PUBLISHED • 2025 • Nathan Lane
Quarterly Journal of Economics
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.
PUBLISHED • 2025 • David Kreitmeir, Nathan Lane, and Paul A. Raschky
Journal of the European Economic Association (Accepted)
Does the human rights spotlight impact multinationals? We evaluate the effect of publicizing human rights violations on firm value, focusing on salient events at the center of international campaigns: the assassination of environmental activists.
PUBLISHED • 2024 • Réka Juhász and Nathan Lane
Journal of Economic Perspectives
We examine the ways in which political realities shape industrial policy through the lens of modern political economy. We argue that government failure is not a necessary feature of industrial policy but is more likely when countries pursue policies beyond their governance capacity constraints.
PUBLISHED • 2023 • Réka Juhász, Nathan Lane, and Dani Rodrik
Annual Review of Economics
We review the recent literature on industrial policy, providing a critical assessment of new theoretical insights and empirical evidence. We argue that new economic research offers a more positive perspective on industrial policy than earlier work, while acknowledging important caveats and limitations.
PUBLISHED • 2020 • Nathan Lane
Journal of Industry, Competition and Trade
A review of how new econometric work is confronting the empirical challenges of studying industrial policy interventions. Through careful research design and attention to institutional detail, emergent studies are rapidly expanding what we know about these policies.
PUBLISHED • 2018 • Melissa Dell, Nathan Lane, and Pablo Querubin
Econometrica
This study examines how the historical state conditions long-run development, using Vietnam as a laboratory.