The Korean government promoted heavy and chemical industries between 1973 and 1979, and there has been a long-standing debate on its effectiveness. Analyzing newly digitized plant-level data, we find that the drive of 1973 did increase output but did not increase productivity of targeted industries, because resource misallocation within the targeted industries worsened.
• Munseob Lee, Assistant Professor, UC San Diego School of Global Policy and Strategy (Presenter)
• Changkeun Lee, Assistant Professor, KDI School of Public Policy and Management (Discussant)
• Stephan Haggard, Lawrence and Sallye Krause Professor of Korea-Pacific Studies, UC San Diego School of Global Policy and Strategy (Moderator)
This joint webinar series between Seoul National University and University of California San Diego is designed to be a forum for discussion of new research and major policy issues in Korea. We hope that you will join us. This series has received generous support from the Korea Foundation and the National Research Foundation of Korea (NRF-2020S1A3A2A02104190).