Advanced Search
MyIDEAS: Login

State Intervention for Growth Promotion in Market Economies

Contents:

Author Info

  • Marina Kesner-Skreb

    (Institute of Public Finance)

Registered author(s):

    Abstract

    The purpose of the project was to analyze how state intervention, or, more precisely industrial policy, influences market economies. The countries selected for case studies were: Austria, Chile, the European Union, Germany, Japan, New Zealand, South Korea and Taiwan. At the end of the project there is a brief review of the present industrial policy in Croatia. The research indicated the following conclusions as policy recommendations for Croatia: * All the countries under consideration have conducted industrial policies over a long period of time so it seems that an industrial policy is a unavoidable building block of every market economy; * Industrial policy has undergone a transformation from a targeted policy to one relying on horizontal measures; * Targeted industrial policies are aimed at directly supporting selected industrial sectors (either "national champions" or "lame ducks"). Generally this policy has not proved successful. The state administration has not shown itself to be capable of successfully choosing and effectively supporting chosen sectors; * An increasing number of economists agree that industrial policy should rely on horizontal policies, i.e. those aimed at supporting key inputs (e.g. invest in infrastructure, finance labour re-qualification schemes, develop information networks for financial markets, support research and development, support environmental protection, etc.). Such interventions benefit all market agents and lead to least relative price distortions; * Even horizontal state intervention must be limited in time, must consider all costs and benefits, must be as transparent as possible and must distort relative prices as little as possible.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ijf.hr/OPS/1.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Institute of Public Finance in its series Occasional paper series with number 01.

    as in new window
    Length: 33 pages
    Date of creation: Jan 1997
    Date of revision:
    Publication status: published in the journal "Financijska praksa", Volume 19, Number 5 (February 1996)
    Handle: RePEc:ipf:occasi:1

    Contact details of provider:
    Postal: Smiciklasova 21, 10000 Zagreb
    Email:
    Web page: http://www.ijf.hr/
    More information through EDIRC

    Related research

    Keywords: industrial policy;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ipf:occasi:1

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Martina Fabris).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.