China does not pick – or create – winners when giving subsidies to firms What is the relationship between the allocation of government subsidies and total productivity for Chinese listed firms? Firms Lee Branstetter Guangwei Li Mengjia Ren Published 29.08.23
Creative destruction and catch-up growth in India Selectively supporting transformative firms is a viable strategy to promote growth where there is less creative destruction Firms Michael Peters Fabrizio Zilibotti Published 27.01.23
The plant-level view of an industrial policy: The Korean heavy industry drive of 1973 Korea’s promotion of heavy and chemical industries would have been more successful if it had not come with a rise in concentration and misallocation Firms Minho Kim Munseob Lee Yongseok Shin Published 25.10.21
Industrial policies in production networks The industrial sectors a government chooses to support are critical to development by inducing ripple effects on production networks at large Firms Ernest Liu Published 04.09.19
The (unintended) effects of China’s 2004 tax reform Firms used VAT savings from China’s tax reform to invest in machinery as intended, but the reform reduced firm productivity, exports and employment Public Economics Jing Cai Ann Harrison Published 23.01.19
Where are we in the economics of industrial policies? Research on industrial policy has taken off, leading to a better understanding of when such policies effectively harness economic development Public Economics Dani Rodrik Published 21.01.19
Manufacturing revolutions: The role of industrial policy in South Korea’s industrialisation South Korea’s industrial policy in the late 1970s played a critical role in forging its modern economy. Are there lessons for the developing world? Firms Nathan Lane Published 11.12.17
The implication of firm competition on industrial policies Small firms that receive subsidies in India grow more quickly than their competitors. But is it a zero-sum game? Firms Martin Rotemberg Published 06.10.17
