RESEARCH • WORKING PAPER • Philipp Barteska, Oliver Kim, Nathan Lane, Seung Joo Lee
U.S. war procurement during the Vietnam War—a shock worth 2.9 percent of South Korea’s GDP—spurred the country’s export-led industrialization. Using new firm-level data, we show that winning a contract sharply raised firms’ exports and entry into global markets.
The policy’s lasting effects reveal a neglected channel through which Cold War geopolitics shaped East Asia’s economic rise
RESEARCH • PUBLISHED • Nathan Lane
I study the impact of industrial policy on industrial development by considering an important episode during the East Asian miracle: South Korea's heavy and chemical industry (HCI) drive, 1973--1979. Based on newly assembled data, I use the introduction and termination of industrial policies to study their impacts during and after the intervention period.
RESEARCH • WORKING PAPER • Réka Juhász, Nathan Lane, Emily Oehlsen, and Verónica C. Pérez
We provide a new, text-based approach to measuring industrial policy at scale and deliver a global data set on industrial policy practice.