Funds etc. Since 2020, Korea is expected to increase significantly in terms of For Common Housing Stability and Public Funds, etc due to Corona19. At a time when the global economic situation is difficult, Korea's National Debt is expected to increase significantly due to the use of national disaster subsidies. However, if possible, the government expects to operate efficiently for economic growth and financial market stability.
Keywords
National Debt; General Accounting Deficit Conservation; For Foreign Exchange Market Stabilization; For Common Housing Stability; Local Government Net Debt; Public Funds; etc;
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Times Cited By KSCI : 4  (Citation Analysis)
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