Macroeconomic Policy as Implicit Industrial Policy: Its Industry and Enterprise Effects

by John Randolph Norsworthy, Diana H. Tsai

This volume assesses the effects of industrial policy at three levels: through the user cost of capital, through the effects of a macroeconomic model on the decisions of an enterprise, and through the effects of a macroeconomic model on the machine tools industry via its major customer industries. The analytical approaches developed and applied here constitute an integrated approach to the assessment of generic industrial policies on industries and enterprises. The application of these tools provides a constructive alternative to the polemics that dominate the industrial policy literature and public debate

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Year of publication:	1998
Authors:	Norsworthy, John Randolph ; Tsai, Diana H.
Publisher:	New York : Kluwer Academic
Subject:	Industriepolitik \| Industrial policy \| Wirtschaftspolitik \| Economic policy \| Theorie \| Theory \| Wirkungsanalyse \| Impact assessment \| Technischer Fortschritt \| Technological change \| Internationaler Wettbewerb \| International competition \| Investition \| Investment \| Kapitalkosten \| Cost of capital \| Werkzeugmaschinenbau \| Machine tool industry

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Extent:	Online-Ressource (262 p) ill
Type of publication:	Book / Working Paper
Language:	English
Notes:	1 Introduction2 Managed Trade and Targeted Vs. Generic Industrial Policy -- 3 The User Cost of Capital: Link from Macroeconomic Policy to Business Decisions -- 4 Influences of Macroeconomic Policy on the Enterprise -- 5 A Context for Industrial Policy: History, Performance and Strategic Role of the Machine Tool Industry in the United States -- 6 Technological Change, Learning-by-Doing, and the Structure of Production in the U.S. Machine Tool Industry -- 7 Measuring the Effects of Macroeconomic Policy in an Industry Econometric Model -- 8 Macroeconomic and Financial Effects on Competitiveness in U.S. Manufacturing: Simulations to Measure Policy Effects -- 9 Measuring And Forecasting The Industry Of Macroeconomic Events: Crowding Out Of Manufacturing Investment in a Macro-Micro Framework -- 10 Technological Factors and Industrial Policy: Harnessing Generic Industrial Policies For Economic Growth and Competitiveness -- 11 Conclusions and Future Research -- References -- Author Index.
ISBN:	978-1-4615-5443-1 ; 978-1-4613-7485-5
Other identifiers:	10.1007/978-1-4615-5443-1 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013521915