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Industrial Policy for National Champions
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Industrial Policy for National Champions

Oliver Falck, Christian Gollier, and Ludger Woessmann

Abstract

Governments around the world are deeply divided over 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 economic reasons. This book gathers together economists who present the pros and cons of government support for national champions. The contributors test industrial policy for national champions by using the rigor of economic models, offering a quantitative perspective that complements and extends existing qualita ... More

Keywords: hands-off governance, government intervention, economic models, quantitative perspective, qualitative studies, European Union, market integration, political economy, static equilibrium

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780262016018
Published to MIT Press Scholarship Online: August 2013 DOI:10.7551/mitpress/9780262016018.001.0001

Authors

Affiliations are at time of print publication.

Oliver Falck, editor

Christian Gollier, editor

Ludger Woessmann, editor

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Contents

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I Introduction

1 Arguments for and against Policies to Promote National Champions

Oliver Falck, Christian Gollier, and Ludger Woessmann

II Analyses in Dynamic Settings

3 National Champions and Economic Growth

Kathy Fogel, Randall Morck, and Bernard Yeung

4 Subsidizing National Champions: An Evolutionary Perspective

Cécile Aubert, Oliver Falck, and Stephan Heblich

III Political-Economy Analyses

IV Analyses in Static Settings

7 National Champions under Credit Rationing

Christian Gollier, and Bruno Jullien

End Matter