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Quantifying industrial strategies across nine OECD countries

Author

Listed:
  • Chiara Criscuolo
  • Luis Díaz
  • Guy Lalanne
  • Louise Guillouet
  • Charles-Édouard van de Put
  • Camilla Weder
  • Hadas Zazon Deutsch

Abstract

Industrial policy has resurfaced prominently in academic and policy discussions in the wake of major shocks and long-term trends. However, quantifying industrial strategies across countries remains difficult. The ‘Quantifying Industrial Strategies’ (QuIS) project measures industrial policy expenditures by gathering and harmonising publicly available data, based on a new methodology. This report summarises the composition of industrial strategies in the first nine participating countries in terms of expenditures, priorities, and policy instruments for the period 2019-21. The report finds that industrial policies are sizeable, with 1.5% of GDP in grants and tax expenditures, and with an important heterogeneity across countries in terms of strategic priorities; industrial strategies mainly rely on sectoral instruments, representing on average 29% of grants and tax expenditures; and green instruments are important and rose significantly in six out of nine countries between 2019 and 2021.

Suggested Citation

  • Chiara Criscuolo & Luis Díaz & Guy Lalanne & Louise Guillouet & Charles-Édouard van de Put & Camilla Weder & Hadas Zazon Deutsch, 2023. "Quantifying industrial strategies across nine OECD countries," OECD Science, Technology and Industry Policy Papers 150, OECD Publishing.
    • Handle: RePEc:oec:stiaac:150-en
    DOI: 10.1787/5f2dcc8e-en
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