Industrial Policy—An Institutional Economic Framework for Assessment

Wilfred Dolfsma, Łukasz Mamica

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Abstract: In this article we suggest an institutional economic approach to classifying government policies, thus offering suggestions to improve the expected outcomes of government policy as well. We elaborate the argument for industrial policy-government policy to directly influence investment and resource allocation decisions by private companies. By adopting dimensions for industries that are stable over time, we can suggest which policies are suitable for which industries.

Original languageEnglish
Pages (from-to)349-355
Number of pages7
JournalJournal of Economic Issues
Volume54
Issue number2
DOIs
Publication statusPublished - 2 Apr 2020

Keywords

  • government policy
  • industrial policy
  • policy assessment

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