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The "Resurrection" of Industrial Policy in the European Union and its Impact on Industrial Policy in the New Member Countries. WWWforEurope Working Paper No. 26

Author

Listed:
  • Ádám Török
  • Gyöngyi Csuka
  • Bernadett Kovács
  • Anita Veres

    (University of Pannonia)

Abstract

The aim of this study is to consider the main factors affecting the industrial policy in Central and Eastern European Countries (CEECs) by elucidating the issues such as the connection between competitiveness and industrial policy, innovation, manufacturing, green growth and environment. The objective is to inspire thought in the reader and to highlight the necessity for a new industrial policy, which considers regional differences and specialisations in the catching-up economies of the CEECs. The ultimate question is what kind of industrial policy development is required in the CEECs in the future that could enable an even more successful catching-up, or convergence, with the Western economies. This study includes an analysis of the countries that have been more successful in transition. A measurement was made of the export market shares as well as the industrial structure (primarily in manufacturing).This study highlights that there is a need for a country specific industrial policy for each member country. During the development of industrial policy, the decision makers of each country must make complex decisions which consider all past and current economic factors.

Suggested Citation

  • Ádám Török & Gyöngyi Csuka & Bernadett Kovács & Anita Veres, 2013. "The "Resurrection" of Industrial Policy in the European Union and its Impact on Industrial Policy in the New Member Countries. WWWforEurope Working Paper No. 26," WIFO Studies, WIFO, number 46887, August.
    • Handle: RePEc:wfo:wstudy:46887
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    References listed on IDEAS

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    1. Vera Boronenko & Zane Zeibote, 2011. "Potential of Cluster Development and the Role of Cluster Support Policies in Latvia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 56(191), pages 35-68, October-D.
    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. Karl Aiginger, 2011. "Why Growth Performance Differed across Countries in the Recent Crisis: the Impact of Pre-crisis Conditions," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 35-52, August.
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    5. AIGINGER Karl, 2011. "Why Performance Differed Across Countries In The Recent Crisis," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 55(2), pages 20-27.
    6. 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.
    7. Karl Aiginger, 2012. "A Systemic Industrial Policy to Pave a New Growth Path for Europe," WIFO Working Papers 421, WIFO.
    8. Anastassia Bankova & Todor Yalamov, 2011. "The Clusters in the Knowledge Based Economy and their Problems in Bulgaria," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 9(1), pages 5-17, March.
    9. 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.
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    Cited by:

    1. Lobanov, M. & Zvezdanovic Lobanova, J. & Zvezdanovic, M., 2022. "Typologization of industrial systems in the countries of Central-Eastern and South-Eastern Europe," Journal of the New Economic Association, New Economic Association, vol. 56(4), pages 92-122.
    2. Georg Licht & Bettina Peters & Christian Köhler & Franz Schwiebacher, 2014. "The Potential Contribution of Innovation Systems to Socio-Ecological Transition. WWWforEurope Deliverable No. 4," WIFO Studies, WIFO, number 47502, April.

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