Industrial Policy Effects and the Case for Competition

• Tác giả: Georgiana Pop
• Ngôn ngữ: eng
• Ký hiệu phân loại: 330 Economics
• Thông tin xuất bản: World Bank, Washington, DC, 2020
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 328473
• Chủ đề: 1. COMPETITION POLICY; 2. INDUSTRIAL POLICY; 3. PRODUCTIVITY; 4. SMALL AND MEDIUM SIZE ENTERPRISE; 5. STATE-OWNED ENTERPRISES

Tóm tắt

It is conventional wisdom that industrial policies can be at odds with competitive markets. This note examines the historical basis for industrial policy and empirical effects. Although the direct effects of industrial policy are mixed, the indirect effects often involve market distortions. By contrast, the literature is broadly united on the benefits of competition for productivity and innovation. This review finds that the most successful industrial policies reinforce competition, suggesting that competition policy and certain types of industrial policy can be crafted as complements.