The Return of Industrial Policy in Data
IMF Working Papers, January 4, 2024
Source details
- Canonical URL
- The Return of Industrial Policy in Data
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Bibliographic details
- Authors: Simon Evenett, Adam Jakubik, Fernando Martín, Michele Ruta
- Published: January 4, 2024
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400260964.001
Dataset and purpose
- Introduces the New Industrial Policy Observatory (NIPO) dataset.
- NIPO is intended to be a publicly available resource to help monitor the evolution and effects of industrial policies.
Key empirical findings (2023)
- The recent wave of new industrial policy activity is primarily driven by advanced economies.
- Subsidies are the most employed instrument.
- Trade restrictions on imports and exports are more frequently used by emerging market and developing economies.
- Strategic competitiveness is the dominant motive governments give for these measures.
- Other objectives such as climate change, resilience and national security are on the rise.
Econometric and exploratory analysis
- Implemented measures are correlated with the past use of measures by other governments in the same sector, pointing to the tit-for-tat nature of industrial policy.
- Domestic political economy factors and macroeconomic conditions correlate with the use of industrial policy measures.
Subject and keywords (as listed)
- Subject: Export subsidies, Exports, Financial institutions, Imports, International trade, Securities, Technology
- Keywords: Asia and Pacific, Central Asia, Data, Export subsidies, Exports, Global, Imports, Industrial Policy, NIPO database, North America, policy activity, Policy instrument, policy measure, policy tool, Securities, South Asia, Trade Policy
Content in this bundle
- Working Paper