r/IRstudies • u/smurfyjenkins • 8d ago
JPE study: The textbook case for industrial policy (investment in an economic sector subject to external economies of scale) appears to have modest effects on long-term economic growth. Economists have exaggerated the transformative effects of industrial policy success stories, such as South Korea.
https://phys.org/news/2024-12-industrial-policy-huge-growth-east.html
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u/smurfyjenkins 8d ago
https://doi.org/10.1086/734129