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Soft budget constraints and regional industrial policy: Reinterpreting the rise and fall of De Lorean

Brownlow, Graham - 2014

The rise and fall of De Lorean Motor Cars Limited (DMCL) has been traditionally interpreted as the result either of John De Lorean´s psychological flaws or as confirming the supposedly inherent weaknesses in activist industrial policy. However, when the episode is examined in more detail,...

Persistent link: https://www.econbiz.de/10010421086

A myth of soft budget constraints in socialist economies

Popov, Vladimir V. - 2020

Most of the time the budget constraints in the socialist economies were harder than in developing countries and no less hard than in developed countries. The soft budget constraints (SBC) in socialist economies were not pervasive, as most authors believe, but selective, i.e. involved...

Persistent link: https://www.econbiz.de/10012692744

Productive Development Policies in Latin America and the Caribbean: The Case of Mexico

Baz, Veronica; Capelo, Maria Cristina; Centeno, Rodrigo; … - 2010

While Mexico has potential to grow rapidly, its economic growth has remained low for the past three decades. There is no consensus on the country's development path or on how to achieve specific goals. Since the policy debate remains ideological and lacks pragmatism, productive development...

Persistent link: https://www.econbiz.de/10010328212

Industrial policy in practice: Africa's Presidential Investors' Advisory Councils

Page, John - 2014

Recent writing on industrial policy stresses the need for coordination between the public and private sectors. This paper examines the performance of one such coordination mechanism, Presidential Investors' Advisory Councils, in Ethiopia, Senegal, Tanzania, and Uganda. It finds that the councils...

Persistent link: https://www.econbiz.de/10010494237

Public-Private Collaboration on Productive Development Policies in Costa Rica

Cornick, Jorge; Jimenez, Jorge; Román, Marcela - 2014

Public-private collaboration in productive development policy in Costa Rica frequently takes the form of policy co-governance: an autonomous institution in charge of policy for a particular economic sector is created, with a board of directors comprising representatives from both the public and...

Persistent link: https://www.econbiz.de/10011314118

Institutions and Asia's development: The role of norms and organizational power

Khan, Mushtaq H. - 2018

The role of institutions in Asian development has been intensely contested since Myrdal's Asian Drama, with later … agree about the institutions that matter nor do they explain why similar institutions delivered such different results … across countries. Cultural norms and informal institutions clearly matter but the appropriate norms did not already exist in …

Persistent link: https://www.econbiz.de/10011943937

Place-based industrial policies and local agglomeration in the long run

Incoronato, Lorenzo; Lattanzio, Salvatore - 2024

This paper studies a place-based industrial policy (PBIP) aiming to establish industrial clusters in Italy in the 1960s-70s. Combining historical archives spanning one century with administrative data and leveraging exogenous variation in government intervention, we investigate both the...

Persistent link: https://www.econbiz.de/10015077813

Place-Based Industrial Policies and Local Agglomeration in the Long Run

Incoronato, Lorenzo; Lattanzio, Salvatore - 2024

Persistent link: https://www.econbiz.de/10015165674

Back to the failure: An analytic narrative of the De Lorean debacle

Brownlow, Graham - 2014

in the rewards associated with industrial policy, and the fact that the objectives of the institutions implementing the …

Persistent link: https://www.econbiz.de/10010409469

The long-term impact of religion on social capital: lessons from post-war Czechoslovakia

Mikula, Stepan; Reggiani, Tommaso; Sabatini, Fabio - 2023

We exploit a historical experiment that occurred in Czechoslovakia after World War Two to study the drivers of social capital accumulation in an extremely unfavorable environment. Between 1945 and 1948, the Sudetenland became the scene of ethnic cleansing, with the expulsion of nearly three...

Persistent link: https://www.econbiz.de/10014325128