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In Fall 2025, I will join UT Austin as an Assistant Professor.
I am an economist at the Federal Reserve Board of Governors. This is a personal website. Any results or conclusions in the research presented on this website are my own and do not necessarily represent the view of the Federal Reserve System.
Contact
Address: Constitution Ave NW & 20th St NW, Washington, DC 20551
E-mail: jaedo.research@gmail.com
Curriculum Vitae CV
Working Papers
New! Did US Multinationals Transfer Too Much Technology to China? (with George Cui, Younghun Shim, Yongseok Shin)
Latest Draft (March 2025)
Superstars or Supervillains? Large Firms in the South Korean Growth Miracle (with Andrei A. Levchenko, Dimitrije Ruzic, Younghun Shim)
Latest Draft (February 2025)
NBER Working Paper 32648 | CEPR Discussion Paper 19207
Coverage: Marginal Revolution, INSEAD Knowledge
Press: Maeil Business Newspaper (in Korean)
Industrialization and the Big Push: Theory and Evidence from South Korea (with Younghun Shim)
Revise and resubmit, Review of Economics and Statistics
Latest Draft (February 2025) (Previous circulated as "Technology Adoption and Late Industrialization")
IMF Working Paper 24/259, STEG Working Paper 033
From Adoption to Innovation: State-Dependent Technology Policy in Developing Countries (with Younghun Shim)
Reject and resubmit, American Economic Review
Latest Draft (March 2024)
IMF Working Paper 24/154, STEG Working Paper 091
Internal Migration Adjustment and Recovery from Large Crises
Latest Draft (June 2024)
Publication
The Long-Term Effects of Industrial Policy (with Andrei A. Levchenko)
Journal of Monetary Economics, 152 (June 2025), 103779
Final Draft (May 2024) | Journal Link | Replication Materials
NBER Working Paper 29263 | CEPR Discussion Paper 16534
A non-technical summary: NBER Digest, VoxEU.org
Press: 2024 Economic Report of the President (p.233)
Lobbying, Trade, and Misallocation
Journal of International Economics, 155 (May 2025), 104086
Final Draft (March 2025) | Journal Link | Older Version (October 2021) | Replication Materials
Sequentially Estimating the Structural Equation by Power Transformation (with Roger H. Moon, Jin Seo Cho)
Econometric Theory, 40 (Feb 2024), 98-161
Final Draft (July 2022) | Journal Link
(Selected) Research in Progress
Social Network in Production Network (with Barthélémy Bonadio)
Google Sites
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