Plausibly Exogenous [613] - Industrial Policy (09/22/2021)
LHS Variable
Firms' long-term performance
RHS Variable
Industrial policy
Source of Exogenous Variation
Heavy and Chemical Industry (HCI) Drive in South Korea between 1973 and 1979, which (1) was suddenly initiated and suddenly ended, and (2) pronounced regional variation since the policy targeted the southeastern part of the country and developed industrial complexes in these regions
- Choi and Levchenko (2021), “The Long-Term Effects of Industrial Policy”