Economic Analysis of Industrial Policy

Economic Analysis of Industrial Policy

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Description

Intended for upper-level graduate students and professionals interested in industrial policy in general, and particularly in post-war Japan, this book is written by four prominent Japanese economists. A preliminary step for building a general theoretical framework for analyzing industrial policies, it achieves this goal by analyzing industrial policies in terms of economic theory, discussing the various frameworks suitable for evaluating these industrial policies in an objective manner, and by determining which policy measures are appropriate if an industrial policy is to be implemented.
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Product details

  • Hardback | 282 pages
  • 160 x 236 x 26mm | 685g
  • Academic Press Inc
  • San Diego, United States
  • English
  • references, index
  • 0123757355
  • 9780123757357

Table of contents

What is industrial policy? postwar Japanese industrial policy - an historical overview. Part 1 Industrial promotion and trade: industrial policy and changing industrial structure; theories of infant industry protection - an overview; industrial set-up costs and Marshallian externalities; scale economies and information; choice of industrial structure and economic welfare. Part 2 Oligopolistic control of an international market: strategic behaviour and Nash equilibrium; international redistribution of monopoly rents; strategic entry deterring behaviour and entry assistant policy; strategic intervention in international competition - significance and limitations. Part 3 Welfare implications of strategic competition in oligopolistic industries: the concept of competition - an evaluation; economic implications of entry restriction policies; investment competition and economic welfare - a reconsideration of the concept of "excessive competition". Part 4 Research and development investment: characteristics of technical knowledge and incentives for research and development; traditional theory of research and development and under-investment; research and development competition and excess investment introduction ; market structure and research and development - innovation, improvement, and imitation; research and development and industrial policy - with special reference to research and development associations. Part 5 Further problems in formulation of future industrial policy: problems related to industrial adjustment policies; internationalization of the economy and industrial policies.
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