Industrial policy: a systemic and structural New-Shumpeterian vision
Abstract
This article develops a neo-Schumpeterian vision of industrial policy, trying to overcome the focuses worked by the conventional economic theory. It shows the inadequacy of the distinction suggested by the approaches that privilege the horizontal dimension and the ones that plead a selective conception of the industrial politics. The state intervention in the innovations dynamics of the industry should be, simultaneously, systemic and structural, privileging the state action in the systemic interdependences that are specific in relation to the different industries. Like this being, the systemic industrial policy involves options, whose definition depends on the peculiar requirements of competitiveness of the effective and desired industrial structure.
JEL Classification: L52; B52.
Keywords: Industrial policy neo-Schumpeterian analysis innovation competition