The East Asian Miracle: Did Industrial Policy Transformed Growth Trajectories

The role of active industrial policy in transforming economic growth trajectories has attracted advocates from the both sides of the literature. Some emphasize the importance of industrial policies in the East Asian growth miracle, while others argue for the occurrence of the growth miracle despite industrial policies. I plan to take a more panoramic view of this issue by comparing the effects of industrial policies across East Asian countries using staggered difference-in-differences and counterfactual methods.