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Industrial Policy and Downstream Export Performance

  • Autores: Bruce A. Blonigen
  • Localización: Economic journal, ISSN 0013-0133, Vol. 126, Nº 595, 2016, págs. 1635-1659
  • Idioma: inglés
  • Texto completo no disponible (Saber más ...)
  • Resumen
    • Industrial policies ( IPs) are commonly used by countries to promote targeted sectors but may have significant impacts on downstream sectors. Using a new hand-collected database of steel-sector IP use in major steel-producing countries, I find that IP use is quite harmful to downstream sectors. A 1 standard deviation increase in steel IP presence leads to a 1.2% decline in export competitiveness for the average downstream manufacturing sector in the first few years of its application, and a 6% decline for downstream sectors that use steel most intensively. These results are largely driven by the less-developed countries in my sample. [ABSTRACT FROM AUTHOR]


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