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http://dx.doi.org/10.13106/jidb.2021.vol12.no12.25

The Impact of the Covid-19 Crisis on the 21st General Election in Korea  

LEE, EURI (Department of Economics, Korea University)
Publication Information
The Journal of Industrial Distribution & Business / v.12, no.12, 2021 , pp. 25-33 More about this Journal
Abstract
Purpose: This paper estimates the impact of the epidemic crisis on election outcomes through investigating the effect of Covid19 crisis on election results of 21st General Election held in April 15th 2020 in Korea. Research design, data and methodology: This study employs Ordinary Least Square (OLS) method using district-level data from Seoul and Gyeonggi province available at National election data in Korea. Results: Despite the current crisis in Korea, Covid-19 has had positive effects on voter turnout on average, after controlling for other factors. On the other hand, the effect of Covid-19 on the voter turnout was negative in districts with a larger aging population and higher health insurance premiums. In addition, Covid-19 negatively impacted vote shares for the incumbent party, while its rival party saw gains in their votes. Conclusion: The effect of Covid-19 election outcomes in Korea is distinct from other countries due to the nationwide acknowledgment of the Korean government's achievement in managing the epidemic. This implies that the crisis management ability of a government is crucial in gaining support for an incumbent party in future elections. Countries facing upcoming elections need to implement acceptable Covid-19 restriction policies as well as economic support for compensation to reap similar benefits.
Keywords
Covid-19; Vote Turnout; Vote Share; Aging Population; Health Insurance Premiums;
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