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The Inflation Reduction Act (IRA), passed under the Biden administration in August 2022, is the biggest US climate bill to date. Its focus on subsidy-driven decarbonization incentives marks a potential turning point in US industrial policy and might prevent its repeal under the upcoming Trump...
Persistent link: https://www.econbiz.de/10015202296
This paper discusses a possible case for industrial policy, with special reference to the two emerging global giants, China and India. It begins with a clarification of the meaning of industrial policy, since not only does the term mean different things to different people, but the traditional...
Persistent link: https://www.econbiz.de/10010369497
increases wage inequality but leads to greater production in developing countries. I study a Brazilian innovation program that … taxed the leasing of international technology to subsidize national innovation. I show that the program led firms to replace …
Persistent link: https://www.econbiz.de/10014301985
We show that the exposure to war-related violence increases the quantity of children temporarily, with permanent negative consequences for the quality of the current and previous cohorts. Our empirical evidence is based on Nepal, which experienced a ten year long civil conflict of varying...
Persistent link: https://www.econbiz.de/10012140920
In this paper we look at the economic development of Sub-Saharan Africa (SSA) in the context of structural transformation. We use Hidalgo et al.'s (2007) concept of product space to show the evolution of the region's productive structure, and discuss the opportunities for growth and...
Persistent link: https://www.econbiz.de/10010281709
An extensive literature argues that India's manufacturing sector has underperformed, and that the country has failed to industrialize; in particular, it has failed to take advantage of its laborabundant comparative advantage. India's manufacturing sector is smaller as a share of GDP than that of...
Persistent link: https://www.econbiz.de/10010286537
Adequate policy space is essential for resource-rich countries to move up the value chain and seize the opportunities presented by global decarbonization and the demand for low-carbon technologies. However, WTO rules, investment and free trade agreements (FTAs) deprive nonhegemonic powers of the...
Persistent link: https://www.econbiz.de/10015331433
issues, the US must shift toward a more sustainable and valueadded economy with a focus on innovation and investment in high …
Persistent link: https://www.econbiz.de/10014581744
I study the effect of an innovation subsidy on the growth of firms in a developing country. Using administrative … microdata for Brazil and difference-in-differences, I find that innovation subsidies drive firm growth by facilitating firm … innovation subsidy, firms issue more patents, expand their workforce, and diversify their product line. However, these patents …
Persistent link: https://www.econbiz.de/10014480727
Today, countries around the world are seeking "smart" innovation-led growth, and hoping that this growth is also more … public policy in the economy - not only funding the "rate" of innovation, but also envisioning its "direction." It requires a … distribution of "risks and rewards." To approach the innovation challenge of the future, we must redirect the discussion, away from …
Persistent link: https://www.econbiz.de/10010513032