We explore features of economic voting in Korea focusing upon the effects of the government-initiated New Town Renovation Project in Seoul. By examining its effect in the elections that took place after its initiation (2008 General Election) and after its unsuccessful execution (2010 Local Election), we find evidence of economic voting that is conditional on homeownership and is dependent upon the local governance structure. In general, we find evidence of homeowners keenly reacting to the rise and fall of the New Town Project; and at the same time we find some indications that voters who live in places under a vertically unified government tend to more explicitly reward or punish the incumbent party. |
Conditional_Pocketbook_Voting_and_Clarity_of_Responsibility_in_Korea.pdf
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DATE : 2021-09-25 11:42:12