지역특구제도의 선별적 규제완화 효과 분석

This study investigates whether or not local special district institution which reflects local characteristics and conditions have significant influence on local economic growth. We build a model to explore factors influencing local economic growth. For more systematic analysis, the model not only considers local special district institution defined as policy/institutional condition, but also includes socio-economic conditions and financial conditions as critical factors influencing local economic growth. According to the analytic results, while socio-economic conditions and financial conditions usually have statistically positive influence on businesses inducement, employee increase, and local revenue raising, policy/institutional conditions do not have statistically positive influence on the almost all variables of local economic growth, except for the influence of financial resources for local special district. These findings imply that substantial local economic growth would be achieved by a comprehensive policy approach considering economic and financial conditions together, rather than partial policy alternatives such as local special districts, which are focused on policy/institution. This study carefully suggests that decision makers of local governments need to consider comprehensive policy approaches.