Industrial Policy: A Dying Breed or A Re-emerging Phoenix

Aiginger, Karl

doi:10.1007/s10842-007-0025-7

Cited by 94 publications

(63 citation statements)

References 33 publications

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“…We would argue that Aiginger (2007) in his special issue on the future of industrial policy follows a similar line to the "holistic" definition of industrial policy put forward in the current paper when he outlines that "The upcoming new approach to industrial policy all hints at a more systemic industrial policy, forward looking and emphasizing the synergies with other policy areas, but also fine-tuning to specific needs, comparative advantages and future technologies" (p. 143).…”

Section: Smes In Ireland and In African Countriesmentioning

confidence: 67%

Lessons for African Economies from Irish and East Asian Industrial Policy

2009

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When comparisons in terms of industrial policy lessons to be learned have taken place, it has tended to be solely vis-a-vis the "development state" East Asian experience. This paper broadens the analysis and considers lessons which African countries can learn from other so-called "tiger" economies including Ireland and the East and South Asian countries. We recognise that the latter are indeed clearly significant as many African countries at the time of independence had economic structures and levels of income quite similar to East Asian countries, yet have grown at vastly different rates since then. Exploring why this has been the case can thus offer important insights into possibilities for industrial policy. Yet this comes with some health warnings over East Asian experience. We suggest that another important contribution can come by looking at the Irish example, given its emphasis on corporatism rather than simply relying on state direction in the operation of industrial policy. The Irish model is also more democratic in some senses and has protected workers" rights during the development process in contrast to the often highly dirigisite East Asian model. Overall we suggest that some immediate actions are needed, notably with regard to the financial system in small African economies. Without such changes, a poorly functioning financial system will continue to keep investment at low levels. In relation to the small size of the African economies, the paper recommends regional integration and sufficient overseas development assistance (ODA) for infrastructural development. It is also critical to note that the various small African economies each face their own industrial and economic development challenges, and that a "one size fits all" approach is not appropriate; rather the key is to tailor policies and systems to the unique opportunities and development challenges in each African country.

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Section: Smes In Ireland and In African Countriesmentioning

confidence: 67%

Lessons for African Economies from Irish and East Asian Industrial Policy

2009

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“…It was a reaction to the first signals of China's growing economic power. Today, low growth and high unemployment stand as the main reasons for the renewed interest in industrial policy, particularly in the EU [3]. Also, a more proactive policy approach as compared to the horizontal industrial policy is needed.…”

Section: Is the Match Between The Two Approaches Actually Possible?mentioning

confidence: 99%

“…The new industrial policy supports basic education, training and entrepreneurship in developing countries, promotes the FDI and exports in catching-up economies and merges with innovation strategies, cluster policy and dynamic competitiveness in high-income countries. The new industrial policy goes beyond market failures in terms of [33], it builds on economic laws, comparative and competitive advantage and changing specialization patterns [3]. Also, shifting of the labor focus from import-substitution to export expansion, through lifetime learning, is becoming an essential part of industrial policy [3], [30], [35].…”

Section: Industrial Policy's Big Comebackmentioning

confidence: 99%

“…The third part discusses obstacles and possibilities to learn from past failures and to pave the way toward the new approach. The fourth part deals with contemporary industrial policy discourse dedicated to attaining the best possible combination and synergy between positive aspects of different approaches from the past, marked as "the big comeback" [3]. The fifth part represents the industrial policy set of measures for Serbia, based on the key industries symbolizing the real fulcrums of sustainable growth in the future.…”

Section: Introductionmentioning

confidence: 99%

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Industrial policy for Serbia: A matrix approach

Vuksanovic¹

2017

Ekonomika preduzeca

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“…Given the recent resurgence of interest in industrial policy across many developed countries (Aghion et al, 2013;Aiginger, 2007;Block and Keller, 2011;Harrison and Rodríguez-Clare, 2009;Mazzucato, 2011; Rodrik, 2004), there is now substantial policy interest in developing stronger, more 'competitive' digital economies. For example, the UK's new industrial strategy agenda (Cable, 2012) Real-world features of an industry tend to evolve ahead of any given industrial typology.…”

Section: / Introductionmentioning

confidence: 99%

Mapping digital businesses with big data: Some early findings from the UK

Nathan

Rosso

2015

Research Policy

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[144 words]Governments around the world want to develop their ICT industries. Researchers and policymakers thus need a clear picture of digital businesses, but conventional datasets and typologies tend to lag real-world change. We use innovative 'big data' resources to perform an alternative analysis for all active companies in the UK, focusing on ICT-producing firms. Exploiting a combination of observed and modelled variables, we develop a novel 'sector-product' approach and use text mining to provide further detail on key sector-product cells. We find that the ICT production space is around 42% larger than SIC-based estimates, with around 70,000 more companies. We also find ICT employment shares over double the conventional estimates, although this result is more speculative. Our findings are robust to various scope, selection and sample construction challenges. We use our experiences to reflect on the broader pros and cons of frontier data use. JEL 1/ IntroductionThis paper uses novel 'big data' sources to expand our understanding of digital businesses in the UK. We produce alternative counts of ICT-producing firms and set out key descriptive characteristics. We then draw on this experience to critically reflect on some of the opportunities and challenges presented by big data tools and analytics for economic research and policymaking.Information and Communications Technologies (ICTs) -and the 'digital economy' they support -are of enduring interest to researchers and policymakers. Digital sectors and firms are the subject of much analysis both at the organisational level (Bloom et al., 2012;Bresnahan et al., 2002) and in the growth field. Human capital and innovation shape long term economic development (Lucas, 1988; Romer, 1990); high value-added sectors such as ICT make direct contributions to national growth, as well as indirect contributions through spillovers and supply chains (Audretsch and Feldman, 1996;Moretti, 2012).National and local government are thus keen to exploit the growth potential of digital businesses. Given the recent resurgence of interest in industrial policy across many developed countries (Aghion et al., 2013;Aiginger, 2007;Block and Keller, 2011;Harrison and Rodríguez-Clare, 2009;Mazzucato, 2011; Rodrik, 2004), there is now substantial policy interest in developing stronger, more 'competitive' digital economies. For example, the UK's new industrial strategy agenda (Cable, 2012) Real-world features of an industry tend to evolve ahead of any given industrial typology. For researchers, these data challenges present particular barriers to understanding the extent and nature of ICT production, where the pace of change can be very rapid. Data coverage is often imperfect, industry typologies can lack detail, and product categories do not closely align with sector categories. For policymakers, these information gaps feed through into policy gaps, which can limit the ability to design effective interventions. 3To tackle these issues we use an innovative commercial dataset develope...

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Industrial Policy: A Dying Breed or A Re-emerging Phoenix

Abstract: industrial policy, competitiveness, innovation strategy, dynamic market failures, D78, L16, L52, N60, O25, O38,

Cited by 94 publications

References 33 publications

Lessons for African Economies from Irish and East Asian Industrial Policy

Lessons for African Economies from Irish and East Asian Industrial Policy

Industrial policy for Serbia: A matrix approach

Mapping digital businesses with big data: Some early findings from the UK

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