Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/315666 
Year of Publication: 
2025
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 22 [Issue:] 1 [Year:] 2025 [Pages:] 118-134
Publisher: 
Edward Elgar Publishing, Cheltenham
Abstract: 
The European Union (EU) and Germany were already being confronted with rapidly changing dynamics on the economic, ecological, and technological terrains prior to the Covid-19 crisis. The pandemic, however, has fully exposed critical global value chain (GVC) dependencies, jeopardising the already troubled automotive industry. By employing a historical-institutional and a pre- and post-Covid-19 industrial policy analysis, this article finds that, despite previous attempts, it was during the height of the pandemic that the implementation of green and digital industrial policy gained significant political support in Germany and the EU. In this context, there is an increased relevance of vertical industrial policy, which is geared towards the 'twin transition', partly altering the primarily horizontal industrial policy framework manifested in the post-Maastricht period.
Subjects: 
vertical industrial policy
automotive industry
Covid-19
geopoliticised competition
'twin transition'
JEL: 
L5
L62
O38
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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