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Revisiting the Nexus between Industrial Policy and Regional Economic Resilience in an Era of Grand Societal Challenges

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  • Edurne Magro

    (Orkestra-Basque Institute of Competitiveness and Deusto Business School, University of Deusto)

Abstract

In this paper, we adopt an evolutionary approach to understand the role of industrial policies in developing regional short –and long-term resilience. We take an in-depth look at the different type of policy instruments to categorise the different place-based approaches and industrial policy mixes and explore their role in addressing grand societal challenges. To do so, the paper examines the Basque Country region in Spain, which not only has implemented a long-term industrial policy over the last 40 years but has also demonstrated to be a resilient region during previous crises.

Suggested Citation

  • Edurne Magro, 2022. "Revisiting the Nexus between Industrial Policy and Regional Economic Resilience in an Era of Grand Societal Challenges," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 101-122, December.
    • Handle: RePEc:hpe:journl:y:2022:v:243:i:4:p:101-122
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    References listed on IDEAS

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    More about this item

    Keywords

    Regional resilience; Industrial policy; Policy-mixes; Grand societal challenges.;
    All these keywords.

    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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