Detailed Information

Cited 0 time in webofscience Cited 0 time in scopus
Metadata Downloads

Political Economy of Capital City Relocation in Korea수도이전의 정치경제학

Other Titles
수도이전의 정치경제학
Authors
신도철
Issue Date
Dec-2008
Publisher
한국법경제학회
Keywords
capital city relocation; model of probabilistic voting; electoral competition; political entrepreneurship; 수도이전; 확률적 투표 모형; 선거경쟁; 정치적 기획자
Citation
법경제학연구, v.5, no.2, pp 239 - 254
Pages
16
Journal Title
법경제학연구
Volume
5
Number
2
Start Page
239
End Page
254
URI
https://scholarworks.sookmyung.ac.kr/handle/2020.sw.sookmyung/7756
ISSN
1738-3951
Abstract
The political decision to relocate the capital city or construct a new administrative city in Korea seems to have been guided mainly by the politicians' consideration for winning elections. This paper presents a theoretical model of voting to capture important features of the political decision-making on the capital city relocation or new administrative city construction. A model of probabilistic voting shows that more powerful are groups including a larger number of swing voters who are mobile across parties. To win the elections, parties direct economic benefits toward these non-ideological voters. The paper also suggests institutional arrangements to prevent or mitigate efficiency losses resulting from electoral competitions: decentralization, generality constraints, project evaluation, referendum, qualified majority, judicial review, and so on. The campaign promise of capital city relocation must have been raised by very clever political entrepreneurs. Now, however, a political entrepreneurship might emerge to repeal the project of new administrative city construction, given that the project seems to involve vast waste of national resources and needless inconveniences to many people. And we hope that a greater political entrepreneurship shows itself to establish institutional arrangements for preventing rotational exploitations and resulting inefficiencies.
Files in This Item
Go to Link
Appears in
Collections
경상대학 > 경제학부 > 1. Journal Articles

qrcode

Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.

Altmetrics

Total Views & Downloads

BROWSE