대규모 사회간접자본 유치가 지역구 국회의원 재선에 미치는 영향

The attraction of large-scale social overhead capital is influenced by political factors, with multiple political stakeholders involved. For example, local legislators may use large-scale social overhead capital as a way to secure votes from their constituents. When large-scale social overhead capital attraction is driven by political reasons, it inevitably entails increased inefficiency due to distorted resource allocation. This study uses a linear probit model to analyze the impact of a pre-feasibility study project on the re-election of a local legislator. It empirically examines the possibility of political intervention in the process of attracting large-scale social overhead capital. The results show that the attraction of large-scale social overhead capital has a positive impact on the re-election probability of local legislators. Then, analyzing the impact of economic feasibility and economic size on re-election, the results show a significant positive correlation between the economic feasibility and total cost of a project and the probability of re-election. This means that local legislators are likely to actively seek to attract large-scale social overhead capital to their districts for the political benefit of getting elected. The results of the above analysis can be interpreted as evidence that despite the introduction and operation of the pre-feasibility study system, politics still intervenes in the process of attracting large-scale social overhead capital. Therefore, it is necessary to refine the method of economic feasibility analysis of pre-feasibility study projects and introduce new methods to prevent inefficiency in large-scale social overhead capital projects.