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Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

Author

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  • Bernd Hayo

    (University of Essen)

  • Doh Shin

    (University of Missouri)

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.

Suggested Citation

  • Bernd Hayo & Doh Shin, 2002. "Mass Attitudes Toward Financial Crisis and Economic Reform in Korea," Development and Comp Systems 0205003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0205003
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    References listed on IDEAS

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    Cited by:

    1. Hayo, Bernd & Ono, Hiroyuki, 2011. "Livelihood and care of the elderly: Determinants of public attitudes in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 25(1), pages 76-98, March.
    2. Ehrmann, Michael & Stracca, Livio & Soudan, Michel, 2012. "Explaining EU citizens’ trust in the ECB in normal and crisis times," Working Paper Series 1501, European Central Bank.
    3. Migheli, Matteo, 2009. "The two sides of a ghost: Twenty years without the wall," POLIS Working Papers 125, Institute of Public Policy and Public Choice - POLIS.
    4. Jaok Kwon, 2019. "Globalization and Business Masculinities in South Korea: Top Managers in the Industrial Sector," Social Sciences, MDPI, vol. 8(12), pages 1-17, November.
    5. Khilji, Bashir Ahmad & Farrukh, Muhammad Umer & Iqbal, Mammona & Hameed, Shahzad, 2010. "The Impact of Recent Financial Recession on the Banking sector of Pakistan," MPRA Paper 30558, University Library of Munich, Germany, revised 05 Jan 2011.

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    More about this item

    Keywords

    South Korea; financial crisis; public opinion; economic reform strategies;
    All these keywords.

    JEL classification:

    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • F3 - International Economics - - International Finance

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