| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29252 |
| 来源ID | Working Paper 29252 |
| The Plant-Level View of an Industrial Policy: The Korean Heavy Industry Drive of 1973 | |
| Minho Kim; Munseob Lee; Yongseok Shin | |
| 发表日期 | 2021-09-20 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Does industrial policy work? This is a subject of long-standing debates among economists and policymakers. Using newly digitized microdata, we evaluate the Korean government's policy that promoted heavy and chemical industries between 1973 and 1979 by cutting taxes and building new industrial complexes for them. We show that output, input use, and labor productivity of the targeted industries and regions grew significantly faster than those of non-targeted ones. While the plant-level total factor productivity also grew faster in targeted industries and regions, the misallocation of resources within them got significantly worse, especially among the entrants, so that the total factor productivity at the industry-region level did not increase relative to the non-targeted industries and regions. In addition, we provide new evidence on how industrial policy reshapes the economy: (i) The establishment size distribution of targeted industries and regions shifted to the right with thicker tails due to the entry of large establishments and (ii) the targeted industries became more important in the economy's input-output structure in the sense that their output multipliers increased significantly more. |
| 主题 | Macroeconomics ; Consumption and Investment ; Development and Growth ; Development ; Country Studies |
| URL | https://www.nber.org/papers/w29252 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586926 |
| 推荐引用方式 GB/T 7714 | Minho Kim,Munseob Lee,Yongseok Shin. The Plant-Level View of an Industrial Policy: The Korean Heavy Industry Drive of 1973. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29252.pdf（1276KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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