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Estimating the costs of political populism: Traffic violation pardons in Korea

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  • Kwon, Youngsun
  • Han, Seung Hun
  • Nam, Changi

Abstract

Since 1995, four presidents have granted six traffic violation pardons in Korea, and 24.6 million individuals have been the beneficiaries of these pardons. The objective of this paper is to explore how costly traffic violation pardons are by finding out the effects of traffic violation pardons on traffic accidents, and then estimating the economic costs caused by traffic violation pardons. Traffic violation pardons have the effect of raising traffic accidents by 4.3% and 3.6% per year and the economic costs of traffic accidents by 4.2% and 3.5% per year for two consecutive years after the pardons are granted.

Suggested Citation

  • Kwon, Youngsun & Han, Seung Hun & Nam, Changi, 2012. "Estimating the costs of political populism: Traffic violation pardons in Korea," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(9), pages 1449-1457.
    • Handle: RePEc:eee:transa:v:46:y:2012:i:9:p:1449-1457
    DOI: 10.1016/j.tra.2012.07.003
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    References listed on IDEAS

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    Cited by:

    1. Juan Luis Jiménez & José Abreu, 2016. "Pardon Does not Forgive Democracy: Econometrical Analysis of Pardons in Spain," Hacienda Pública Española / Review of Public Economics, IEF, vol. 216(1), pages 81-102, March.

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