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Title:Mass attitudes toward financial crisis and economic reform in Korea PDF Logo
Authors:Hayo, Bernd
Issue Date:2005
Series/Report no.:Marburger volkswirtschaftliche Beiträge 2005,04
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 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.
Subjects:South Korea
financial crisis
public opinion
economic reform strategies institution
JEL:O5
F3
Document Type:Working Paper
Appears in Collections:Marburg Papers on Economics • Marburger Volkswirtschaftliche Beiträge, Universität Marburg

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