The European Union’s Industrial Policy: What are the Main Challenges?

Michael Landesmann and Roman Stöllinger

No 36, wiiw Policy Notes from The Vienna Institute for International Economic Studies, wiiw

Abstract: This policy report stakes a stance on industrial policy in the European Union in the light of the revived interest in the subject and the most pressing challenges ahead. In the current global context these challenges are (i) to keep pace at the technology frontier with the technologically most advanced economies; (ii) to meet the challenge of fast catching-up emerging economies; (iii) to contribute to the convergence and cohesion processes within the EU; and (iv) to deal with climate change and environmental sustainability issues more generally. A quantitative exercise that makes use of the EU’s budget data, including the structural funds, and member states state aid expenditures is used to identify the EU’s current industrial policy priorities. The results are the basis for an assessment of the extent to which the key challenges are addressed at the supranational level and which aspects are primarily dealt with by national governments.

Keywords: Industrial policy; EU’s industrial policy, smart specialisation, mission-oriented industrial policy, EU structural funds, EU cohesion policy, EU competitiveness, EU Green Deal (search for similar items in EconPapers)
JEL-codes: F68 L16 L5 O25 O38 O52 Q59 (search for similar items in EconPapers)
Pages: 26 pages including 3 Tables and 5 Figures
Date: 2020-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published as wiiw Policy Note

Downloads: (external link)
https://wiiw.ac.at/the-european-union-s-industrial ... llenges-dlp-5211.pdf (application/pdf)

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:wii:pnotes:pn:36

Ordering information: This working paper can be ordered from
https://wiiw.ac.at

Access Statistics for this paper

More papers in wiiw Policy Notes from The Vienna Institute for International Economic Studies, wiiw Contact information at EDIRC.
Bibliographic data for series maintained by Customer service ().