• Title/Summary/Keyword: Local public finance

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Development of Finance Sharing Criteria for Metropolitan BRT Infrastructure (광역BRT시설의 재원분담기준 개발)

  • Kim, Sung-Eun;Kim, Si-Gon
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.32 no.1D
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    • pp.71-80
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    • 2012
  • Metropolitan transport demand has increased in Seoul Metropolitan Area (SMA) due to the expansion of its role and land use. Various public transport modes have to be supplied to relieve road congestions for the convenience of users. During the constructions of theses infrastructures some conflicts between the central government and local governments arise for sharing financial resources. In this study finance sharing criteria is developed for the metropolitan BRT, transfer facility, and public garages. Finally, a case study has been done for the metropolitan BRT between Cheongra and Hwagok area in SMA.

A Strategy to Build a Local Wlde-city Metropolitan Transportation Electric Railway System (지방 대도시권 광역전철 구축 전략)

  • Han Woo-jin
    • Proceedings of the KSR Conference
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    • 2003.05a
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    • pp.257-262
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    • 2003
  • Now, the population and economical power is deeply concentrated to Seoul-metropolitan region, therefoere the provinces is so lagging behind and the country cannot get balance development. And, like metropolitan region, the more outer the living area of local wide-area city is spreading, the more serious wide-region transportation problems are. But the railroads near wide-area city fun seldom commuter train, so they cannot absorb the transportation demand of wide-area city metropolitan region. To solve above transportation problem, local wide- area cities try to make a subway or a light rail transit. But it is so difficult because the limit of public finance and original small capacity of light rail. In the paper, I propose 'Local city wide-area electric railways' system of the consortium of 'Local wide-city and province transportation union', Korean National Railroad (KNR) and local capital. A 'Local wide-city and province transportation union' operates commuter railways directly using the facilities of KNR, and local capital invests to the stations of above railways system. Therefore the commuter railway system around local wide-city region will be constructed quickly and the stations will be the strong point of local development and investment.

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Effective Models for Connecting BTL and Project Finance (BTL 사업과 프로젝트 금융의 효과적 결합 방안)

  • Park, Won-Seok
    • Journal of the Economic Geographical Society of Korea
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    • v.11 no.2
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    • pp.233-250
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    • 2008
  • This paper aims to analyze the characteristics of BTL, and to propose the effective models connecting BTL and project finance, through the analysis of current state and case study of BTL. The main results of this study are as follows. Firstly, BTL business have been increasing fast, and most of projects are middle size projects below 100 billion Won. Nextly, key suggestions for improving BTL business model are analyzed, which are, first, risk allocation between public and private interests, second, improvement of method for selecting private investment consortium, and third, alleviation of long-term burden of local finance. Finally, effective models for connecting BTL and project finance, which are, first, model for using asset backed securities, second, model for dividing project corporations into construction corporation and operation corporation, and third, model for risk allocation between public and private interests.

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Factors Affecting Students' Decision to Choose Regional Public Universities: An Empirical Study from Vietnam

  • LE, Thi Thanh Thuy;TRAN, Minh Tuan;LE, Hoang Ba Huyen
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.143-152
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    • 2022
  • The purpose of this paper is to investigate the impact of several factors on students' decisions to attend a public institution in Vietnam's North Central area. The enrollment issue toward regional institutions is particularly critical in the Vietnam Ministry of Education and Training reforming the university enrollment process and the complicated scenario of the Covid-19 pandemic. A total of 500 students were surveyed for research samples. Data is synthesized, validated, cleaned, and analyzed using SPSS and AMOS software using methods including reliability, EFA, CFA, and SEM. The findings suggest that the proposed independent components (individual factors, study fees, advertisement, infrastructure and facilities, local features, and lastly, training activities) have a beneficial impact on students' decision to attend a public university in the North Central region. The study also found that the graduation exam outcome had a moderating effect on the relationship between registration and students' decisions. These imply targeted solutions for regional public universities to diversify training majors, improve training quality, capitalize on local advantages, increase interaction, and promote training programs and image to be more effective in attracting students and maintaining competition in the current enrollment environment.

Human Resource Development in Local Governments: Increased Transparency and Public Accountability

  • SUWANDA, Dadang;SURYANA, Dodi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.1063-1069
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    • 2021
  • The purpose of this study is to explore and empirically analyze the factors affecting transparency and public accountability in local government, which have not been sufficiently researched in terms of human resource management, and good governance implementation. In particular, this study intends to examine human resource management activities focusing on the government effectiveness dimension. This study uses a qualitative approach and phenomenological method to examine the phenomenon of participant experience along with documents that are in the setting under study. Participants consisted of nine people from the Regional Government Work Unit of Tasikmalaya City, the private sector, and the community. The researcher divided data analysis into three sub-indicators, including effectiveness and efficiency, responsiveness, and public service. The Results show Regional Financial and Asset Management Agency (BPKAD) of Tasikmalaya City as sufficient in terms of human resources, this can be verified from the number of leaders and staff, which amounts to 58 people, of which 80% are economic graduates. Although the quantity is adequate, the quality of human resources in BPKAD in Tasikmalaya City is still weak. In Conclusion of this study it is inferred that the application of the government effectiveness dimension in BPKAD Tasikmalaya City is not optimal and need adequate training to improve employee performance in financial management.

The Regional Economic Growth Strategy Based on the Characteristics of Local Public Finance of Gyeonggi-do (경기도 재정력 변동의 특성에 따른 경제성장 전략 연구 -다양한 지역구분에 따른 실증분석-)

  • Park, Wan Kyu;Ji, Ann Cho;Song, Il Hwan
    • Journal of the Economic Geographical Society of Korea
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    • v.20 no.1
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    • pp.84-104
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    • 2017
  • In this study, we divided Gyeonggi-do into Northern, Southern, Western, and Eastern Parts and found out fiscal variables which affected regional economic growth of each Part differentially. And we drew the strategy for economic growth of each Part. After we found out the variables which affected regional economic growth using fixed-effect model, we carried out causality test to determine whether a specific fiscal variable caused economic growth. In the Eastern Part, local tax revenues had a significant effect on the economic growth. Total expenditures, current expenditure in the Southern Part and social welfare expenditure, expenditure on industries, current expenditure in the Northern Part had noticeable effects on economic growth respectively. And we calculated multipliers of fiscal variables to compare the magnitudes of effects among these Parts.

A Case Study on the Method of Public finance expansion for Local Government : - Focus on Kyonggi province profit-oriented public projects - (지방자치단체의 재정확충 제고방안에 대한 사례별 조사연구 -경기도 경영수익사업을 중심으로-)

  • 정종기;최락인
    • Journal of the Korea Society of Computer and Information
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    • v.5 no.3
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    • pp.159-170
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    • 2000
  • This Study is object to find the problems related to the profit-oriented public projects carried out by Kyonggi province and to suggest policy alternative to the local governments. The problems in the profit-oriented public projects are (1) the selection of areas, (2) the planning stage, (3) the management of the projects. The alternative suggestions to improve these problems are (1) the projects which are lack of public interest should be carried out by the private sector, (2) the projects with intense competition in the market should not be promoted as the profit-oriented public projects, (3) the projects in which institutional or natural hindrances are in the entry of private sectors should be carried out as the profit-oriented public projects, (4) the related system and enhancing the flexibility of applying the system, and enhancing the abilities of management mind of the local officials.

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A Constructing the Composite Index using Unobserved Component Model and its Application (비관측요인모형을 이용한 종합지표 작성 및 적용)

  • Kang, Gi-Choon;Kim, Myung-Jig
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.1
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    • pp.220-227
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    • 2014
  • This paper introduces and applies the World Bank's methodology for constructing composite index or aggregating indicators. After recalculating the world competitiveness index of IMD using Unobserved Component Model(UCM) we compare it with the existing index and try to find some implications. We also try to construct the composite index for measuring the performance of local finance. We employ the Principal Component Analysis(PCA) for validating the appropriateness of selected indicators used in making the composite index. We found that the UCM and PCA are very useful and will be used widely in various evaluations such as regional development, local finance, local competitiveness and public enterprise, etc.

Isomorphism, Human Resource Capability and Its Role in Performance Measurement and Accountability

  • WULANINGRUM, Puspita Dewi;AKBAR, Rusdi;SARI, Martdian Ratna
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1099-1110
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    • 2020
  • This research tests the effects of institutional pressures, the use of performance measurement systems and accountability, and moderation effects of human resource capability between institutional pressures and the use of performance measurement systems in the Local Government institutions in Indonesia. The research aims to provide empirical evidence both quantitatively and qualitatively that isomorphism institutional pressures occurred in the scope of implementation of the performance measurement system and accountability in the public sector organizations and to show the importance of human resource capability enhancement in reducing external pressure impact. In addition, it tries to develop the correlation model of institutional pressures, human resource capability, implementation of the performance measurement system, and accountability of public sector organizations. The research used mixed methods with sequential explanatory design. The data collection used surveys and interviews in 209 regency/Special Region of Yogyakarta and Central Java local governments as samples. The research result indicated that the institutionalization process of the performance measurement is influenced by institutional pressures, especially coercive and mimetic pressures. Human resource capability was unable to weaken institutional pressures effects in the performance measurement system implementation. The research also proved that the use of a performance measurement system was able to improve local government institution accountability.

A Study on the Use of Volunteerism in Local Governments;centering on the case of America (지방자치단체들의 자원봉사제도 활용방안에 관한 연구;미국의 사례를 중심으로)

  • Lee, Sung-Woo;Kim, Jeong-Seop
    • Journal of Agricultural Extension & Community Development
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    • v.5 no.2
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    • pp.165-175
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    • 1998
  • Volunteerism, as one type of citizen participation, can help local governments to cut down administrative expenditure and contribute to rasing of democratic consciousness in community. In this study, researchers examined the practical use of volunteerism in America. And discussed diverse incentives to voluntary service and rewards for volunteers. Local governments in Korea have suffered under lack of human resource and public finance. By positive introduction of volunteerism, they may obtain the desired results.

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