Quantifying industrial strategies across nine OECD countries

Industrial policy has resurfaced prominently in academic and policy discussions in the wake of major shocks and long-term trends. However, quantifying industrial strategies across countries remains difficult. The 'Quantifying Industrial Strategies' (QuIS) project measures industrial policy...

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Bibliographic Details
Main Author: Criscuolo, Chiara
Other Authors: Díaz, Luis, Lalanne, Guy, Guillouet, Louise
Format: eBook
Language:English
Published: Paris OECD Publishing 2023
Series:OECD Science, Technology and Industry Policy Papers
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:Industrial policy has resurfaced prominently in academic and policy discussions in the wake of major shocks and long-term trends. However, quantifying industrial strategies across countries remains difficult. The 'Quantifying Industrial Strategies' (QuIS) project measures industrial policy expenditures by gathering and harmonising publicly available data, based on a new methodology. This report summarises the composition of industrial strategies in the first nine participating countries in terms of expenditures, priorities, and policy instruments for the period 2019-21. The report finds that industrial policies are sizeable, with 1.5% of GDP in grants and tax expenditures, and with an important heterogeneity across countries in terms of strategic priorities; industrial strategies mainly rely on sectoral instruments, representing on average 29% of grants and tax expenditures; and green instruments are important and rose significantly in six out of nine countries between 2019 and 2021
Physical Description:52 p. 21 x 28cm