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Does Economic IQ Affect the Anti-Business Sentiments in Korea?

  • Journal of Regulation Studies
  • 2016, 25(2), pp.19-43
  • Publisher : 한국규제학회
  • Research Area : Social Science > Public Administration

Inhak Hwang 1 Kang, Won 2

1한국경제연구원
2세종대학교

Accredited

ABSTRACT

It’s been quite a time since the high level of anti-business sentiments in Korea have been one of the major social issues. However, there has been few rigorous research on the matter. In this study, we treat the anti-business as perceptional phenomena associated with information and knowledge rather than emotional judgement. We seek to find the causes of the anti-business and regress on demographic factors, social capital, and economic I.Qs. Economic I.Q. variables here include individual knowledge and information on the nature of the firm and market competition, etc. The results show that the anti-business increases as the economic I.Q. and social trust decrease. This implies that the anti-business can be partly managed by market-friendly education. Furthermore, social trust, which is historically path dependent, should be also improved to reduce the high and persistent anti-business sentiments in Korea.

Citation status

* References for papers published after 2023 are currently being built.