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Industrial Policy and the Great Divergence

Author

Listed:
  • Réka Juhász

    (Vancouver School of Economics, University of British Columbia, Vancouver, British Columbia, Canada)

  • Claudia Steinwender

    (Department of Economics, Ludwig-Maximilians-Universität in Munich, Munich, Germany)

Abstract

We discuss recent work evaluating the role of the government in shaping the economy during the long nineteenth century, a practice we refer to as industrial policy. States deployed a vast variety of different policies aimed primarily, but not exclusively, at fostering industrialization. A thin but growing literature has started to evaluate the economic effects of these policies, but many questions remain open for study.

Suggested Citation

  • Réka Juhász & Claudia Steinwender, 2024. "Industrial Policy and the Great Divergence," Annual Review of Economics, Annual Reviews, vol. 16(1), pages 27-54, August.
    • Handle: RePEc:anr:reveco:v:16:y:2024:p:27-54
    DOI: 10.1146/annurev-economics-091523-044259
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    Cited by:

    1. Suesse, Marvin & Grigoriadis, Theocharis, 2025. "Financing Late Industrialization: Evidence from the State Bank of the Russian Empire," The Journal of Economic History, Cambridge University Press, vol. 85(4), pages 1170-1206, December.
    2. Grafström, Jonas, 2025. "Vertical industrial policy: principles, practice and potential," Ratio Working Papers 384, The Ratio Institute.
    3. Ossa, Ralph & Redding, Stephen, 2026. "The Economics of Tariffs," CEPR Discussion Papers 21221, Centre for Economic Policy Research.
    4. Doré, Natalia I. & Araújo, Eliane, 2025. "Long-term analysis of Kaldor's law applied to Brazil (1909-2020)," Structural Change and Economic Dynamics, Elsevier, vol. 74(C), pages 147-157.
    5. Brian D. Varian, 2025. "Effective Rates of Protection in an Industrialising, Settler Economy: Estimates for Victoria (Australia) in 1880," CEH Discussion Papers 02, Centre for Economic History, Research School of Economics, Australian National University.

    More about this item

    Keywords

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    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • N9 - Economic History - - Regional and Urban History
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • N6 - Economic History - - Manufacturing and Construction
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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