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Il progetto Europeo come motore di crescita e il confronto con gli Stati Uniti: la politica industriale dopo il "Rapporto Sapir"


  • Massimo FLORIO



This paper proposes three propositions for the future of European industrial policy, based on a discussion of the Report 'An Agenda for a Growing Europe' (Sapir at al, 2004). My first proposition is that the growth gap between Us and Eu indeed exists, it is not a statistical artefact, in spite of the considerations by Blanchard (2004) and others. The competitive pressure of Asian economies compels Europe to react to such gap in the short term. Second, the EU enlargement offers a growth potential, beyond the narrow horizons of national capitalism in the EU member states. Economic integration with the enlargement countries should be firmly pursued, and public investment in infrastructure, cofinanced by Eu structural funds will help. This policy, however, is not sufficient to fill the gap with the Us. Third, I suggest that a European industrial policy should not be based only or mainly on products market liberalization. An ingredient in an EU industrial policy should be a long term strategy for European-wide public procurement policy, not just for infrastructures, but for hi-tech industries as well. This policy would need a delegation of national funds to supra-national spending agencies, looking at the Us experience. We suggest a more radical reform of the EU budget as the one proposed by Sapir et al (2004)

Suggested Citation

  • Massimo FLORIO, 2004. "Il progetto Europeo come motore di crescita e il confronto con gli Stati Uniti: la politica industriale dopo il "Rapporto Sapir"," Departmental Working Papers 2004-33, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  • Handle: RePEc:mil:wpdepa:2004-33

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    References listed on IDEAS

    1. Dreze, Jean & Stern, Nicholas, 1990. "Policy reform, shadow prices, and market prices," Journal of Public Economics, Elsevier, vol. 42(1), pages 1-45, June.
    2. Lind, Robert C., 1990. "Reassessing the government's discount rate policy in light of new theory and data in a world economy with a high degree of capital mobility," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 8-28, March.
    3. Harberger, Arnold C, 1997. "New Frontiers in Project Evaluation? A Comment on Devarajan, Squire, and Suthiwart-Narueput," World Bank Research Observer, World Bank Group, vol. 12(1), pages 73-79, February.
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    Cited by:

    1. Augusto Ninni, 2006. "The “New” European Industrial Policy in Europe: consequences for the Italian industrial policy," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, November.

    More about this item


    Europe Industrial Policy; Research and Development; Public Procurement; US Federal Budget; Defense Expenditures;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism


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