Government Interventions and Productivity Growth in Korean ManufacturingIndustries

Jong-Wha Lee

No 5060, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper investigates the impact of government industrial policy and trade protection of the manufacturing sector in Korea. Empirical results are provided, using 4-period panel data for the years 1963-83, for 38 Korean industries in which trade protection reduced growth rates of labor productivity and total factor productivity, while industrial policies, such as tax incentives and subsidized credit, were not correlated with total factor productivity growth in the promoted sectors. The evidence, thus, implies that less government intervention in trade is linked to higher productivity growth.

Date: 1995-03
Note: EFG ITI
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Published as "Government Interventions and Productivity Growth", JEG, Vol. 1, no. 3 (September 1996): 391-414.

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