Industrial Policy for the Medium to Long-term

Nicholas Crafts and Alan Hughes

Working Papers from Centre for Business Research, University of Cambridge

Abstract: This paper reviews the market failure and systems failure rationales for industrial policy and assesses the evidence on past experience of industrial policy in the UK. In the light of this, it reviews options for reshaping the design and delivery of industrial policy towards UK manufacturing. These options are intended to encourage a medium- to long-term perspective across government departments and to integrate science, innovation and industrial policy.

Keywords: Industrial Policy; Innovation Policy; Market Failure; Systems (search for similar items in EconPapers)
JEL-codes: E61 O25 O31 (search for similar items in EconPapers)
Date: 2013-12
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Industrial Policy for the Medium to Long-term (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:cbr:cbrwps:wp455

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