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.