Korea has achieved remarkable economic development since the 1960s, rising within a single generation from one of the poorest countries in the world to one with an affluent economy supported by world-class industries and large production capacities. This successful development of Korea has been...

South Korea has achieved unprecedented economic and social development in history. This country, which had been among the poorest in the world until the early 1960s, became one of the world's leading economies by the mid-1990s as demonstrated by high per-capita income and world-class industries....

The aim of this paper is to analyze how the heterogeneous structure of the European regions has affected their patterns of convergence or divergence. We analyse data collected by Eurostat, from a balanced panel of 191 regions and 55 economic branches over the period 2003-2015. In this way, we...

This paper presents theory and evidence to show that imperialism was a major factor impeding the spread of the industrial revolution during the century ending in the 1950s. Two empirical results stand out. First, analysis of historical evidence shows that most sovereign countries were...

The fundamental phenomenon behind the productive development is the acquisition of productive capacities that involve the handling of new knowledge and technologies. To achieve this aim requires a fortunate combination between an adequate state intervention, an institutional stable environment...

This paper considers the contribution of the developmental state literature to comparative historical analysis, with a particular emphasis on methodological issues: the role of single and comparative case studies, counter-factual analysis, the nature of historical explanation and the...

We construct a new database of spatial relations between industrial firms and development zones using the Application Programming Interface (API) addressing and document the development zones' spillover effect on firms' Total Factor Productivity (TFP). Development zones significantly improve the...

Modern economic development is accompanied by the structural transformation from an agrarian to an industrial economy. Since the 18th century, all countries that industrialized successfully have followed their comparative advantages and leveraged the latecomer advantage, including emerging...

More than five years have elapsed since the onset of the Great Recession and to distress of all those affected by the slowdown, a decisive turning point continues to recede into the future. Growth rates are low in the OECD countries (1.25% in 2012-2013) and increasingly sluggish in the...

Which countries currently have the productive capabilities to thrive in the green economy? How might countries reorient their existing industrial structures to be more competitive in an environmentally friendly world? To investigate these questions, this paper develops a novel methodology for...