We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...

Economic activity tends to cluster. This results in productivity gains. For policy makers this offers an opportunity to formulate and promote policies that foster clustering of economic activity. Paradoxically, although agglomeration rents are often found in empirical research a rationale for...

The on-going ‘Make in India' campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights ‘step-by-step' changes in a country's specialisation pattern and global competitiveness...

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

In many regions, renewable energy targets are a primary decarbonization policy. Most of the same jurisdictions also subsidize the manufacturing and/or deployment of renewable energy technologies, some being sufficiently aggressive as to engender WTO disputes. We consider a downstream...

Being technology and knowledge-intensive and high valued, the engineering industry enhances the competitiveness and productivity of related industries. Moreover, recent economic circumstances continue to raise the significance of the engineering realm, not only along with the spread of...

In order to vitalize the domestic economy, the new Korean government adopted the economic concept of the ‘Creative Economy (afterwards, CE)’, which is accompanied by various interpretations. In fact, the CE can have many different approaches in accordance with aims and targets, whether they...

The Korean apparel industry is a high value-added industry that creates value by fusing fashion design, highly-sensitive and functional materials and brand value.In addition, the apparel industry, which consists of planning and design - patterns, samples, sewing and marketing - is a job-creating...

Technical textiles are rapidly creating new demand by replacing metals, ceramics and plastics with better-performing textiles featuring enhanced strength, heat resistance and elasticity through technological innovation. In particular, advanced technical textiles can augment value-added, not only...