Jaedo Choi

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. 

Research Fields:  International Economics, Macroeconomics

Address:  Constitution Ave NW & 20th St NW, Washington, DC 20551

Telephone:  +1 (734) 263-4680


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 

Technology Adoption and Late Industrialization  (with  Younghun Shim)  

Latest Draft  (October 2023) 

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)

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)

Lobbying, Trade, and Misallocation

2nd round revised and resubmitted, Journal of International Economics

Latest Draft  (April 2024)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

Research in Progress

Quid-Pro-Quo: Did US Multinationals Transfer Too Much Technology?  (with George Cui, Younghun Shim, Yongseok Shin)

Social Network in Production Network  (with Barthélémy Bonadio)