The role of the government in industrialization is heavily debated. Some claim that extensive government involvement is … key to initiate a sustainable development process, others see the government as an obstacle to it, pointing to the … successfully promote big-push development. Moreover, we show that extensive government intervention is more likely to be successful …

The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

industrialization in a developing country during the postwar period. Using novel historical firm-level data for South Korea, we provide …’s share of GDP would have been 15 percentage points lower compared to the steady state with successful industrialization. Thus …

industrialization and comparative economic development across the globe. Exploiting exogenous sources of variations in land productivity … contemporary social capital and development. …