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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
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    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.

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    Bibliographic Info

    Article provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.

    Volume (Year): 46 (2012)
    Issue (Month): 9 ()
    Pages: 1449-1457

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    Handle: RePEc:eee:transa:v:46:y:2012:i:9:p:1449-1457

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    Related research

    Keywords: Traffic violation pardon; Populism; Costs of traffic accident;

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    1. David C. Grabowski & Michael A. Morrisey, 2004. "Gasoline prices and motor vehicle fatalities," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 23(3), pages 575-593.
    2. Dickerson, Andrew & Peirson, John & Vickerman, Roger, 2000. "Road Accidents and Traffic Flows: An Econometric Investigation," Economica, London School of Economics and Political Science, vol. 67(265), pages 101-21, February.
    3. Garcia-Ferrer, Antonio & del Hoyo, Juan, 1987. "Analysis of the Car Accident Indexes in Spain: A Multiple Time Series Approach," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(1), pages 27-38, January.
    4. Grabowski, David C. & Morrisey, Michael A., 2006. "Do higher gasoline taxes save lives?," Economics Letters, Elsevier, vol. 90(1), pages 51-55, January.
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