Industrial Policy for a New Growth Model: A Toolbox for EU-CEE Countries

Alexandra Bykova, Rumen Dobrinsky (), Richard Grieveson (), Maciej J. Grodzicki, Doris Hanzl-Weiss (), Gabor Hunya (), Niko Korpar, Sebastian Leitner (), Bernhard Moshammer, Ondřej Sankot, Bernd Christoph Ströhm (), Maryna Tverdostup () and Zuzana Zavarska
Additional contact information
Rumen Dobrinsky: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/rumen-dobrinsky-s-84.html
Richard Grieveson: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/richard-grieveson-s-1172.html
Doris Hanzl-Weiss: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/doris-hanzl-weiss-s-4.html
Gabor Hunya: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/gabor-hunya-s-7.html
Sebastian Leitner: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/sebastian-leitner-s-23.html
Bernd Christoph Ströhm: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/bernd-christoph-stroehm-s-1431.html
Maryna Tverdostup: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/maryna-tverdostup-s-1587.html

No 469, wiiw Research Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: The EU member states of Central Eastern Europe (EU-CEE) have experienced rapid convergence in the decades following their EU accession, and have built up strong export-oriented manufacturing sectors boosted by foreign direct investment inflows. While this growth model has brought many positives, there are indications that it is hitting its limits. Endogenous limits to EU-CEE’s growth model are exacerbated by exogenous challenges of the ‘twin’ (green and digital) transitions, and the fallout of the pandemic and Russian invasion of Ukraine. This reinforces the imperative for EU-CEE to transition to a more innovation-driven, new growth model, enabled by a comprehensive industrial policy. However, the EU-CEE countries have not only lacked a stable and strategic approach to industrial policy in their development paths, but also find themselves in a unique position due to EU membership. As a result, innovation and industrial policies are underdeveloped in the region. Based on an in-depth analysis of the industrial landscape and the industrial policy environment of the region, we propose eight pillars for creating a EU-CEE version of the entrepreneurial state.

Keywords: industrial policy; EU-CEE; convergence; transition; green; digital (search for similar items in EconPapers)
JEL-codes: F63 L52 L60 O25 O40 P27 (search for similar items in EconPapers)
Pages: 145 pages including 26 Tables, 50 Figures and 6 Boxes
Date: 2023-07
New Economics Papers: this item is included in nep-cis, nep-env and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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