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Industrial Policy for the Medium to Long-term

  • Crafts, Nicholas

    (University of Warwick)

  • Hughes, Alan

    (University of Cambridge)

This report reviews the market failure and systems failure rationales for industrial policy and assesses the evidence on part experience of industrial policy in the UK. In the light of this, it reviews options for reshaping the design and delivery of industrial policy towards UK manufacturing. These options are intended to encourage a medium- to long-term perspective across government departments and to integrate science, innovation and industrial policy.

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File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/centres/cage/research/wpfeed/179-2014_crafts.pdf
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Paper provided by Competitive Advantage in the Global Economy (CAGE) in its series CAGE Online Working Paper Series with number 179.

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Date of creation: 2014
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Handle: RePEc:cge:wacage:179
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Web page: http://www2.warwick.ac.uk/fac/soc/economics/research/centres/cage/
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  9. Alan Hughes & Michael Kitson, 2012. "Pathways to impact and the strategic role of universities: new evidence on the breadth and depth of university knowledge exchange in the UK and the factors constraining its development," Cambridge Journal of Economics, Oxford University Press, vol. 36(3), pages 723-750.
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  17. Dodgson, M. & Foster, J. & Hughes, A. & Metcalfe, J.S., 2009. "Systems Thinking, Market Failure, and the Development of Innovation Policy: The Case of Australia," ESRC Centre for Business Research - Working Papers wp397, ESRC Centre for Business Research.
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