콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Government and Law Political Systems
Government and Law Political Development

Print

The effect of democratization on election-oriented economic policy : Evidence from South Korea

Related Document
Frame of Image
  • The effect of democratization on election-oriented economic policy
  • Bae, Jin Seok
  • The University of Texas at Austin


link
Title The effect of democratization on election-oriented economic policy
Similar Titles
Sub Title

Evidence from South Korea

Material Type Articles
Author(English)

Bae, Jin Seok

Publisher

Austin:The University of Texas at Austin

Date 2015-12
Pages 240
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Government and Law < Political Systems
Government and Law < Political Development
Holding The University of Texas at Austin

Abstract

The purpose of this study is to explore the effect of electoral politics on macroeconomic and distributive policy in East Asian “developmental states” using empirical evidence from South Korea. Based on existing theories of political budget cycles (PBCs) and distributive politics, this study examines how democratization affects the pattern and degree of political budget cycles and targeted spending. Contrary to the bureaucracy dominance thesis in developmental state theory, I argue that authoritarian leaders in Korea had incentives to manipulate macroeconomic conditions before elections to increase the ruling party’s urban representation. The incentives for PBCs and targeted spending under authoritarian rule were, of course, smaller than that under democracy, but the constraints on PBCs and targeted spending were also smaller under authoritarian rule. I find that PBCs occurred in Korea before and after democratization and that democratization did not affect the degree of PBCs in statistical terms. (The rest omitted)