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About Industrial Policy Guidelines

Author

Listed:
  • Dementyev, V.

    (CEMI RAS, Moscow, Russia)

Abstract

Industrial policy should vary with the specific conditions of the various phases of a long wave of economic development. At considerable lag from world technological leaders the economy can get to "a structural trap". To escape this trap, the active state economic policy has to be based on the combined strategy of development providing synergy effect from modernization of lagging behind branches and formation of new productions. Effectiveness of industrial policy largely depends on the extent to which it relies on the exchange of information between government and business, on the one hand, and between firms, on the other.

Suggested Citation

  • Dementyev, V., 2014. "About Industrial Policy Guidelines," Journal of the New Economic Association, New Economic Association, vol. 22(2), pages 201-205.
    • Handle: RePEc:nea:journl:y:2014:i:22:p:201-205
    as

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    File URL: http://www.econorus.org/repec/journl/2014-22-201-205r.pdf
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    References listed on IDEAS

    as
    1. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    2. V. Polterovich & V. Popov., 2006. "The Evolutionary Theory of Economic Policy. Part II. The Necessity of Timely Switching," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
    3. Dani Rodrik, 2008. "Normalizing Industrial Policy," World Bank Publications - Books, The World Bank Group, number 28009.
    4. Finbarr Livesey, 2012. "Rationales for Industrial Policy Based on Industry Maturity," Journal of Industry, Competition and Trade, Springer, vol. 12(3), pages 349-363, September.
    5. V. Polterovich & V. Popov., 2006. "An Evolutionary Theory of Economic Policy. Part I. The Experience of Fast Development," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 7.
    6. Ken Warwick, 2013. "Beyond Industrial Policy: Emerging Issues and New Trends," OECD Science, Technology and Industry Policy Papers 2, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    industrial policy; strategic planning; coordination; innovations; long waves;
    All these keywords.

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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