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Abstract: In this article we suggest an institutional economic approach to classifying government policies, thus offering suggestions to improve the expected outcomes of government policy as well. We elaborate the… Click to show full abstract
Abstract: In this article we suggest an institutional economic approach to classifying government policies, thus offering suggestions to improve the expected outcomes of government policy as well. We elaborate the argument for industrial policy-government policy to directly influence investment and resource allocation decisions by private companies. By adopting dimensions for industries that are stable over time, we can suggest which policies are suitable for which industries.
Keywords:
policy;
policy institutional;
economic framework;
framework assessment;
institutional economic;
industrial policy
Journal Title: Journal of Economic Issues
Year Published: 2020
Link to full text (if available)
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Journal Title: Journal of Economic Issues
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!