Template-type: ReDIF-Paper 1.0
Author-Name: Farla, Kristine
Author-Email: farla@merit.unu.edu
Author-Workplace-Name: UNU-MERIT / MGSOG, Maastricht University
Title: Industrial policy for growth
Abstract: This study distinguishes between industrial policy that stimulates
	 incumbent industry development, `pro-business policy', and industrial
	 policy that promotes the development of free markets, `pro-market
	 policy'. We find that there is a positive relation between the level of
	 countries' implementation of these policies. However, we find opposite
	 effects of pro-business and pro-market policies when estimating the
	 policy effect on growth and income level. Pro-business policy has a
	 positive effect on economic development, and pro-market policy has a
	 negative effect on economic development. 
Classification-JEL: L50, O11, O25, O43
Keywords: Industrial Policy, Industrial Development, Economic Development,
	 Economic Growth 
Series: UNU-MERIT Working Papers
Creation-Date: 2012
Number: 2012-039
File-URL: https://unu-merit.nl/publications/wppdf/2012/wp2012-039.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2012039