Publication:
Industrial Policy, Information, and Government Capacity

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dc.contributor.authorMaloney, William F.
dc.contributor.authorNayyar, Gaurav
dc.date.accessioned2017-05-23T22:28:55Z
dc.date.available2017-05-23T22:28:55Z
dc.date.issued2017-05
dc.description.abstractGovernments are resource and bandwidth constrained, and hence need to prioritize productivity-enhancing policies. To do so requires information on the nature and magnitude of market failures on the one hand, and government’s capacity to redress them successfully on the other. The paper reviews perspectives on vertical (sectoral) and horizontal (factor markets, cluster) policies with an eye to both criteria. It first argues that the case for either cannot be made on the basis of the likelihood of successful implementation: for instance, educational and picking the winner types of policies both run the risks of capture and incompetent execution. However, the profession has been able to establish more convincing market failures for horizontal policies than for vertical policies. Most of the recent approaches to identifying failures around particular goods, the paper argues, are of limited help. Hence, for a given difficulty of execution, the former are generally to be preferred. A second critical message is that improving the quality of governance in terms of collecting information, coordination ability, and defending against capture is critical to successful implementation of productivity policies and should be central on the policy agenda.en
dc.identifierhttp://documents.worldbank.org/curated/en/345771494517558184/Industrial-policy-information-and-government-capacity
dc.identifier.doi10.1596/1813-9450-8056
dc.identifier.urihttps://hdl.handle.net/10986/26735
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8056
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINDUSTRIAL POLICY
dc.subjectMARKET FAILURES
dc.subjectGOVERNMENT FAILURES
dc.subjectGOVERNANCE
dc.subjectCAPTURE
dc.titleIndustrial Policy, Information, and Government Capacityen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/33273 Journal article version
okr.crossref.titleIndustrial Policy, Information, and Government Capacity
okr.date.disclosure2017-05-11
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/345771494517558184/Industrial-policy-information-and-government-capacity
okr.guid345771494517558184
okr.identifier.doi10.1596/1813-9450-8056
okr.identifier.doihttps://doi.org/10.1596/1813-9450-8056
okr.identifier.externaldocumentum090224b084b66c28_1_0
okr.identifier.internaldocumentum27448601
okr.identifier.reportWPS8056
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/345771494517558184/pdf/WPS8056.pdfen
okr.statistics.combined2343
okr.statistics.dr345771494517558184
okr.statistics.drstats1796
okr.topicGovernance::National Governance
okr.topicPrivate Sector Development::Competition Policy
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicPrivate Sector Development::Private Sector Economics
okr.unitEquitable Growth, Finance and Institutions Global Practice Group
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