industrial policy
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Industrial policy for economic development
What have economists learnt about using industrial policy to promote economic development?
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China does not pick – or create – winners when giving subsidies to firms
What is the relationship between the allocation of government subsidies and total productivity for Chinese listed firms?
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Creative destruction and catch-up growth in India
Selectively supporting transformative firms is a viable strategy to promote growth where there is less creative destruction
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The plant-level view of an industrial policy: The Korean heavy industry drive of 1973
Korea’s promotion of heavy and chemical industries would have been more successful if it had not come with a rise in concentration and misallocation
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Industrial policies in production networks
The industrial sectors a government chooses to support are critical to development by inducing ripple effects on production networks at large
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The (unintended) effects of China’s 2004 tax reform
Firms used VAT savings from China’s tax reform to invest in machinery as intended, but the reform reduced firm productivity, exports and employment
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Where are we in the economics of industrial policies?
Research on industrial policy has taken off, leading to a better understanding of when such policies effectively harness economic development
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Manufacturing revolutions: The role of industrial policy in South Korea’s industrialisation
South Korea’s industrial policy in the late 1970s played a critical role in forging its modern economy. Are there lessons for the developing world?
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The implication of firm competition on industrial policies
Small firms that receive subsidies in India grow more quickly than their competitors. But is it a zero-sum game?