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http://hdl.handle.net/10419/44858
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| Title: | | Coordination of industrial policy in the European Union  |
| Authors: | | Baldwin, Richard Martin, Philippe J. |
| Issue Date: | | 2006 |
| Citation: | | [Journal:] EIB Papers [ISSN:] 0257-7755 [Volume:] 11 [Year:] 2006 [Issue:] 1 [Pages:] 134-157 |
| Abstract: | | Spillovers from national industrial policies can cause helpful or harmful competition among policy makers and helpful or harmful interactions among the targeted industries. As a result, it is not in general possible to say whether industrial policy coordination is good or bad. However, reaching agreement at the EU level on any type of policy - trade policy, monetary policy or industrial policy - is costly in terms of time, information, and political goodwill. The contrast between the vagueness of the benefits of coordination and the surety of the decision-making costs suggests that the EU has no need to set up a new institutional structure for coordinating industrial policy. In the few cases where the merits of coordination are obvious, such as public spending on R&D, they will be obvious to all and ad hoc cooperation will work. |
| Document Type: | | Article |
| Appears in Collections: | | EIB Papers, European Investment Bank
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