Are industrial policy instruments effective?: A review of the evidence in OECD countries
While the case for industrial policy is gaining traction across OECD countries, little consensus exists on the effectiveness of such interventions. Building on a new analytical framework for industrial policy developed in a companion paper, this paper reviews the empirical literature on the effectiv...
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2022
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| Schriftenreihe: | OECD Science, Technology and Industry Policy Papers
no.128 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | While the case for industrial policy is gaining traction across OECD countries, little consensus exists on the effectiveness of such interventions. Building on a new analytical framework for industrial policy developed in a companion paper, this paper reviews the empirical literature on the effectiveness of industrial policy instruments, laying out the knowns and unknowns. Overall, it strongly supports the premise that well-designed economic incentives for firms and good framework conditions shaping the business environment are effective. At the same time, it emphasises the limited and inconclusive nature of the evidence regarding the increasingly frequent targeted and demand-side instruments. Finally, it underlines the complementarities between economic incentives and other interventions such as skill policies or framework conditions, notably competition and trade policies. Framework conditions are indeed key in enabling the most productive firms to grow and an important channel for structural change. |
| Beschreibung: | 1 Online-Ressource (56 p.) 21 x 28cm. |
| DOI: | 10.1787/57b3dae2-en |
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| spelling | Criscuolo, Chiara VerfasserIn aut Are industrial policy instruments effective? A review of the evidence in OECD countries Chiara, Criscuolo ... [et al] Paris OECD Publishing 2022 1 Online-Ressource (56 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Science, Technology and Industry Policy Papers no.128 While the case for industrial policy is gaining traction across OECD countries, little consensus exists on the effectiveness of such interventions. Building on a new analytical framework for industrial policy developed in a companion paper, this paper reviews the empirical literature on the effectiveness of industrial policy instruments, laying out the knowns and unknowns. Overall, it strongly supports the premise that well-designed economic incentives for firms and good framework conditions shaping the business environment are effective. At the same time, it emphasises the limited and inconclusive nature of the evidence regarding the increasingly frequent targeted and demand-side instruments. Finally, it underlines the complementarities between economic incentives and other interventions such as skill policies or framework conditions, notably competition and trade policies. Framework conditions are indeed key in enabling the most productive firms to grow and an important channel for structural change. Science and Technology Gonne, Nicolas MitwirkendeR ctb Kitazawa, Kohei MitwirkendeR ctb Lalanne, Guy MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/57b3dae2-en Volltext |
| spellingShingle | Criscuolo, Chiara Are industrial policy instruments effective? A review of the evidence in OECD countries Science and Technology |
| title | Are industrial policy instruments effective? A review of the evidence in OECD countries |
| title_auth | Are industrial policy instruments effective? A review of the evidence in OECD countries |
| title_exact_search | Are industrial policy instruments effective? A review of the evidence in OECD countries |
| title_full | Are industrial policy instruments effective? A review of the evidence in OECD countries Chiara, Criscuolo ... [et al] |
| title_fullStr | Are industrial policy instruments effective? A review of the evidence in OECD countries Chiara, Criscuolo ... [et al] |
| title_full_unstemmed | Are industrial policy instruments effective? A review of the evidence in OECD countries Chiara, Criscuolo ... [et al] |
| title_short | Are industrial policy instruments effective? |
| title_sort | are industrial policy instruments effective a review of the evidence in oecd countries |
| title_sub | A review of the evidence in OECD countries |
| topic | Science and Technology |
| topic_facet | Science and Technology |
| url | https://doi.org/10.1787/57b3dae2-en |
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