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Industrial Policy—An Institutional Economic Framework for Assessment

Author

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  • Wilfred Dolfsma
  • Łukasz Mamica

Abstract

In this article we suggest an institutional economic approach to classifying government policies, thus offering suggestions to improve the expected outcomes of government policy as well. We elaborate the argument for industrial policy-government policy to directly influence investment and resource allocation decisions by private companies. By adopting dimensions for industries that are stable over time, we can suggest which policies are suitable for which industries.

Suggested Citation

  • Wilfred Dolfsma & Łukasz Mamica, 2020. "Industrial Policy—An Institutional Economic Framework for Assessment," Journal of Economic Issues, Taylor & Francis Journals, vol. 54(2), pages 349-355, April.
    • Handle: RePEc:mes:jeciss:v:54:y:2020:i:2:p:349-355
    DOI: 10.1080/00213624.2020.1743143
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    Cited by:

    1. Ioanna Kastelli & Lukasz Mamica & Keun Lee, 2023. "New perspectives and issues in industrial policy for sustainable development: from developmental and entrepreneurial to environmental state," Review of Evolutionary Political Economy, Springer, vol. 4(1), pages 1-25, April.
    2. Smita Srinivas, 2023. "When is industry ‘sustainable’? The economics of institutional variety in a pandemic," Review of Evolutionary Political Economy, Springer, vol. 4(1), pages 75-107, April.
    3. Stelios Rozakis & Andrea Bartoli & Jacek Dach & Anna Jędrejek & Alina Kowalczyk-Juśko & Łukasz Mamica & Patrycja Pochwatka & Rafał Pudelko & Kesheng Shu, 2021. "Policy Impact on Regional Biogas Using a Modular Modeling Tool," Energies, MDPI, vol. 14(13), pages 1-21, June.

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