Article in Journal
Chapter 4: Industrial policy
Lars Calmfors, Giancarlo Corsetti, Michael P. Devereux, Gilles Saint-Paul, Hans-Werner Sinn, Jan-Egbert Sturm, Xavier Vives
CESifo Group Munich, Munich, 2008
in: EEAG Report on the European Economy 2008, 105-124
CESifo Group Munich, Munich, 2008
in: EEAG Report on the European Economy 2008, 105-124
This chapter argues against using industrial policy to protect European firms from international competition because of the long-run costs that are likely to arise. Industrial policy should be horizontal rather than sector-based and it should be located mainly at the regional and EU level, but cut back at the national level.
Included in
EEAG Report on the European Economy 2008
Lars Calmfors, Giancarlo Corsetti, Michael P. Devereux, Gilles Saint-Paul, Hans-Werner Sinn, Jan-Egbert Sturm, Xavier Vives
CESifo Group Munich, Munich, 2008
CESifo Group Munich, Munich, 2008