[2021-05] Study on the Approval rate of the Government Policy: Focusing on the Policy Feedback Effect
[2021-05] Study on the Approval rate of the Government Policy: Focusing on the Policy Feedback Effect
Kim, Minsung
Moon Soul Graduate School of Future Strategy, KAIST
Abstract
Changes in public support for government policies are difficult to evaluate or predict. Due to the general public's feedback on policies that is not only greatly influenced by external factors of the environment, but also appears in various forms depending on the changes in resources regarding the policy or the interpretation of the policy. Existing studies on policy feedback focuses on the changes policy preferences of the individual, changes in the compilation of the budget, or comparative studies that have been researched among countries. By expanding the scope of policy feedback with this research study, we are trying to confirm if there are different policy feedback effects for each ministry by comparing and analyzing various domestic government ministries. This study analyzed survey data related to policies for real estate, women, and quarantine by using ‘Differences in Differences Method’ and ‘Causal Impact Analysis'. The results showed that there were repeating trends of increase or decrease on the impact of the feedback effects, the Korean government's COVID-19 quarantine policy caused a change in the approval rate of related ministries and the president by around 7%, the real estate policy by around - 8%, and the women's policy by around - 3%. It was confirmed that policies with high proximity and traceability can change the approval rate of ministries and leaders and that it is possible to confirm the argument of the 'policy feedback theory' which not only changes due to alterations in the availability of actual resources, but is also affected by the interpretation of the policy.
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