Government Interventions and Productivity Growth in Korean ManufacturingIndustries
AbstractThis paper investigates the impact of government industrial policy and trade protection of the manufacturing sector in Korea. Empirical results are provided, using 4-period panel data for the years 1963-83, for 38 Korean industries in which trade protection reduced growth rates of labor productivity and total factor 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.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 5060.
Date of creation: Mar 1995
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Publication status: Published as "Government Interventions and Productivity Growth", JEG, Vol. 1, no. 3 (September 1996): 391-414.
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