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Industrial policy choice during the crisis era

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  • Vinod K. Aggarwal
  • Simon J. Evenett

Abstract

Using an extensive database of non-macroeconomic state interventions implemented since the global economic crisis began, this paper provides quantitative evidence on the resort to selectivity by several major economic powers. The propensity to promote certain sectors, certain firms within sectors, and domestic over commercial interests is contrasted across jurisdictions. At least one prominent contention in the industrial policy literature is not borne out in the data, and certain cross-country and cross-sectoral variations found here could benefit from further analysis. A crisis-era shift towards selectivity and away from the ‘level playing field’ can be detected in the major trading nations. Copyright 2012, Oxford University Press.

Suggested Citation

  • Vinod K. Aggarwal & Simon J. Evenett, 2012. "Industrial policy choice during the crisis era," Oxford Review of Economic Policy, Oxford University Press, vol. 28(2), pages 261-283, SUMMER.
  • Handle: RePEc:oup:oxford:v:28:y:2012:i:2:p:261-283
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    File URL: http://hdl.handle.net/10.1093/oxrep/grs017
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    Cited by:

    1. Ali Burak Güven, 2016. "Rethinking Development Space in Emerging Countries: Turkey's Conservative Countermovement," Development and Change, International Institute of Social Studies, vol. 47(5), pages 995-1024, September.
    2. Nicholas Crafts, 2014. "What Does the 1930s' Experience Tell Us about the Future of the Eurozone?," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 713-727, July.
    3. IRC Trade Task Force & Cabrillac, Bruno & Al-Haschimi, Alexander & Babecká Kucharčuková, Oxana & Borin, Alessandro & Bussière, Matthieu & Cezar, Raphael & Derviz, Alexis & Dimitropoulou, Dimitra & Fer, 2016. "Understanding the weakness in global trade - What is the new normal?," Occasional Paper Series 178, European Central Bank.
    4. Shahid Yusuf, 2014. "Middle East Transitions; A Long, Hard Road," IMF Working Papers 14/135, International Monetary Fund.

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