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Understanding which industrial policies work is important to promote the development of poorer countries. This column examines the effects of technology and knowledge transfers on early industrial development, using evidence from the Sino-Soviet Alliance in the 1950s. The authors find that simultaneously receiving technologically advanced capital goods and know-how transfer ....
South Korea's Industrial Policy: Growth with Inefficiency nber.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nber.org Daily Mail and Mail on Sunday newspapers.
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 ....