Mass Attidudes Toward Financial Crisis and Economic Reform in Korea
AbstractThis paper gives an account of the financial crisis that took place in Korea from the point of view of the Korean population using survey data collected in 1998 and 1999. Although both, internal and external factors were blamed as causes, domestic factors were considered to be of greater importance. After identifying respondents as supporting either market-based or statebased reform strategies using factor analysis, various determinants of these alternative views are being analyzed within the framework of regression models. A particularly interesting result is that, contrary to theoretical assumptions and empirical evidence on other regions, it is political ideology and not individual economic determinants that helps to explain the respondents’ attitudes towards reform strategies in Korea.
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Bibliographic InfoPaper provided by Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) in its series Marburg Working Papers on Economics with number 200504.
Length: 38 pages
Date of creation: 2005
Date of revision:
South Korea; financial crisis; public opinion; economic reform strategies institution;
Other versions of this item:
- Bernd Hayo & Doh Shin, 2002. "Mass Attitudes Toward Financial Crisis and Economic Reform in Korea," Development and Comp Systems 0205003, EconWPA.
- O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
- F3 - International Economics - - International Finance
This paper has been announced in the following NEP Reports:
- NEP-AFR-2006-05-27 (Africa)
- NEP-ALL-2006-05-27 (All new papers)
- NEP-FMK-2006-05-27 (Financial Markets)
- NEP-POL-2006-05-27 (Positive Political Economics)
- NEP-SEA-2006-05-27 (South East Asia)
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