Matches in Harvard for { <http://id.lib.harvard.edu/aleph/007870320/catalog> ?p ?o. }
Showing items 1 to 18 of
18
with 100 items per page.
- catalog abstract "For ten years now, China has attempted to develop its automotive industry through an industrial policy approach closely modeled on that of the Korean government in the 1970s. While the growth of the automotive industry has been impressive, the government's consolidation attempt has been a failure. The size of the Chinese firm is small in a sector with well known scale economies and even the largest firm operates far below minimum efficient scale. This article analyzes the reasons why government in Korea could enforce EOS-enhancing policies in the 1970s and 1980s while the Chinese government, with similar policies, has not been able to do so. The argument is that the success of automotive industrial policy (AIP) requires two necessary components. One is to overcome a coordination failure on the part of the firms to invest at less than a socially optimal level. This is the familiar form of market failure and is known as Coordination Failure 1 (CF1) in this article. The other is to overcome a coordination failure on the part of the firms to invest excessively. This is known as Coordination Failure 2 (CF2). CF2 is more costly to overcome than CF1 in institutional terms -- China's divided and decentralized bureaucratic arrangements have made it difficult for government to overcome CF2.".
- catalog contributor b10898110.
- catalog contributor b10898111.
- catalog created "c1998.".
- catalog date "1998".
- catalog date "c1998.".
- catalog dateCopyrighted "c1998.".
- catalog description "For ten years now, China has attempted to develop its automotive industry through an industrial policy approach closely modeled on that of the Korean government in the 1970s. While the growth of the automotive industry has been impressive, the government's consolidation attempt has been a failure. The size of the Chinese firm is small in a sector with well known scale economies and even the largest firm operates far below minimum efficient scale. This article analyzes the reasons why government in Korea could enforce EOS-enhancing policies in the 1970s and 1980s while the Chinese government, with similar policies, has not been able to do so. The argument is that the success of automotive industrial policy (AIP) requires two necessary components. One is to overcome a coordination failure on the part of the firms to invest at less than a socially optimal level. This is the familiar form of market failure and is known as Coordination Failure 1 (CF1) in this article. The other is to overcome a coordination failure on the part of the firms to invest excessively. This is known as Coordination Failure 2 (CF2). CF2 is more costly to overcome than CF1 in institutional terms -- China's divided and decentralized bureaucratic arrangements have made it difficult for government to overcome CF2.".
- catalog description "Includes bibliographical references (p. 37-40).".
- catalog extent "40 p. :".
- catalog isPartOf "Working paper (Harvard University. Graduate School of Business Administration. Division of Research) ; 98-099.".
- catalog isPartOf "Working paper / Division of Research, Harvard Business School ; 98-099".
- catalog issued "1998".
- catalog issued "c1998.".
- catalog language "eng".
- catalog publisher "[Boston] : Division of Research, Harvard Business School,".
- catalog title "Between two coordination failures : automotive industrial policy in China and Korea / Yasheng Huang.".
- catalog type "text".