Dang, Alicia H.; Samaniego, Roberto M. - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-42
An issue with estimating the impact of industrial support is that the firms that receive support may be politically … proxies for political connectedness to correct this bias, we find that firms that receive industrial support in the form of … transition and developing countries, in better targeting their industrial policy to facilitate higher productivity growth. …