Bjorvatn, Kjetil; Coniglio, Nicola D. - Dipartimento di Scienze Economiche, Facoltà di Economia - 2007
Should industrial policy be targeted to a few sectors or be more broad based and therefore more neutral? Our theoretical analysis demonstrates that access to foreign markets is key to answering this question. We show that in a less open economy, industrial policy should be targeted, while in a...