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dc.contributor.authorRiess, Arminen_US
dc.contributor.authorVälilä, Timoen_US
dc.date.accessioned2011-04-13T09:08:35Z-
dc.date.available2011-04-13T09:08:35Z-
dc.date.issued2006en_US
dc.identifier.citationEIB Papers 0257-7755 11 2006 1 10-34en_US
dc.identifier.urihttp://hdl.handle.net/10419/44864-
dc.description.abstractRecognising and discussing the elusiveness of industrial policy as a distinct policy concept, this paper argues against what probably is the most extreme type of so-called 'vertical' industrial policy, that is, support for national or European champions. It also critically reviews the rationale for one of the economically most appealing so-called 'horizontal' industrial policies, that is, support for research and development. Although not disputing that there is a rationale for such support, we reason that it is not as strong as commonly assumed. In this context, we find that while competition is key for spurring innovation and growth, there is room for industrial policy - interestingly enough, not so much to encourage firms to extend the technological frontier, but to catch up with it. The paper also previews the other contributions to this volume of the EIB Papers.en_US
dc.language.isoengen_US
dc.subject.ddc330en_US
dc.subject.stwIndustriepolitiken_US
dc.subject.stwEU-Staatenen_US
dc.titleIndustrial policy: a tale of innovators, champions, and B52sen_US
dc.typeArticleen_US
dc.identifier.ppn515648302en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:EIB Papers, European Investment Bank (EIB)

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