Earmarking in Theory and Korean PracticeRichard M. Bird () and Joosung Jun International Studies Program Working Paper Series, at AYSPS, GSU from International Studies Program, Andrew Young School of Policy Studies, Georgia State University Abstract: In the first part of this paper we present a non-technical analysis of earmarking. We then briefly review some international experience with earmarking and its apparent results. The main new contribution of the paper is the concluding description and evaluation of the nature, efficacy, and effects of earmarking in Korea. Earmarking – assigning revenues from designated sources to finance designated expenditures – is an old and popular practice in many countries around the world. In Section 1, we set out a taxonomy of earmarking to set the stage for discussion in Section 2 of the reasons why countries might decide to earmark particular revenues. In Section 3 we review briefly some international experience with earmarking and its apparent results. Against this general background, in Section 4, the main new contribution of the paper, we describe the perhaps surprising amount of earmarking in Korea and present a preliminary evaluation of its efficacy and effects. A brief Section 5 concludes. Keywords: Korea; tax and expenditures; embarking (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: http://EconPapers.repec.org/RePEc:ays:ispwps:paper0515 Access Statistics for this paper More papers in International Studies Program Working Paper Series, at AYSPS, GSU from International Studies Program, Andrew Young School of Policy Studies, Georgia State University |
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