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The Case for Industrial Policy : A Critical Survey

What are the underlying rationales for industrial policy? Does empirical evidence support the use of industrial policy for correcting market failures that plague the process of industrialization? To address these questions, the authors provide a critical survey of the analytical literature on indust...

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Bibliographic Details
Main Authors: Pack, Howard, Saggi, Kamal
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ASYMMETRIC INFORMATION
BACKWARD LINKAGE
CAPITAL MARKET
CAPITAL MARKETS
COLLABORATION
COMPARATIVE ADVANTAGE
COMPETITIVE PRICE
COMPETITORS
CONDITIONS
CONSTANT RETURNS TO SCALE
CONSUMERS
DIMINISHING RETURNS
DOMESTIC MARKET
DYNAMIC ANALYSIS
DYNAMIC EFFICIENCY
ECONOMIES OF SCALE
EQUILIBRIUM
EXPORTS
EXTERNALITIES
FACTORS OF PRODUCTION
FINANCIAL SECTOR
FIXED COSTS
FOREIGN COMPETITION
FORMAL ANALYSIS
FREE RIDER
FREE RIDER PROBLEM
FREE TRADE
GROWTH MODELS
HUMAN CAPITAL
IMPERFECT COMPETITION
INCREASING RETURNS
INCREASING RETURNS TO SCALE
INDUSTRIAL GROWTH
INDUSTRIAL POLICIES
INDUSTRIAL POLICY
INDUSTRIALIZATION
INFANT INDUSTRY ARGUMENT
INTERMEDIATE GOODS
INTERNATIONAL TRADE
INVENTIONS
LATIN AMERICAN
LDCS
LEARNING
LICENSING
LOCAL INDUSTRY
MARKET ANALYSIS
MARKET ECONOMY
MARKET EQUILIBRIUM
MARKET FAILURE
MARKET FAILURES
MARKET POWER
MARKET STUDY
MONOPOLISTIC COMPETITION
MONOPOLY
NATIONAL INCOME
NEW INDUSTRY
OLIGOPOLY
OPEN ECONOMY
OPPORTUNITY COST
PERFECT COMPETITION
POSITIVE EXTERNALITIES
POSITIVE EXTERNALITY
PRICE LEVELS
PRODUCERS
PRODUCT QUALITY
PRODUCTION COSTS
PRODUCTION EFFICIENCY
PRODUCTION FUNCTION
PRODUCTIVITY
PROFIT MARGIN
PROPERTY RIGHTS
RENT SEEKING
SOFTWARE INDUSTRY
SUBSTITUTE
SUPPLY CHAINS
SURPLUS
TELEPHONE LINES
UNDERLYING PROBLEM
WELFARE ECONOMICS
YIELDS
Online Access:http://documents.worldbank.org/curated/en/2006/02/6567863/case-industrial-policy-critical-survey
http://hdl.handle.net/10986/8782

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