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The legacy of the HCI : An empirical analysis of Korean industrial policy

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  • The legacy of the HCI
  • Galbraith, James K.; Kim, Junmo
  • Chung-Ang University


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Title The legacy of the HCI
Similar Titles
Sub Title

An empirical analysis of Korean industrial policy

Material Type Articles
Author(English)

Galbraith, James K.; Kim, Junmo

Publisher

[Seoul]:Chung-Ang University

Date 1998-06
Journal Title; Vol./Issue Journal of Economic Development:vol. 23(no. 1)
Pages 20
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Administration
Holding Chung-Ang University

Abstract

While much has been written on the successes and failures of industrial policies, systematic evaluation of their effects remains difficult. This paper presents an approach based on a combination of cluster and discriminant analysis, applied to time-series of the rate of change of average wages by industry. We apply this approach to a Korean data set that may be one of the most comprehensive national archives of industrial and occupational wage data in the world. Our approach permits quantitative assessment of the legacy of Korean industrial policy, and helps to show how Korean development has depended both on government and the market.