Using a strategy of export-led growth and an activist industrial policy, Japan, the Asian Tigers and more recently China have attained high rates of economic growth. Export-led growth has taken over the status as model for developing countries' economic development from the formerly prevailing...

Cluster policy has gained remarkable prominence in regional and sectoral structural policy in industrialized countries. Instead of compensating for weaknesses it focuses on strengths in the local and regional economic structure. In Germany, handing out regional development funds in competitions...

The industrial policy of a country can be seen as a combination between two different areas of play: the room allowed for by the international economic community, and the achievements of the domestic policy-makers, also in view of the preferences of the domestic voters. This approach calls for...

This study distinguishes between industrial policy that stimulates incumbent industry development, `pro-business policy', and industrial policy that promotes the development of free markets, `pro-market policy'. We find that there is a positive relation between the level of countries'...

The Energy and Greenhouse Gas (GHG) Target Management System (TMS) is one of South Korea’s major instruments to achieve national energy policy as well as GHG reduction targets. The TMS was introduced in the late 1990s, focusing on energy only and aiming to reduce the level of South Korea’s...

We provide novel evidence showing product scope dynamics within a firm is an important dimension of productivity growth. This channel is identified by leveraging the gradual dismantling of an Indian regulation that “reserved” hundreds of products for manufacture in the small-scale sector....

Indonesia has come a long way in improving its tax system over the last decade, both in terms of revenues raised and administrative efficiency. Nonetheless, the tax take is still low, given the need for more spending on infrastructure and social protection. With the exception of the natural...