Technological change, industrial policies and innovation

Claudio Petti

Chapter 5 in A Modern Guide to Industrial Economics, 2026, pp 63-83 from Edward Elgar Publishing

Abstract: The nature of knowledge and research externalities calls all governments of modern economies to support basic research and to regulate and protect intellectual property. Put in these terms, the relationship between public policing and innovation is quite straightforward and uncontroversial. However, when turning to industrial policies, the relationship with innovation becomes more complex and multi-faceted. Indeed, selective policies, such as strategic sectors and subsidised national champions, have been a matter of disagreement in scientific debates as well as in the rising trade and geopolitical disputes. This chapter tries to disentangle this relationship by tracing its theoretical roots, illustrating the debates about its effects, and discussing their legacy by using the case of East-Asian catching-up and upgrading policies.

Keywords: Catch-up and upgrading; East-Asia; Externalities; Government intervention; Knowledge (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035365609
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