• Journal of the Economic Geographical Society of Korea
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• v.25 no.4
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• pp.629-640
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• 2022

This study analyzed the relationship between local government size and regional economic growth using regional data from 2002 to 2020. By dividing local government expenditure into social development expenditure and economic development expenditure, economic growth and the inverted U-shaped Armey curve were verified, and the optimal size of local government expenditure was examined. In particular, the AMG estimation method considering the cross-sectional dependence and regional heterogeneity existing in the panel data was utilized. As a result of the analysis, it was found that there was an inverted U-shaped relationship between local fiscal expenditure and regional economic growth. When the proportion of total local fiscal expenditure is 7.63% of GRDP and social development expenditure is 3.45%, it is found that the optimal size of expenditure can maximize the regional economic growth rate. Local governments should increase the effectiveness of public expenditure policies by considering these points.

• Journal of the Economic Geographical Society of Korea
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• v.24 no.4
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• pp.400-410
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• 2021

This study analyzed the determinants of carbon dioxide emissions through the expanded STIRPAT model using panel data from 16 metropolitan cities and provinces in Korea from 2000 to 2019. After testing cross-sectional dependence and coefficient heterogeneity of panel data, we performed analysis using MG, CCEMG, and AMG estimation methods reflected these characteristics. The results of analysis using the AMG estimation method are as follows. The coefficients of income, population, and energy intensity were statistically significant with a positive sign, but urbanization was statistically insignificant. Reduction of carbon dioxide emissions in Korea can be achieved through an increase in energy efficiency and sustainable economic growth. It is necessary to establish a policy that can contribute to sustainable economic growth by inducing productivity improvement through technology innovation reducing carbon dioxide emissions in the long-term as well as building a low-carbon society through active development of carbon dioxide reduction technology.