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Mass attitudes toward financial crisis and economic reform in Korea

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  • Mass attitudes toward financial crisis and economic reform in Korea
  • Bernd, Hayo
  • University of Marburg


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Title Mass attitudes toward financial crisis and economic reform in Korea
Similar Titles
Material Type Reports
Author(English)

Bernd, Hayo

Publisher

[Marburg]:University of Marburg

Date 2014-01
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Economy < Economic Administration
Holding University of Marburg

Abstract

This 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 state based 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.