Industrial policy in the economic literature: Recent theoretical developments and implications for EU policy
- Lluis Navarro, European Commission.
Enterprise Papers No 12, 2003<br/>Eur-Op catalogue n° NB-AE-03-012-EN-C<br/>EN <br/><br/><br/>Economic theory on “industrial policy” is not to be found in a single and coherent body of work. This can be partly explained by the difficulty of economists to agree on a definition of the concept of industrial policy. However, the last decade has seen a strong resurgence of literature in a series of areas closely linked to industry such as innovation, economic growth, technological progress, entrepreneurship or public policy.
At the risk of oversimplification, this paper attempts to provide a brief overview of the main ideas from this recent literature and its policy implications.