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Manufacturing regimes and transitional paths: Lessons for industrial policy

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  • Bianchi, Patrizio
  • Labory, Sandrine

Abstract

This paper argues that structural approaches to the analysis of economic systems provide useful theoretical insights for the definition of industrial policy. In particular, radical structural changes represent ‘industrial revolutions’ between manufacturing regimes. This paper addresses industrial policy as a policy of transitional (medium-term) dynamics. We analyse industrial revolutions, from the first to the on-going fourth industrial revolution, and discuss both the structural changes implied, namely the shift between manufacturing regimes, and the implications for industrial policy.

Suggested Citation

  • Bianchi, Patrizio & Labory, Sandrine, 2019. "Manufacturing regimes and transitional paths: Lessons for industrial policy," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 24-31.
    • Handle: RePEc:eee:streco:v:48:y:2019:i:c:p:24-31
    DOI: 10.1016/j.strueco.2017.10.003
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    References listed on IDEAS

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    1. Patrizio Bianchi & Sandrine Labory, 2011. "Industrial Policy after the Crisis," Books, Edward Elgar Publishing, number 14127.
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    Cited by:

    1. Di Tommaso, Marco R. & Tassinari, Mattia & Barbieri, Elisa & Marozzi, Marco, 2020. "Selective industrial policy and ‘sustainable’ structural change. Discussing the political economy of sectoral priorities in the US," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 309-323.
    2. Ferrannini, Andrea & Barbieri, Elisa & Biggeri, Mario & Di Tommaso, Marco R., 2021. "Industrial policy for sustainable human development in the post-Covid19 era," World Development, Elsevier, vol. 137(C).
    3. Keren Chen, 2022. "Industrial Policy’s Effect on Cross-Border Mergers’ Decisions—Theoretical and Empirical Analysis," Sustainability, MDPI, vol. 14(20), pages 1-25, October.
    4. Bianchi, Patrizio & Labory, Sandrine, 2022. "Dynamic gravitation and structural dynamics: From Smith to Modern theory," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 90-98.
    5. Mattia Tassinari, 2023. "Interpersonal relationships, human development, and the trajectory of economic change: a social constructionist perspective," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 70(2), pages 177-193, June.
    6. Di Tommaso, Marco R. & Prodi, Elena & Pollio, Chiara & Barbieri, Elisa, 2023. "Conceptualizing and measuring “industry resilience”: Composite indicators for postshock industrial policy decision-making," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).

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    More about this item

    Keywords

    Industrial policy; Structural changes; Manufacturing regimes; Transition;
    All these keywords.

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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