Local public finance has long been an important topic in public administration research, with its significance growing as the proportion of local finance within the public sector continues to increase. However, there remains a lack of systematic analy...
Local public finance has long been an important topic in public administration research, with its significance growing as the proportion of local finance within the public sector continues to increase. However, there remains a lack of systematic analysis of local public finance research with a focus on comparing domestic and international research. This study explores the theoretical development and current position of local public finance research in Korea by using structural topic modeling and content analysis in the area of fiscal federalism, local fiscal adjustment systems, and local fiscal management. Our findings suggest future directions for local public finance research as follows. Firstly, it is necessary to conduct local finance research that enhances relevance within the Korean context. Secondly, more studies are needed on the mechanisms of various theoretical and normative models in local finance. Thirdly, studies on setting goals, addressing conflicts, and balancing the values pursued by local public finance are required, because local finance systems seek various administrative values. Lastly, ensuring the validity of empirical model specifications and addressing issues of endogeneity are critical in local finance research. This study suggests that future research should focus on methodological approaches, such as quasi-experimental designs, to address these challenges.