Industrial policy choice during the crisis era
Journal
Oxford Review of Economic Policy
ISSN
0266-903X
ISSN-Digital
1460-2121
Type
journal article
Date Issued
2012
Author(s)
Abstract
Using an extensive database of non-macroeconomic state interventions implemented since the global economic crisis began, this paper provides quantitative evidence on the resort to selectivity by several major economic powers. The propensity to promote certain sectors, certain firms within sectors, and domestic over commercial interests is contrasted across jurisdictions. At least one prominent contention in the industrial policy literature is not borne out in the data, and certain cross-country and cross-sectoral variations found here could benefit from further analysis. A crisis-era shift towards selectivity and away from the ‘level playing field’ can be detected in the major trading nations.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Oxford University Press
Publisher place
Oxford
Volume
28
Number
2
Start page
261
End page
283
Pages
23
Subject(s)
Eprints ID
234986