IDEAS home Printed from https://ideas.repec.org/p/ris/eibpap/2006_002.html
   My bibliography  Save this paper

Industrial policy in Europe in the 20th century

Author

Listed:
  • Foreman-Peck, James

    (University of Cardiff)

Abstract

This survey outlines the characteristics and drivers of the phases of European industrial policy over the last century and attempts some conclusions about policy impacts. The first liberal phase and the second, ultimately autarkic, phase were ended by war. The third phase terminated with the oil price shocks of the 1970s at the high tide of interventionism. These shocks, and the associated economic growth retardation, contributed to the financial stringencies in the fourth phase that eventually prompted both privatisation policies and more modest policy aspirations. The historical record is consistent: policies that encouraged openness to trade and investment, by creating an environment favourable to competition, also enhanced industrial productivity.

Suggested Citation

  • Foreman-Peck, James, 2006. "Industrial policy in Europe in the 20th century," EIB Papers 2/2006, European Investment Bank, Economics Department.
  • Handle: RePEc:ris:eibpap:2006_002
    as

    Download full text from publisher

    File URL: http://www.eib.org/attachments/efs/eibpapers/eibpapers_2006_v11_n01_en.pdf#page=38
    File Function: Full text
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nicholas Crafts, 2013. "Long-Term Growth in Europe: What Difference does the Crisis Make?," National Institute Economic Review, National Institute of Economic and Social Research, vol. 224(1), pages 14-28, May.
    2. Christian Grabas & Alexander N├╝tzenadel, 2013. "Industrial Policies in Europe in Historical Perspective," WWWforEurope Working Papers series 15, WWWforEurope.
    3. Nikolaos Zahariadis, 2010. "State Aid and Partisan Government in the European Union," Social Science Quarterly, Southwestern Social Science Association, vol. 91(2), pages 436-454.

    More about this item

    Keywords

    industrial policy; history; Europe;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:eibpap:2006_002. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Polyxeni Kanelliadou). General contact details of provider: http://edirc.repec.org/data/ceeiblu.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.