The Effects of Fiscal Expenditure on Employment and Welfare - A CGE Analysis
Title
The Effects of Fiscal Expenditure on Employment and Welfare - A CGE Analysis
Author(s)
Nam
; Sang-Ho
Keyword
고용복지
; 재정지출
Publication Year
2015
Publisher
Korea Institute for Health and Social Affairs
Abstract
In this study, we developed a computable general equilibrium (CGE) model with which to analyze the effects of fiscal expenditure on economic growth,employment, and income distribution. The extent of job-creating benefits from additional fiscal expenditure by sector will occur in the following order, from greatest to least: public administration and defense, education, social welfare, and healthcare.
Table Of Contents
Summary 1 CHAPTER 1 Introduction 13 1. Background and objectives 15 2. Methodology and organization 17 CHAPTER 2 Database and the Model 21 1. Developing a database 23 2. Structure of the CGE model 31 CHAPTER 3 Effects of Fiscal Expenditure on Employment and Welfare 35 1. Overview 37 2. Findings 39 3. Chapter conclusion 52 CHAPTER 4 Findings and Policy Implications 55 1. Summary of findings 57 2. Policy implications 58 3. Directions for future research 59 Reference 61
Local ID
Working Paper 2015-14
ISBN
978-89-6827-312-4
KIHASA Research Subject Classification
General social security > Social security financing
Income protection > Welfare-to-work
