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A Southern Europe strategy based on vision and industrial policy

Author

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  • Karl Aiginger

    (Österreichischen Institut für Wirtschaftsforschung (WIFO) Austrian Institute of Economic Research)

Abstract

This paper argues that an industrial policy strategy is needed for the southern European countries for regaining competitiveness and stability. That strategie need to be different from the past industrial policy, more systemic, and should include innovation strategies and ways to upgrade education. They should embrace competition on national and international markets as driver of change. They should create and support clusters and industrial zones, which could then be the basis for technology transfers, foreign direct investment and for making use of globalisation. New industrial policies should emphasise on sectors where society has a long term interest, e.g. alternative energies or health tourism. In short, industrial policy is a necessary strategy element in times of budget consolidation especially for the southern European periphery.

Suggested Citation

  • Karl Aiginger, 2013. "A Southern Europe strategy based on vision and industrial policy," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 82(01), pages 127-168.
    • Handle: RePEc:ekz:ekonoz:2013107
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    References listed on IDEAS

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    1. Pierre-André Buigues & Khalid Sekkat, 2011. "Public Subsidies to Business: An International Comparison," Journal of Industry, Competition and Trade, Springer, vol. 11(1), pages 1-24, March.
    2. Karl Aiginger & Susanne Sieber, 2006. "The Matrix Approach to Industrial Policy," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(5), pages 573-601.
    3. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
    4. Philippe Aghion & Julian Boulanger, 2011. "Rethinking industrial policy," Bruegel Policy Brief 566, Bruegel.
    5. repec:clr:wugarc:y:2012:v:38i:1p:15 is not listed on IDEAS
    6. Karl Aiginger, 2006. "Competitiveness: From a Dangerous Obsession to a Welfare Creating Ability with Positive Externalities," Journal of Industry, Competition and Trade, Springer, vol. 6(2), pages 161-177, June.
    7. Karl Aiginger, 2007. "Industrial Policy: A Dying Breed or A Re-emerging Phoenix," Journal of Industry, Competition and Trade, Springer, vol. 7(3), pages 297-323, December.
    8. Francisco Carballo-Cruz, 2011. "Causes and Consequences of the Spanish Economic Crisis: Why the Recovery is Taken so Long?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(3), pages 309-328, September.
    9. Karl Aiginger & Matthias Firgo & Peter Huber, 2013. "What Can the EMU's Peripheral Countries Learn From Regional Growth? WWWforEurope Policy Paper No. 7," WIFO Studies, WIFO, number 47011, January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Landesmann, Michael A. & Stöllinger, Roman, 2019. "Structural change, trade and global production networks: An ‘appropriate industrial policy’ for peripheral and catching-up economies," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 7-23.
    2. Michael Landesmann & Roman Stöllinger, 2018. "Structural Change, Trade and Global Production Networks," wiiw Policy Notes 21, The Vienna Institute for International Economic Studies, wiiw.
    3. Enno Schröder, 2015. "Eurozone Imbalances: Measuring the Contribution of Expenditure Switching and Expenditure Volumes 1990-2013," Working Papers 1508, New School for Social Research, Department of Economics, revised Sep 2015.
    4. Oliver Picek & Enno Schröder, 2018. "Spillover effects of Germany's final demand on Southern Europe," The World Economy, Wiley Blackwell, vol. 41(8), pages 2216-2242, August.

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    More about this item

    Keywords

    Competitiveness of Southern Europe; European periphery; new industrial policy; growth oriented consolidation; socioeconomic systems;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F6 - International Economics - - Economic Impacts of Globalization
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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