An industrial policy framework for OECD countries: Old debates, new perspectives

Chiara Criscuolo, Nicolas Gonne, Kohei Kitazawa and Guy Lalanne
Additional contact information
Chiara Criscuolo: OECD
Kohei Kitazawa: OECD
Guy Lalanne: OECD

No 127, OECD Science, Technology and Industry Policy Papers from OECD Publishing

Abstract: The debate on industrial policy has made a comeback in both academic and policy circles. Yet, no consensus exists on an industrial policy paradigm and the absence of a common reference framework unduly obfuscates the debate – even which interventions are to be considered “industrial policy” is not clear-cut. Against this background, this paper proposes a coherent framework for analysing the formulation of industrial policy, relying on a purposefully broad definition of the latter. Leveraging the proposed framework and a companion paper which synthetises the available empirical evidence, this paper stresses the complementarities between policy instruments, thereby justifying the use of industrial strategies, acknowledges the role of targeted industrial strategies, which can direct technological change and growth, and of demand-side instruments, which can contribute to transformative industrial change, but calls for a stronger emphasis on evaluation and the regular re-assessment of targeted industrial strategies.

Keywords: industrial policy; industrial strategies (search for similar items in EconPapers)
JEL-codes: L52 L53 O25 O38 Q58 (search for similar items in EconPapers)
Date: 2022-05-03
New Economics Papers: this item is included in nep-reg
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://doi.org/10.1787/0002217c-en (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oec:stiaac:127-en

Access Statistics for this paper

More papers in OECD Science, Technology and Industry Policy Papers from OECD Publishing Contact information at EDIRC.
Bibliographic data for series maintained by ().