This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by briefly reviewing the emergence, development, and diffusion of this approach and, then, spells out the constituents, activities, and boundaries of the SI approach. On this basis,...

This paper assesses the effectiveness of vertical industrial policies within the European Union. Vertical industrial policy is defined as government support of specific firms or industries ('picking winners' or 'supporting losers'). It is measured as state aid granted by Member States to the...

Recognising and discussing the elusiveness of industrial policy as a distinct policy concept, this paper argues against what probably is the most extreme type of so-called 'vertical' industrial policy, that is, support for national or European champions. It also critically reviews the rationale...

The purpose of this paper is to discuss major factors behind failures and successes in structural adjustment. The analysis includes the experience of four major European countries: France, Italy, the United Kingdom and West Germany. These countries are known for diverging performances. Germany...

This paper is a tentative summary and appraisal of the main theoretical arguments and empirical evidence for/against an industrial policy in support of high-tech industries. The paper reviews arguments based on endogenous growth theory and strategic trade theory and surveys the most relevant...

Die traditionellen Handelsmodelle stellen die Vorteile von Freihandel und internationaler Arbeitsteilung dar. Allein große Länder haben die Möglichkeit, durch die Einführung von Zöllen und Quoten ihre terms-of-trade positiv zu beeinflussen. Das ist jedoch nur bei Ausschluß von...

Spillovers from national industrial policies can cause helpful or harmful competition among policy makers and helpful or harmful interactions among the targeted industries. As a result, it is not in general possible to say whether industrial policy coordination is good or bad. However, reaching...

Zwei Instrumente stehen im Mittelpunkt der Krisen, in denen Opel, Arcandor und andere große Unternehmen staatliche Hilfe suchen oder gesucht haben: Kredite und Bürgschaften. Vergibt der Staat einen Kredit, so ist es offensichtlich, dass er dafür seine Verschuldung erhöhen muss. Um sie...

In India, the term ‘sick units’ refers to economically unviable firms which are kept alive ‘in the public interest’ by means of subsidies of various kinds. Since this practice is common, and large parts of the industrial sector are affected, this phenomenon is referred to as industrial...

In India, the term ‘sick units’ refers to economically unviable firms which are kept alive ‘in the public interest’ by means of subsidies of various kinds. Since this practice is common, and large parts of the industrial sector are affected, this phenomenon is referred to as industrial...