## The Return of Industrial Policy in Data

_IMF Working Papers, January 4, 2024_

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**Canonical URL:** [The Return of Industrial Policy in Data](https://www.imf.org/en/publications/wp/issues/2023/12/23/the-return-of-industrial-policy-in-data-542828)

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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

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### 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

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## Content in this bundle

- **Working Paper**
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_Source: https://www.imf.org/en/publications/wp/issues/2023/12/23/the-return-of-industrial-policy-in-data-542828_