The Legacy of the HCI: An Empirical Analysis of Korean Industrial Policy
نویسندگان
چکیده
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.
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