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.
Enterprise Papers No 12, 2003
Eur-Op catalogue n° NB-AE-03-012-EN-C