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About this product
- DescriptionGovernments around the world are deeply divided about the proper role of industrial policy, with some politicians arguing for hands-off governance and others supporting government intervention to promote national champions -- firms that receive government support for both political and ecomic reasons. In this volume, prominent ecomists present the pros and cons of government support for national champions. The contributors use the rigor of ecomic models in their studies, offering a quantitative perspective that complements and extends existing qualitative studies, and focus on issues emerging from the European Union's substantial degree of market integration. Many arguments in favor of champions-promoting policies are made in a dynamic context, so the book first presents chapters that take a dynamic ecomy view, then presents chapters that examine the political ecomy of the decision process, and finally, offers classical static equilibrium arguments. The richness of the different models provides a deeper understanding of industrial policy than could any model alone. What becomes clear from these different perspectives nevertheless is that it is difficult to make a general case in favor of policies promoting national champions on purely ecomic grounds and that these policies are best understood in political terms.
- Author BiographyOliver Falck is Senior Researcher at the Ifo Institute for Economic Research at the University of Munich. Christian Gollier is Professor of Economics at the University of Toulouse. Ludger Woessmann is Professor of Economics at the University of Munich and Head of the Department of Human Capital and Innovation at the Ifo Institute for Economic Research.
- PublisherMIT Press Ltd
- Date of Publication09/08/2011
- SubjectManagement & Business: General
- Series TitleCESifo Seminar Series
- Place of PublicationCambridge, Mass.
- Country of PublicationUnited States
- ImprintMIT Press
- Content Note22 figures, 6 tables
- Weight454 g
- Width152 mm
- Height229 mm
- Spine11 mm
- Edited byChristian Gollier,Ludger Woessmann,Oliver Falck
- Interest AgeFrom 18
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