"Export-oriented industrialization has transformed the Korean economy so profoundly that it has become known as the "Miracle on the Han". Yet, this industrial model has become fragile, as Korea's chaebols are increasingly challenged by Chinese competitors. Attempts to seek out new engines of...

This paper studies a place-based industrial policy (PBIP) aiming to establish industrial clusters in Italy in the 1960s-70s. Combining historical archives spanning one century with administrative data and leveraging exogenous variation in government intervention, we investigate both the...