Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

SPP Working Paper No. 363

29 Pages Posted: 12 Jun 2002

See all articles by Bernd Hayo

Bernd Hayo

University of Marburg - School of Business & Economics

Doh Chull Shin

University of Missouri at Columbia - Department of Political Science

Multiple version iconThere are 2 versions of this paper

Date Written: May 2002

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.

Keywords: South Korea, financial crisis, public opinion, economic reform strategies

JEL Classification: O5, F3

Suggested Citation

Hayo, Bernd and Shin, Doh Chull, Mass Attitudes Toward Financial Crisis and Economic Reform in Korea (May 2002). SPP Working Paper No. 363. Available at SSRN: https://ssrn.com/abstract=313780 or http://dx.doi.org/10.2139/ssrn.313780

Bernd Hayo (Contact Author)

University of Marburg - School of Business & Economics ( email )

Universitaetsstr. 24
Marburg, D-35032
Germany
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Doh Chull Shin

University of Missouri at Columbia - Department of Political Science ( email )

309 Professional Bldg.
Columbia, MI 65211-6030
United States

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