Industrial Policy Effects and the Case for Competition

It is conventional wisdom that industrial policies can be at odds with competitive markets. This note examines the historical basis for industrial policy and empirical effects. Although the direct effects of industrial policy are mixed, the indirec...

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Main Authors:	Pop, Georgiana, Connon, Davida
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	INDUSTRIAL POLICY COMPETITION POLICY STATE-OWNED ENTERPRISES SMALL AND MEDIUM SIZE ENTERPRISE PRODUCTIVITY INNOVATION SUBSIDY TRADE POLICY PUBLIC PROCUREMENT
Online Access:	http://documents.worldbank.org/curated/en/548701601014977452/Equitable-Growth-Finance-and-Institutions-Insight-Industrial-Policy-Effects-and-the-Case-for-Competition http://hdl.handle.net/10986/34536

id	okr-10986-34536
recordtype	oai_dc
spelling	okr-10986-345362021-09-17T05:12:04Z Industrial Policy Effects and the Case for Competition Pop, Georgiana Connon, Davida INDUSTRIAL POLICY COMPETITION POLICY STATE-OWNED ENTERPRISES SMALL AND MEDIUM SIZE ENTERPRISE PRODUCTIVITY INNOVATION SUBSIDY TRADE POLICY PUBLIC PROCUREMENT It is conventional wisdom that industrial policies can be at odds with competitive markets. This note examines the historical basis for industrial policy and empirical effects. Although the direct effects of industrial policy are mixed, the indirect effects often involve market distortions. By contrast, the literature is broadly united on the benefits of competition for productivity and innovation. This review finds that the most successful industrial policies reinforce competition, suggesting that competition policy and certain types of industrial policy can be crafted as complements. 2020-09-29T15:44:22Z 2020-09-29T15:44:22Z 2020-09-24 Report http://documents.worldbank.org/curated/en/548701601014977452/Equitable-Growth-Finance-and-Institutions-Insight-Industrial-Policy-Effects-and-the-Case-for-Competition http://hdl.handle.net/10986/34536 English Equitable Growth, Finance and Institutions Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: PSD, Privatization and Industrial Policy
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	INDUSTRIAL POLICY COMPETITION POLICY STATE-OWNED ENTERPRISES SMALL AND MEDIUM SIZE ENTERPRISE PRODUCTIVITY INNOVATION SUBSIDY TRADE POLICY PUBLIC PROCUREMENT
spellingShingle	INDUSTRIAL POLICY COMPETITION POLICY STATE-OWNED ENTERPRISES SMALL AND MEDIUM SIZE ENTERPRISE PRODUCTIVITY INNOVATION SUBSIDY TRADE POLICY PUBLIC PROCUREMENT Pop, Georgiana Connon, Davida Industrial Policy Effects and the Case for Competition
relation	Equitable Growth, Finance and Institutions Insight;
description	It is conventional wisdom that industrial policies can be at odds with competitive markets. This note examines the historical basis for industrial policy and empirical effects. Although the direct effects of industrial policy are mixed, the indirect effects often involve market distortions. By contrast, the literature is broadly united on the benefits of competition for productivity and innovation. This review finds that the most successful industrial policies reinforce competition, suggesting that competition policy and certain types of industrial policy can be crafted as complements.
format	Report
author	Pop, Georgiana Connon, Davida
author_facet	Pop, Georgiana Connon, Davida
author_sort	Pop, Georgiana
title	Industrial Policy Effects and the Case for Competition
title_short	Industrial Policy Effects and the Case for Competition
title_full	Industrial Policy Effects and the Case for Competition
title_fullStr	Industrial Policy Effects and the Case for Competition
title_full_unstemmed	Industrial Policy Effects and the Case for Competition
title_sort	industrial policy effects and the case for competition
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/548701601014977452/Equitable-Growth-Finance-and-Institutions-Insight-Industrial-Policy-Effects-and-the-Case-for-Competition http://hdl.handle.net/10986/34536
_version_	1764481112139104256

Industrial Policy Effects and the Case for Competition

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