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Linkages and Industrial Policy for Eastern Europe

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  • Subrata Ghatak
  • Barbara Roberts

Abstract

It is argued that insustrial policy for Eastern Europe is needed in order to reduce the social cost of transition. The industrial policy suggestes is based on unbalanced growth focused on key sectors that, according to linkage analysis, influence the economy more than other sector. An attempt should be made to increase efficency in key sectors, either by new investment or by closing down inefficient enterprises. This strategy could be adopted temporarily, gradually to move away from the existing structure of the economy rather than to reinforce it. In order to illustrate the potential of such an industrial policy, a sector-specific approach has been simulated for Poland using a compuable general equilibuium (CGE) model. The simulation results have shown that macroenonomic performance, measured by output, employment and funds available for invesment, is much better when industrial policy has been concentrated on a key sector.

Suggested Citation

  • Subrata Ghatak & Barbara Roberts, 1997. "Linkages and Industrial Policy for Eastern Europe," International Review of Applied Economics, Taylor & Francis Journals, vol. 11(1), pages 91-104.
  • Handle: RePEc:taf:irapec:v:11:y:1997:i:1:p:91-104
    DOI: 10.1080/02692179700000005
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    Cited by:

    1. Mohora, Maria C. & Bayar, Ali, 2007. "Computable General Equilibrium Models For The Central And Eastern European Eu Member States: A Survey," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(1), pages 26-44, March.
    2. Zewdie Habte Shikur, 2020. "Industrial policy measure and economic structure in Ethiopia: the case of Oromia region," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 255-274, February.

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