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Policy Study
Candidate Selection Systems and Legislative Incentive

May 30, 2020

  • Author Jaehoon KimKIM. Dohyung
  • Series No. Policy Study 2020-01
  • Language Korean
PDF
Policy Study
Candidate Selection Systems and Legislative Incentive

May 30, 2020

  • Author Jaehoon KimKIM. Dohyung
  • Series No. 2020-01
  • Language Korean
PDF
We explore theoretically and empirically the implications of the political party's candidate selection systems on politicians’ incentives. Through a contract theory model for the problem of multiple principles and an agent with multi-task, we have shown that the bottom-up nomination system is socially optimal, and the politician's effort for re-election under the top-down nomination system is much less than social optimal. By utilizing the partial introduction of the bottom-up nomination system in the 17th general election, we empirically have found that the legislative effort of politicians elected through bottom-up nomination is greater than that of politicians elected through top-down nomination.
 
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Office of Global Economy
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future

The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.

Main Tasks
  • Economic trend analysis, short- and long-term forecast
  • Policy study on macroeconomic management
  • Basic structural analysis on macroeconomic areas
  • Maintenance of multi-sectoral dynamic macroeconomic model
Department of Macroeconomic Policy
  • LEE. Tae Suk

    Director, Division of Analysis and Evaluation

    82-044-550-4725
  • CHO, Byungkoo On leave

    Director and Vice President, Department of North Korean Economy

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  • LEE, Jongkyu

    Fellow

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  • WEE, Hyeseung Dispatched

    Research Associate

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  • NAM, Jinwook On leave

    Specialist

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  • KIM, Seulki

    Research Associate

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  • CHUN, Eunkyung

    Research Associate

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