Domestic industrialization under colonization: evidence from Korea, 1932–1940

Do domestic firms benefit from direct foreign investment? Evidence from Venezuela

Yutaka Arimoto and Changmin Lee

European Review of Economic History, 2021, vol. 25, issue 2, 379-403

Abstract: This paper examines whether the influx of Japanese establishments in colonial Korea during the 1930s suppressed the entry of Korean establishments. We construct new subsector–county-level panel data to exploit variations across counties within subsectors. We find that Korean entry rates were higher in counties with a higher presence of Japanese establishments. However, the spillover effects do vary across subsectors, and we find suggestive evidence of negative impacts of Japanese presence in subsectors with more large-scaled establishments. Taken together, Japanese establishments did seem to raise entry barriers in some subsectors but also functioned as a catalyst for Korean entry in other subsectors.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ereveh:v:25:y:2021:i:2:p:379-403.

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