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Government Interventions and Productivity Growth

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Author Info
Lee, Jong-Wha

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Abstract

This article investigates the impact of government industrial policy and trade protection of the manufacturing sector in Korea. Empirical results are provided, using four-period panel data for the years 1963 through 1983, for productivity, while industrial policies, such as tax incentives and subsidized credit, were not correlated with total factor productivity growth in the promoted sectors. The evidence thus implies that less government intervention in trade is linked to higher productivity growth. Copyright 1996 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Economic Growth.

Volume (Year): 1 (1996)
Issue (Month): 3 (September)
Pages: 391-414
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Handle: RePEc:kap:jecgro:v:1:y:1996:i:3:p:391-414

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  1. John Fernald & Brent Neiman, 2003. "Measuring productivity growth in Asia: do market imperfections matter?," Working Paper Series WP-03-15, Federal Reserve Bank of Chicago. [Downloadable!]
  2. Ferreira, Pedro Cavalcanti Gomes, 2005. "Sobre a Inexistente Relação entre Política Industrial e Comércio Exterior," Economics Working Papers (Ensaios Economicos da EPGE) 601, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  3. Kim, Hyesung & Heshmati, Almas & Aoun, Dany, 2006. "Dynamics of Capital Structure: The Case of Korean Listed Manufacturing Companies," Ratio Working Papers 93, The Ratio Institute. [Downloadable!]
    Other versions:
  4. Amavilah, Voxi Heinrich, 2007. "The effects of technology-as-knowledge on the economic performance of developing countries: An econometric analysis using annual publications data for Botswana, Namibia, and South Africa, 1976-2004," MPRA Paper 3482, University Library of Munich, Germany. [Downloadable!]
  5. Ramón López, 2007. "Fiscal policies in highly unequal societies: implications for agricultural growth," The Electronic Journal of Agricultural and Development Economics, Food and Agriculture Organization of the United Nations, vol. 4(1), pages 123-145. [Downloadable!]
  6. Marcus Noland & Howard Pack, 2005. "The East Asian Industrial Policy Experience: Implications for the Middle East," Peterson Institute Working Paper Series WP05-14, Peterson Institute for International Economics. [Downloadable!]
  7. Pack, Howard & Saggi, Kamal, 2006. "The case for industrial policy : a critical survey," Policy Research Working Paper Series 3839, The World Bank. [Downloadable!]
  8. Ferreira, Pedro Cavalcanti Gomes & Trejos, Alberto, 2001. "On the Long Run Effects of Barriers to Trade," Economics Working Papers (Ensaios Economicos da EPGE) 436, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  9. Takis Venetoklis, 2000. "Methods applied in evaluating business subsidy programs: A survey," Discussion Papers 236, Government Institute for Economic Research Finland (VATT). [Downloadable!]
  10. Chia-Hung Sun, 2005. "Productivity growth in East Asian manufacturing: a fading miracle or measurement problem?," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(1), pages 1-19. [Downloadable!]
  11. Rossi Junior, José Luiz & Ferreira, Pedro Cavalcanti Gomes, 1999. "Trade Barriers and Productivity Growth: Cross-Industry Evidence," Economics Working Papers (Ensaios Economicos da EPGE) 343, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  12. Rodolfo Cermeño, 2002. "Growth convergence clubs: Evidence from Markov-switching models using panel data," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 D5-3, International Conferences on Panel Data. [Downloadable!]
  13. Ferreira, Pedro Cavalcanti Gomes & Rossi Junior, José Luiz, 2001. "New Evidence on Trade Liberalization and Productivity Growth," Economics Working Papers (Ensaios Economicos da EPGE) 433, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  14. Luigi Cannari & Leandro D'Aurizio & Guido de Blasio, 2006. "The effectiveness of investment subsidies: evidence from survey data," Questioni di Economia e Finanza (Occasional Papers) 4, Bank of Italy, Economic Research Department. [Downloadable!]
  15. Marcus Noland & Howard Pack, 2002. "Industrial Policies and Growth: Lessons from International Experience," Working Papers Central Bank of Chile 169, Central Bank of Chile. [Downloadable!]
  16. Dilli Raj Khanal & Prakash Kumar Shrestha, 2008. "Trade and investment linkages and coordination in Nepal: Impact on productivity and exports and business perceptions," Working Papers 5208, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada.. [Downloadable!]
  17. Harvie, Charles & Lee, Hyun-Hoon, 2002. "New Regionalism in East Asia: How Does It Relate to the East Asian Economic Development Model?," Economics Working Papers wp02-10, School of Economics, University of Wollongong, NSW, Australia. [Downloadable!]
  18. Marcus Noland, 2004. "Selective Intervention and Growth: The Case of Korea," Peterson Institute Working Paper Series WP04-3, Peterson Institute for International Economics. [Downloadable!]
  19. Raffaello Bronzini & Guido De Blasio, 2005. "Evaluating the impact of investment incentives - the case of the Italian Law 488," ERSA conference papers ersa05p649, European Regional Science Association. [Downloadable!]
  20. Arbache, Jorge Saba, 2004. "Do Structural Reforms always Succeed? Lessons from Brazil," Working Papers UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER). [Downloadable!]
  21. Roberto Gabriele & Marco Zamarian & Enrico Zaninotto, 2006. "Assessing the economic impact of public industrial policies: an empirical investigation on subsidies," ROCK Working Papers 039, Department of Computer and Management Sciences, University of Trento, Italy, revised 12 Jun 2008. [Downloadable!]
    Other versions:
  22. Michelle Connolly & Kei-Mu Yi, 2008. "How much of South Korea’s growth miracle can be explained by trade policy?," Working Paper Series 2008-23, Federal Reserve Bank of San Francisco. [Downloadable!]
  23. Robert Z. Lawrence & David E. Weinstein, 1999. "Trade and Growth: Import-Led or Export-Led? Evidence From Japan and Korea," NBER Working Papers 7264, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  24. Yong Jin Kim & Jong-Wha Lee, 1999. "Overinvestment, Collateral Lending, and Economic Crisis," CID Working Papers 4, Center for International Development at Harvard University. [Downloadable!]
    Other versions:
  25. Lopez, Ramon & Islam, Asif, 2008. "When Government Spending Serves the Elites: Consequences for Economic Growth in a Context of Market Imperfections," Working Papers 45875, University of Maryland, Department of Agricultural and Resource Economics. [Downloadable!]
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