Publication:
Is There Still A Role for Direct Government Support to Firms in Developing Countries?

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dc.contributor.authorMcKenzie, David
dc.date.accessioned2023-12-12T17:07:10Z
dc.date.available2023-12-12T17:07:10Z
dc.date.issued2023-12-12
dc.description.abstractShould governments in developing countries directly support firms with policies such as grants, subsidized loans, and training and consulting programs, or should they instead just aim to enact sensible regulatory and macroeconomic policies and not attempt to engage in industrial policy While industrial policy has gained renewed attention in developed economies, it faces considerable skepticism in developing countries scarred by previous experiences and facing limited fiscal space. This paper discusses the rationale for government involvement, and then lessons from a recent research agenda in development economics on how to target these programs, on whether they induce firms to undertake additional activities, on avoiding political capture, and on how these interact with competition. This work shows that these policies can deliver some of their promised benefits, but that there is still much to learn and the need for systematic and serious attempts at prospective impact evaluation as new policies are launched.en
dc.identifierhttp://documents.worldbank.org/curated/en/099601212052338958/IDU0b34e6a2d01a52049ec09e66091587f19bc5e
dc.identifier.doi10.1596/1813-9450-10628
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40721
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10628
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFIRM SUPPORT
dc.subjectINDUSTRIAL POLICY
dc.subjectGREEN GROWTH AGENDA
dc.subjectIMPACT EVALUATION
dc.subjectSUBSIDIZED LOANS
dc.subjectMACROECONOMIC POLICY
dc.titleIs There Still A Role for Direct Government Support to Firms in Developing Countries?en
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleIs There Still A Role for Direct Government Support to Firms in Developing Countries?
okr.date.disclosure2023-12-05
okr.date.lastmodified2023-12-05T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099601212052338958/IDU0b34e6a2d01a52049ec09e66091587f19bc5e
okr.guid099601212052338958
okr.identifier.docmidIDU-b34e6a2d-1a52-49ec-9e66-91587f19bc5e
okr.identifier.doi10.1596/1813-9450-10628
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10628
okr.identifier.externaldocumentum34208602
okr.identifier.internaldocumentum34208602
okr.identifier.reportWPS10628
okr.import.id2503
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099601212052338958/pdf/IDU0b34e6a2d01a52049ec09e66091587f19bc5e.pdfen
okr.topicIndustry::Industrial Economics
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.unitDECRG: Finance & Priv Sec Devt (DECFP)
relation.isAuthorOfPublication148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isAuthorOfPublication.latestForDiscovery148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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