The New Economics of Industrial Policy

被引:28
作者
Juhasz, Reka [1 ]
Lane, Nathan [2 ]
Rodrik, Dani [3 ]
机构
[1] Univ British Columbia, Vancounver Sch Econ, Vancouver, BC, Canada
[2] Univ Oxford, Dept Econ, Oxford, England
[3] Harvard Univ, John F Kennedy Sch Govt, Cambridge, MA 02138 USA
关键词
industrial policy; place-based policies; EMPIRICAL-TEST; GROWTH; TRADE; PROTECTION; LESSONS; JAPAN;
D O I
10.1146/annurev-economics-081023-024638
中图分类号
F [经济];
学科分类号
02 ;
摘要
We discuss the considerable literature that has developed in recent yearsproviding rigorous evidence on how industrial policies work. This litera-ture is a significant improvement over the earlier generation of empiricalwork, which was largely correlational and marred by interpretational prob-lems. On the whole, the recent crop of papers offers a more positive takeon industrial policy. We review the standard rationales and critiques of in-dustrial policy and provide a broad overview of new empirical approachesto measurement. We discuss how the recent literature, paying close atten-tion to measurement, causal inference, and economic structure, is offeringa nuanced and contextual understanding of the effects of industrial policy.We re-evaluate the East Asian experience with industrial policy in light ofrecent results. Finally, we conclude by reviewing how industrial policy is be-ing reshaped by a new understanding of governance, a richer set of policyinstruments beyond subsidies, and the reality of deindustrialization.
引用
收藏
页码:213 / 242
页数:30
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