Theory Of Industrial Policy Research Articles

Research on the integration level measurement and optimization path of industrial chain, innovation chain and service chain

The contemporary scientific and technological revolution and industrial transformation are accelerating an overall industrial evolution. The integration of industrial, innovation, and service chains (three-chain) has become an important measure for countries around the world for assessing and enhancing international competitiveness. Based on regional economic theory, industrial policy theory, and synergy theory, this study constructs an evaluation index to measure three-chain integration. A model to measure the degree of synergy among the three chains of the composite system is applied using sample data from Zhenjiang, China from 2012 to 2020. The relevant results are threefold. (1) The three chains of Zhenjiang are at a low level of synergy, which exhibits a downward trend. (2) The industrial chain's degree of synergy is the lowest, and must assume more responsibility for addressing the low three-chain integration level. (3) When examining the integration of any two chains, the integration level of the industrial and innovation chains is the highest. Finally, combined with the research results, optimization paths are proposed to promote three-chain integration. This research contributes to the field by integrating industrial, innovation, and service chains into a comprehensive research framework, constructing a universally applicable evaluation index system to empirically test the level of three-chain integration, and proposing optimal paths to provide scientific methods and decision-making reference to advance three-chain research.

Technological development of industrial regions: The ecosystem approach

Providing effective industrial management is a complex task that can be resolved through a qualitative analysis of the state of the controlled object. The article assesses the influence of the Industrial Development Fund as a key financial institution of the RF industrial policy on technological development of regional industrial ecosystems. The methodological basis of the study was the theory of industrial policy and ecosystems, as well the concept of a technological hierarchy; the methods applied are functional, logical-structural and comparative analysis. The empirical base includes 634 companies engaged in the processing sector of industrially developed regions (Sverdlovsk, Chelyabinsk, Samara, Yaroslavl, Nizhny Novgorod oblasts, Perm krai, and the Republics of Tatarstan and Bashkortostan). The research timeframe is from 2015 to 2019, which was due to the adoption of the Federal Law no. 488-FZ “On the industrial policy of the Russian Federation” of December 31, 2014. In contrast to the works based on the traditional sectoral approach, the object of analysis is industrial ecosystems structured in accordance with the hierarchy of system and component technologies. The dynamics of fixed-asset turnover for the studied period is used as a universal indicator of technological development of regional industrial ecosystems. In the study, we identify an industrial ecosystem having several cores, which are 3 system technologies and 17 corresponding component technologies. Having analyzed the technological focus of the projects supported by the Industrial Development Fund, we found that fixed-asset turnover has a positive trend in those regions enjoying system state support for technological development projects implemented by companies participating in the ecosystem. This confirms the hypothesis that the adjustment of instruments for the technological development of industrial policy should receive special attention, while taking into account the intensifying ecosystem effects in the industrial spheres of the economy.

Industrial policy-making after COVID-19: Manufacturing, innovation and sustainability

This article critically analyses the opportunities for Australia to revitalise its strategically important manufacturing sector in the wake of the COVID-19 pandemic. It considers Australia’s industry policy options on the basis of both advances in the theory of industrial policy and recent policy proposals in the Australian context. It draws on recent work from The Australia Institute’s Centre for Future Work examining the prospects for Australian manufacturing renewal in a post-COVID-19 economy, together with other recent work in political economy, economic geography and labour process theory critically evaluating the Fourth Industrial Revolution (i4.0) and its implications for the Australian economy. The aim of the article is to contribute to and further develop the debate about the future of government intervention in manufacturing and industry policy in Australia. Crucially, the argument links the future development of Australian manufacturing with a focus on renewable energy. JEL Codes: L50; L52; L78; O10; O13: O25; O44; P18; Q42

Industrial Policy in the 21st Century

ABSTRACTIndustrial policy is back at the centre stage of policy debate, while the world is undergoing dramatic transformations. This article contributes to the debate by developing a new theory of industrial policy, incorporating some issues that have been neglected so far and taking into account the recent changes in economic reality. The authors explore how the incorporation of some of the neglected issues — commitments under uncertainty, learning in production, macroeconomic management (especially demand management), and conflict management — changes the theory. They then examine how the theory of industrial policy should be modified in light of recent changes in economic reality: the rise of the global value chain, financialization and new imperialism. This contribution aims at promoting a pragmatic approach to industrial policy and pointing to new areas for policy intervention in a changing world.

Сучасні теорії та концепції промислової політики в західній науковій літературі

The topic of industrial policy is one of the most discussed during Ukrainian modern economic history time and even nowadays we see lack of theoretical bachground for current industrial policy decissions. The chapter was prepared using statements, journal articles, and terms from original publications acourding to the topic review in foreign European and American scientific literature. The main purpose of the article is to wrap up analytics of theory and evolutional concepts for industrial policy practice and to show the wide variety of definitions for industrial policy, its scope, objectives, instruments, and forms of intervention. Nowadays we see renewed interest to theory of industrial policy in developed countries and in Ukraine as well. Article information is followed by review terms politics/policy and effectiveness/efficiency, definitions of industrial policy, aims of industrial policy discribed in western scientific literature and core instruments. In this respect, two approaches to industrial policy have been elaborated: sectoral and horizontal, and some other classifications of industrial policy, arguments in favour and against governmental intervensions actively using instruments of industrial policy. Article in particular reviews theories – new industrial policy, knowledge-based and systemic industrial policy, factor of innovations. An extensive discussion of the consequences of a policy aimed at the improving competitiveness of domestic industry allows for the presentation of a wide range of short- and long-term effects of traditional industrial policy. So that we could come to conclusion that industrial policy-making process is highly discussed in scientific literature by researches from many countries and there is no one vision. Each country could select type and approach to policy that fit it`s tradition and further society goals.

The political economy of industrial policy: Structural interdependencies, policy alignment and conflict management

Industrial policy is back in the mainstream debates. The paper provides a long-term analytical perspective of the industrial policy debate, and it critically assesses the current mainstream phase of the debate in light of three fundamental theoretical insights that developed along several decades of industrial policy theory and practice. These are related to the (i) structural interdependencies, tensions and dualism arising in the industrialisation process; (ii) variety and types of institutions for industrialisation and the importance of policy alignment; (iii) conflict management role of the government, alongside his entrepreneurial function, and the importance of government organisational capabilities. Building on this theoretical analysis, the last section of the paper provides a framework for the strategic coordination of packages of interactive industrial policy measures. The Policy Package Matrix is introduced as an operationalisation of the framework and a tool for effective industrial policy making.

Neoliberalism, Democracy, and Development Policy in Brazil

This paper offers a political economy analysis of the two systems of accumulation in the postwar Brazilian economy: import-substituting industrialisation (ISI) and new liberalism, and the industrial policies associated with them. The transition between these two systems of accumulation from the early 1980s to the mid-1990s is reviewed in the light of the country’s key macroeconomic indicators and the political developments which have determined the choice and implementation of economic policy in each period. It is argued that, despite their significant achievements, both ISI and new liberalism were implemented unevenly and inconsistently, and that their shortcomings can be analysed at two levels: internal micro- and macro-economic limitations preventing these development strategies from achieving their stated aims, and external limitations imposed by social conflicts during each period of time. The paper concludes, first, that industrial policies are closely associated with specific state structures, economic constraints, and political configurations which can be analysed only concretely (there can be no general theory of industrial policy, and there is no ‘optimum path’ of accumulation under late development). Second, each system of accumulation is limited by a distinctive set of historically specific economic and political constraints, which set limits to its potential development. Third, and precisely for these reasons, industrial policy is irreducibly political and context-specific.

Schumpeterian perspectives on innovation, competition and growth

Conception.- Innovation, competition, and growth: Schumpeterian ideas within a Hicksian framework.- The technology evolving culture: character and consequence.- Motivation, innovation and co-ordination.- A micro-meso-macro perspective on the methodology of evolutionary economics: Integrating history, simulation and econometrics.- Modelling.- Product variety, competition and economic growth.- A dual economy model of endogenous growth with R&D and market structure.- Technological change and the vertical organization of industries.- Evolutionary micro-dynamics and changes in the economic structure.- The microfoundations of business cycles: an evolutionary, multi-agent model.- Technological progress and inequality: an ambiguous relationship.- Empirics.- Labor market institutions and industrial performance: an evolutionary study.- Renascent entrepreneurship.- Growing like mushrooms? Sectoral evidence from four large European economies.- Diversity in innovation and productivity in Europe.- Heterogeneity of innovation strategies and firm performance.- New business formation, growth, and the industry lifecycle.- Division of labor and division of knowledge: A case study of innovation in the video game industry.- Policy.- Policies for a new entrepreneurial economy.- Entrepreneurial state: The schumpeterian theory of industrial policy and the East Asian "Miracle".- Promoting innovation and competition with patent policy.- Reinforcing the patent system? Effects of patent fences and knowledge diffusion on the development of new industries, technical progress and social welfare.- The structure and the emergence of essential patents for standards: Lessons from three IT standards.