IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/124863.html
   My bibliography  Save this paper

Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea

Author

Listed:
  • Lane, Nathan

Abstract

I study the impact of industrial policy on industrial development by consid- ering 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. (1) I reveal that the heavy-chemical industrial policies promoted the expansion and dynamic comparative advantage of directly targeted industries. (2) Using variation in exposure to policies through the input-output network, I demonstrate that policy indirectly benefited down- stream users of targeted intermediates. (3) The benefits of HCI persisted even after it ended, some of which took time to manifest. These findings suggest that the temporary drive shifted Korean manufacturing into more advanced markets and supported durable change. This study helps clarify the lessons drawn from the East Asian growth miracle

Suggested Citation

  • Lane, Nathan, 2016. "Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea," MPRA Paper 124863, University Library of Munich, Germany, revised 30 Sep 2024.
    • Handle: RePEc:pra:mprapa:124863
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/124863/8/MPRA_paper_124863.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    ndustrial policy; East Asian miracle; economic history; industrial development; Heavy-Chemical Industry Drive; Heavy and Chemical Industry Drive;
    All these keywords.

    JEL classification:

    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • N6 - Economic History - - Manufacturing and Construction
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:124863. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.