Jaedo Choi

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-mailjaedo.research@gmail.com


Curriculum Vitae   CV 

Working Papers

Superstars or Supervillains? Large Firms in the South Korean Growth Miracle  (with  Andrei A. LevchenkoDimitrije RuzicYounghun Shim)  

Latest Draft  (June 2024) 

NBER Working Paper 32648 | CEPR Discussion Paper 19207

Coverage:  Marginal Revolution, INSEAD Knowledge 

PressMaeil Business Newspaper (in Korean) 


Industrialization and the Big Push: Theory and Evidence from South Korea  (with  Younghun Shim)  

Latest Draft  (February 2025) (Previous circulated as "Technology Adoption and Late Industrialization")

IMF Working Paper 24/259STEG 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


The Long-Term Effects of Industrial Policy  (with  Andrei A. Levchenko)

Latest Draft  (May 2024)

NBER Working Paper 29263  CEPR Discussion Paper 16534

A non-technical summary:  NBER Digest,  VoxEU.org

Press2024 Economic Report of the President (p.233)


Internal Migration Adjustment and Recovery from Large Crises

Latest Draft  (June 2024)

Publication

Lobbying, Trade, and Misallocation

Accepted, Journal of International Economics

Latest Draft  (January 2025),  Older Version (October 2021)


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

Did US Multinationals Transfer Too Much Technology to China?  (with George Cui, Younghun Shim, Yongseok Shin

Preliminary draft available upon request

Social Network in Production Network  (with Barthélémy Bonadio)