Industrial policy and manufacturing targeting in the US: new methodological tools for strategic policy-making

Tommaso, Marco R. Di; Tassinari, Mattia; Bonnini, Stefano; Marozzi, Marco

doi:10.1080/02692171.2017.1303036

Cited by 22 publications

(21 citation statements)

References 86 publications

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“…A composite indicator is particularly useful for our analysis, since we need to measure the trend in the industrial performance of sectors and this is, without a doubt, a complex phenomenon which is difficult to quantify (for a review of similar applications of composite indicators see, in particular, [ 42 , 71 , 93 , 94 ]). As explained in Section 2 , in fact, the restructuring of the sector can only be fully understood together with the notion of strategic industries for the Chinese economy.…”

Section: Methodsmentioning

confidence: 99%

“…Statistically, a requisite for the choice of the variables is that they have an adequate degree of correlation. Variables must neither be negatively correlated nor have an excessive degree of correlation [ 42 , 71 ]. Indeed, a negative correlation between the variables would imply that different variables are inconsistent in describing the same phenomenon (i.e., industrial performance), distorting the analysis.…”

Section: Methodsmentioning

confidence: 99%

“…Coming to the specific effects of M&As on industrial performance, we start by broadly defining industrial performance as the ability of an industry to generate value added in a competitive context [ 41 ], a characteristic which is also typically considered as one dimension of industrial competitiveness. The literature on industrial competitiveness is vast and it is beyond the scope of this paper to review it (for a review of the concept of sectors’ competitiveness see among others [ 42 ]). Here we recall that in the early 1990s a number of studies already suggested that corporate strategic action, including diversification, mergers and acquisitions, investment into human resources and corporate culture determine industrial performance and competitiveness.…”

Section: Literature Backgroundmentioning

confidence: 99%

See 2 more Smart Citations

Restructuring the Production of Medicines: An Investigation on the Pharmaceutical Sector in China and the Role of Mergers and Acquisitions

Barbieri

Huang

Pi³

et al. 2017

IJERPH

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In places like China, an ageing population coupled with changes in living standards and increases in disposable income, imply a shift of the demand for health-related goods and services which is likely to affect the whole organization of the industries that supply such goods and services at the global level. One of the industries most likely to be affected is the pharmaceutical sector. In the early 2000s China was already the second largest global producer of pharmaceutical ingredients. The pharmaceutical sector has become one of the most important industries promoted by the Chinese government and Five-Year Plan of China’s Strategic Emerging Sectors, mergers and acquisition (M&A) activity has been the key strategy to restructure the sector and increase its competitiveness. This paper firstly provides an updated picture of the evolution of M&As in the pharmaceutical sector, compared to other sectors, in China in the period 2005–2013. Secondly, we develop a composite indicator to measure the industrial performance of all Chinese industrial sectors over time, which allows us to assess the performance of the pharmaceutical industry compared to that of other sectors of the Chinese economy. Finally, we develop and estimate an empirical model that tests the relationship between the number of M&A in a sector and its performance, with a particular focus on the pharmaceutical case. The results offer some initial evidence of positive effects from the process of restructuring of the pharmaceutical sector in China.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Literature Backgroundmentioning

confidence: 99%

See 1 more Smart Citation

Restructuring the Production of Medicines: An Investigation on the Pharmaceutical Sector in China and the Role of Mergers and Acquisitions

Barbieri

Huang

Pi³

et al. 2017

IJERPH

Self Cite

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“…Moreover, the final decision concerning goals, targets and tools to be adopted to improve business environment conditions should be based on the consideration of a plurality of perspectives, where the perceptions expressed by the enterprises (though important) constitute just one of the building blocks of the analysis. In fact, public policy risks responding to particular interests and opening up non-virtuous spaces for rent-seeking activities that can even degenerate into dynamics of corruption and clientelism (Barbieri et al., 2019; Di Tommaso et al., 2017; Tassinari et al., 2019). For this reason, great attention must be paid to the mechanisms for defining public intervention and for assessing the heterogeneity of the interests that are at stake (Barbieri et al., 2020; Di Tommaso and Schweitzer, 2013; Tassinari, 2019; Di Tommaso et al, 2020a, 2020b).…”

Section: Discussionmentioning

confidence: 99%

Institutional and economic transition in Vietnam: Analysing the heterogeneity in firms’ perceptions of business environment constraints

Angelino

Tassinari

Barbieri

et al. 2020

Competition & Change

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Vietnam has experienced a gradual process of institutional transition combined with rapid economic growth since the Doi Moi reform in 1986. In recent years, the government has recognized the need to implement reforms to foster the development of favourable business environment conditions. In this scenario, however, the government seems to assume a uniform demand for business environment reforms, ignoring possible divergences in the constraints faced by different actors of the system. The aim of this paper is to analyse the heterogeneity in firms’ perceptions of business environment constraints. Adopting discrete choice models on firm-level data and subjective assessments on business environment obstacles, we differentiate the nature and severity of firms’ obstacles according to different characteristics of the enterprises, including the firm size, territorial localization and levels of performance and competitiveness. The study is useful as an informative base for defining public interventions calibrated on the different categories and needs of Vietnamese enterprises.

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“…Since the marketization degree in China is not very high, and the government plays a great role in the economy, we think that government intervention is another important factor that can affect industry structure in China. Some researchers proposed that in early stage of economic development, industrial policies may accelerate the industrial structural change and improve resource allocation [28,29]. It is also found that the industrial policy can enhance competition among enterprises and promote the growth of enterprises [30].…”

Section: Introductionmentioning

confidence: 99%

Government Intervention and Automobile Industry Structure: Theory and Evidence from China

2019

Sustainability

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The development of the automobile maintenance industry less developed to satisfy the increasing demand for automobile maintenance service as the automobile manufacturing industry increased rapidly in China. This is not conducive to the sustainable development of the automobile industry. Besides the factors of market behavior that can affect the automobile industry structure, like an investment, operation structure or economic development stage, the structure is also influenced by government intervention. We investigated the unbalanced development of automobile structure from the perspective of government incentives, and provide a logical framework for analyzing the industrial policies on the automobile industry. We first established a two-sector theoretical model with government intervention, and we found that the governments’ GDP incentive induced the biased intervention policy. More preferential policies are given to enterprises of automobile manufacturing industries as they contribute more to intermediate goods and capital. The greater the government’s GDP incentive, the more biased the intervention will be. Then we test the differential impact of GDP incentive on tax avoidance of the two kinds of firms empirically. The empirical results show that GDP incentive of the government induced more preferential treatment to automobile manufacturing enterprises, and thus, increased their tax avoidance. This phenomenon is more significant in SOEs, larger firms and firms belong to local governments. Understanding the incentive and implementation of industrial policy can help us know the evolution of automobile industrial structure better, and then improve industrial policy better to promote the transformation and upgrading of automobile industrial structure.

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Industrial policy and manufacturing targeting in the US: new methodological tools for strategic policy-making

Cited by 22 publications

References 86 publications

Restructuring the Production of Medicines: An Investigation on the Pharmaceutical Sector in China and the Role of Mergers and Acquisitions

Restructuring the Production of Medicines: An Investigation on the Pharmaceutical Sector in China and the Role of Mergers and Acquisitions

Institutional and economic transition in Vietnam: Analysing the heterogeneity in firms’ perceptions of business environment constraints

Government Intervention and Automobile Industry Structure: Theory and Evidence from China

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