Economics Dictionary of ArgumentsHome
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| Industrial policy: Industrial policy refers to government strategies aimed at promoting specific industries to enhance national economic growth and competitiveness. This includes subsidies, tax incentives, tariffs, or regulations to support key sectors, foster innovation, and create jobs. It often targets manufacturing, technology, or green energy to shape the economy’s structure and long-term development. See also Interventions, Interventionism, Trade policy, International trade, Strategic trade policy, Subsidies._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Richard G. Harris on Industrial Policy - Dictionary of Arguments
Krugman III 155 Industrial policy/Richard G. Harris: Policies to favor new industries over old are at the crux of the debate on industrial policy in many countries. >Market entry, >Subsidies, >Interventions, >Interventionism, >Government policy. The steel industry provides an interesting case study of an industry that can be thought of as containing both declining and expanding subsectors, both of which compete in the short term with imports for the same market. What this paper(1) suggests is that the answer to the question of in which direction the industry should be pushed depends on market structure, costs, and demand conditions. In the case of the US. steel industry, taking the level of imports as the relevant constraint, the existing industry structure is inefficient, but cost estimates are crucial to deciding in which direction the industry should be pushed. Taking the existing industry structure as given, small changes in trade and industrial policy can affect welfare, but the conclusions are very sensitive to the disposition of the rents created under the VER programs. >Voluntary export restraint/VER, >Sensitivity analysis. It is quite possible that restricting imports is welfare increasing, given the imperfectly competitive nature of the steel industry. 1. Richard G. Harris. „Trade and Industrial Policy for a “Declining” Industry: The Case of the U.S. Steel Industry.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press. Richard G. Harris. „Trade and Industrial Policy for a “Declining” Industry: The Case of the U.S. Steel Industry.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
LingHarris I Zellig S. Harris A Theory of Language and Information: A Mathematical Approach Oxford 1991 EconKrug I Paul Krugman Volkswirtschaftslehre Stuttgart 2017 EconKrug II Paul Krugman Robin Wells Microeconomics New York 2014 Krugman III Paul Krugman Alasdair Smith Empirical Studies of Strategic Trade Policy Chicago: The University of Chicago Press 1994 |
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