Structural Transformation, Input-Output Networks, and Productivity Growth
This paper reviews findings from the literature and their relevance for structural transformation and industrialisation in developing countries
Source: gov.uk
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This paper reviews findings from the literature and their relevance for structural transformation and industrialisation in developing countries
Industrial policy has divided economists for decades. This column evaluates Korean government's policy of promoting heavy and chemical industries in the 1970s, using plant-level output and productivity data. It shows that output and input use of targeted industries/regions grew significantly faster than those of non-targeted ones. However, total factor productivity did not