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Industrial Policy: Recipes or Institutions?

Author

Listed:
  • Polterovich, V.

    (CEMI RAS, Moscow, Russia
    Moscow School of Economics, Lomonosov Moscow State University, Moscow, Russia)

Abstract
The realization of investments into the long-run growth rate of GDP requires the institutions of industrial policy, which would ensure search and implementation of its effective recipes. Such institutions and recipes are discussed in the article. Principles of effective governance for non-removable authority are formulated, which follow from the Chalmers Johnson's theory of developmental state.

Suggested Citation

  • Polterovich, V., 2014. "Industrial Policy: Recipes or Institutions?," Journal of the New Economic Association, New Economic Association, vol. 22(2), pages 190-195.
    • Handle: RePEc:nea:journl:y:2014:i:22:p:190-195
    as

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    File URL: http://www.econorus.org/repec/journl/2014-22-190-195r.pdf
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    References listed on IDEAS

    as
    1. Joseph E. Stiglitz & Justin Yifu Lin (ed.), 2013. "The Industrial Policy Revolution I," International Economic Association Series, Palgrave Macmillan, number 978-1-137-33517-3, December.
    2. Gnidchenko, A., 2014. "Improving the Methods for Estimating the Structure and the Basis of Export Potential through Export Diversification," Journal of the New Economic Association, New Economic Association, vol. 21(1), pages 83-109.
    3. Cho, Dong Sung & Lee, Dong Hyun & Ryu, Si Jin & Cho, Dae Whan & Kim, Dong Jae, 1996. "A Comparative Study of Korean and Japanese Industrial Policies Through Content Analysis of Official Documents," Hitotsubashi Journal of commerce and management, Hitotsubashi University, vol. 31(1), pages 59-74, October.
    4. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    5. Polterovich, Victor & Popov, Vladimir, 2006. "Эволюционная Теория Экономической Политики: Часть I: Опыт Быстрого Развития [An Evolutionary Theory of Economic Policy: Part I: The Experience of Fast Development]," MPRA Paper 22168, University Library of Munich, Germany.
    6. Justin Yifu Lin & Célestin Monga, 2013. "Comparative Advantage: The Silver Bullet of Industrial Policy," International Economic Association Series, in: Joseph E. Stiglitz & Justin Yifu Lin (ed.), The Industrial Policy Revolution I, chapter 1, pages 19-38, Palgrave Macmillan.
    7. Popov, V., 2014. "Industrial Policy - How to Choose Industries that Should Be Supported," Journal of the New Economic Association, New Economic Association, vol. 22(2), pages 186-190.
    8. Joseph E. Stiglitz & Justin Yifu Lin & Célestin Monga, 2013. "Introduction: The Rejuvenation of Industrial Policy," International Economic Association Series, in: Joseph E. Stiglitz & Justin Yifu Lin (ed.), The Industrial Policy Revolution I, pages 1-15, Palgrave Macmillan.
    9. V. Polterovich & V. Popov., 2006. "An Evolutionary Theory of Economic Policy. Part I. The Experience of Fast Development," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 7.
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    Cited by:

    1. Polterovich, V., 2014. "Why Reforms Fail," Journal of the New Economic Association, New Economic Association, vol. 23(3), pages 169-173.

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    More about this item

    Keywords

    catching-up development; non-removability of the authority; developmental state; regulatory state; interactive planning; regional development agencies;
    All these keywords.

    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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