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Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

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Author Info
Bernd Hayo (University of Essen)
Doh Shin (University of Missouri)

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Abstract

This paper addresses an aspect of the financial crisis in South Korea that has not been dealt with in depth. The question that will be analyzed is: how does the general population perceive the crisis? In attempting to answer this question we rely on new representative survey data, covering the years 1998 and 1999. Specifically, respondents voice their opinion (a) regarding the causes of the crisis, (b) the potential agencies fostering a recovery, (c) the domestic versus international reform strategies involved, and (d) the government-or market-oriented reform programs involved. Given the importance of public support for economic reforms, some of the results of our research could prove to be of considerable value to Korean policy makers or advising international organizations.

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Paper provided by EconWPA in its series Development and Comp Systems with number 0205003.

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Date of creation: 24 May 2002
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Handle: RePEc:wpa:wuwpdc:0205003

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Web page: http://129.3.20.41

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Related research
Keywords: South Korea; financial crisis; public opinion; economic reform strategies;

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Find related papers by JEL classification:
O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
F3 - International Economics - - International Finance

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Stiglitz, Joseph E, 1999. "Responding to Economic Crises: Policy Alternatives for Equitable Recovery and Development," Manchester School, University of Manchester, vol. 67(5), pages 409-27, Special I. [Downloadable!] (restricted)
  2. Stephan Haggard & Robert Kaufman, 1989. "The Politics of Stabilization and Structural Adjustment," NBER Chapters, in: Developing Country Debt and the World Economy, pages 263-274 National Bureau of Economic Research, Inc. [Downloadable!]
  3. Gerard Roland, 2002. "The Political Economy of Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 29-50, Winter. [Downloadable!] (restricted)
  4. Steven Radelet & Jeffrey D. Sachs, 1998. "The East Asian Financial Crisis: Diagnosis, Remedies, Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1998-1), pages 1-90. [Downloadable!]
  5. Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March. [Downloadable!] (restricted)
  6. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May. [Downloadable!] (restricted)
  7. Bernd Hayo & Doh Chull Shin, 2002. "Popular Reaction to the Intervention by the IMF in the Korean Economic Crisis," Journal of Policy Reform, Taylor and Francis Journals, vol. 5(2), pages 89-100, January. [Downloadable!] (restricted)
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This page was last updated on 2009-12-9.

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