In principle, firms in developing countries benefit from the fact that advanced technologies
and products have already been developed in industrialized countries and can simply be …

Many developing economies adopt industrial policies favoring selected sectors. Is there an
economic logic to this type of intervention? I analyze industrial policy when economic …

Almost all firms in developing countries have fewer than ten workers, with a modal size of
one. Are there potential high-growth entrepreneurs, and can public policy help identify them …

We show that foreign capital liberalization reduces capital misallocation and increases
aggregate productivity for affected industries in India. The staggered liberalization of access …

Industrial policy has been used throughout history in some form or other by most countries.
Yet, it remains one of the most contentious issues among policy makers and economists …

Are Chinese government subsidies making the targeted Chinese firms more productive?
Alternatively, are efforts to promote productivity undercut by efforts to maintain or expand …

I study the impact of industrial policy on industrial development by considering a canonical
intervention. Following a political crisis, South Korea dramatically altered its development …

This paper provides causal evidence on the impact of a large-scale industrial policy–South
Korea's Heavy and Chemical Industry (HCI) Drive–on firms' long-term performance and …

We provide evidence that a weak banking sector has contributed to low productivity growth
following the European sovereign debt crisis. An unexpected increase in capital …

This paper tests whether demand shocks affect firm dynamics. We examine whether firms
that win government procurement contracts grow more compared to firms that compete for …