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Empirical Model and Data
Empirical Implementation for Koreas Manufacturing 19731990
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ADF test average cost Basic Metal benefits of LBD chemical industry group Chemical Industry Promotion Cobb-Douglas cointegration comparative advantage Corden cost function cumulative output Diff Durbin-Watson statistics dynamic equation estimates of LBDE external economies Fabricated Metal firms government intervention gross output HCIs group HCIs policy heavy chemical industry Hicks-neutral individual industries Industry Promotion Policy infant industry argument input prices integrated to order inter-industry spillovers internal Korea's government Korea's manufacturing sector Krueger and Tuncer KSIC KSIC3 labor training LBD spillovers learning economies light industries linear combination natural logarithm NHCIs non-stationary variables output per unit percent significance level price of capital production cost production function protection q and w/r ratio real value-added regression residuals regression variables rental price returns to scale satisfy stationarity spillovers of LBD spurious regression static scale economy technological progress total factor productivity trade policy unit of input unit-root test