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Chapter 4: Industrial policy

  • Lars Calmfors
  • Giancarlo Corsetti
  • Michael P. Devereux
  • Gilles Saint-Paul
  • Hans-Werner Sinn
  • Jan-Egbert Sturm
  • Xavier Vives

This chapter argues against using industrial policy to protect European firms from international competition because of the long-run costs that are likely to arise. Industrial policy should be horizontal rather than sector-based and it should be located mainly at the regional and EU level, but cut back at the national level.

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Article provided by CESifo Group Munich in its journal EEAG Report on the European Economy.

Volume (Year): (2008)
Issue (Month): (02)
Pages: 105-124

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Handle: RePEc:ces:eeagre:v::y:2008:i::p:105-124
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