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Industrial policy for growth
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Industrial policy for growth

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: closed (30 November 2019) | Viewed by 46618

Special Issue Editors

Prof. Patrizio Bianchi

E-Mail Website
Guest Editor
Department of Economics and Management, University of Ferrara, Ferrara, Italy
Interests: industrial policies; European policies; international economics; economic development
Prof. Kuchiki Akifumi

E-Mail Website
Guest Editor
College of Bioresource Sciences, Department of International Development Studies,Nihon University, Tokyo, Japan
Interests: industrial cluster policy
Special Issues, Collections and Topics in MDPI journals
Prof. Sandrine Labory

E-Mail Website
Guest Editor
Department of Economics and Management, University of Ferrara, Ferrara, Italy
Interests: industrial economics and policy: industrial policy as a long-term vision of industrial development; production organisation and clusters; innovation policy at regional and national levels; firm organisation and market structure

Special Issue Information

Dear Colleagues,

The global economy is currently undergoing a Fourth Industrial Revolution caused by new technologies including the Internet of Things and Artificial Intelligence. Some central and local governments target innovation, using the measures of University Industry Linkages, and National Innovation Systems or Regional Innovation Systems. Industrial policy in a narrow sense means the dynamic theory of market failures, or the theory of infant industry protection. This Special Issue is devoted to not only industrial policy in a narrow sense but also industrial policy in a broader sense; it is necessary to enlarge this perspective with reference to the new industrial policy related to the creation of a proper environment for development, and in particular policies for education and research, that are the pillars of growth. Industrial policy is a set of instruments to favour the structural change of complex productive organizations.

Topics cover industrial policy, industrial agglomeration, industrial clusters, and sustainable development relating to all aspects of growth. We welcome original research articles in practice and theory, including those on spatial economics, management theory, and the analysis of regional policies for favouring the insertion of territories in the global value chain evolution.

Prof. Patrizio Bianchi
Prof. Kuchiki Akifumi
Prof. Sandrine Labory
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. Please refer to https://www.mdpi.com/journal/economies/apc for Article Processing Charge (APC). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Industrial agglomeration, industrial clusters, sustainable development
  • The Fourth Industrial Revolution, Internet of Things, Artificial Intelligence
  • Innovation, university–industry linkages, National Innovation Systems or Regional Innovation Systems, education and research policies
  • The role of governments, the theory of infant-industry protection
  • Spatial economics, models of management theory

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Published Papers (6 papers)

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Research

15 pages, 1186 KiB  
Article
On ‘Economies of Sequence’ in the Architectural Theory of Agglomeration: A Case of the Kyoto Tourism Industry
by Akifumi Kuchiki
Economies 2020, 8(1), 15; https://doi.org/10.3390/economies8010015 - 24 Feb 2020
Cited by 4 | Viewed by 4941
Abstract
This paper focuses on an architecture-based theory of agglomeration. An agglomeration is composed of a number of segments such as physical infrastructure facilitation including airports and stations. ‘Economies of sequence’ can be defined as the sequencing of the segments toward the efficient building [...] Read more.
This paper focuses on an architecture-based theory of agglomeration. An agglomeration is composed of a number of segments such as physical infrastructure facilitation including airports and stations. ‘Economies of sequence’ can be defined as the sequencing of the segments toward the efficient building of an agglomeration. The main three findings are as follows: first, foreign nationals from Kansai International Airport Granger-cause the number of tourists to Kyoto Prefecture, foreign nationals from Kansai International Airport Granger-cause the number of foreign tourists to Kyoto City, and passengers at JR Kyoto Station Granger-cause the number of tourists to Kyoto City; second, the number of foreign tourists Granger-causes revenues in the tourism industry in the cases of Malaysia, the United States of America, and China; and third, the promotion of the tourism industry to redevelop Kyoto station mall in 1997, the “Kyoto Winter Special” campaign in 2003, and the global “Travel & Leisure” destination SNS (social networking service) promotion in 2015 were effective in building the segments of a tourist agglomeration. In conclusion, the economies of sequence of the segments of a tourism industry agglomeration are as follows: the first priority is to reduce transportation costs for tourists through the renovation of airports and stations, and the next segments for enhancing the level of cultural elements are a branding strategy through the promotion of the tourist industry by campaigns and projects using social network systems. Full article
(This article belongs to the Special Issue Industrial policy for growth)
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13 pages, 5011 KiB  
Article
CPEC’s Utility and Concerns under OBOR Initiative: A Pakistani Industrial Perspective
by Ghulam Abbas, Zhiming Liu, Shahbaz Hassan Wasti, Uzma Munir and Muhammad Abbas
Economies 2019, 7(3), 90; https://doi.org/10.3390/economies7030090 - 4 Sep 2019
Cited by 8 | Viewed by 10906
Abstract
This study emphasizes the utility and concerns of China Pakistan Economic Corridor (CPEC) on various sectors of Pakistan’s economy through the lens of real stakeholders. Specifically, this study focuses on three aspects: the beneficiary of CPEC; CPEC’s effects on employment, GDP, foreign direct [...] Read more.
This study emphasizes the utility and concerns of China Pakistan Economic Corridor (CPEC) on various sectors of Pakistan’s economy through the lens of real stakeholders. Specifically, this study focuses on three aspects: the beneficiary of CPEC; CPEC’s effects on employment, GDP, foreign direct investment and personal income in Pakistan; and the concerns regarding Pakistan’s sovereignty. A qualitative research approach was adopted to explore the objectives of the study. To analyze these aspect, in-depth interviews from different Pakistan’s business community are conducted. Our study finds that CPEC will not only beneficial for both Pakistan and China, but also for other neighbouring countries in the region. To validate these findings, interviewee’s data is analyzed in the light of semantic analysis approach. Our study illustrates that, the development along the corridor will produce employment opportunities that will raise the income level of a common person of Pakistan, and the industrial growth in Pakistan through CPEC will have a positive effect on the country’s GDP. Our study also concludes that CPEC doesn’t pose any threat to Pakistan’s sovereignty. The stakeholders of CPEC are concerned over the intentions of Pakistan government; that need to be clarified. This research study also suggests the maximum benefits out of this mega venture. Full article
(This article belongs to the Special Issue Industrial policy for growth)
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22 pages, 371 KiB  
Article
Industrial Policy in the EU and Its Neighbourhood: Learning from Policy Experimentation
by Maximilian Benner
Economies 2019, 7(2), 44; https://doi.org/10.3390/economies7020044 - 10 May 2019
Cited by 8 | Viewed by 7538
Abstract
Newer approaches of industrial policy that focus on catalytic and facilitating interventions of government have become a rivalling model to neoclassical laissez-faire approaches. Inspired by the success stories of East Asian newly industrialised economies (NIEs), newer approaches advocate a more experimental policy stance. [...] Read more.
Newer approaches of industrial policy that focus on catalytic and facilitating interventions of government have become a rivalling model to neoclassical laissez-faire approaches. Inspired by the success stories of East Asian newly industrialised economies (NIEs), newer approaches advocate a more experimental policy stance. Newer industrial policies, including the concept of the “entrepreneurial state”, call upon governments to play a catalytic and facilitating role in increasing innovation and, thus, economic growth. During the past three decades, countries have experimented with some of these new approaches, and so has the European Union (EU). Currently, two major policy frameworks of the EU, Horizon 2020 and smart specialisation, shape the European approach to industrial policy and are gaining in importance for enlargement and neighbourhood countries, too. At the same time, these countries outside the EU have pursued their own experiments in industrial policy. The article argues that to better understand what contributes to the success or failure of industrial policies, learning from experiences made both by the EU and its neighbours is valuable. The article draws conclusions from three countries in the EU’s neighbourhood, Israel, Tunisia, and North Macedonia. In particular, the article examines the role EU approaches and programs, such as smart specialisation or Horizon 2020, can play in anchoring more entrepreneurial industrial policies in enlargement and neighbourhood countries and addresses problems to be expected when governments are to engage in policy experimentation. Full article
(This article belongs to the Special Issue Industrial policy for growth)
22 pages, 3783 KiB  
Article
Analysis of the Effect of Industrial Transformation of Resource-Based Cities in Northeast China
by Gaolan Hou, Zhou Zou, Tianran Zhang and Yue Meng
Economies 2019, 7(2), 40; https://doi.org/10.3390/economies7020040 - 8 May 2019
Cited by 22 | Viewed by 6585
Abstract
Based on the development of the industrial structure of prefecture-level resource-based cities in Northeast China, this paper selects three indicators of industrial structure—diversification, rationalization and upgrading—conducting empirical analysis on the transformation of the industrial structure of these resource-based cities. The effects of the [...] Read more.
Based on the development of the industrial structure of prefecture-level resource-based cities in Northeast China, this paper selects three indicators of industrial structure—diversification, rationalization and upgrading—conducting empirical analysis on the transformation of the industrial structure of these resource-based cities. The effects of the industrial transformation of resource-based cities of the same kind are analysed and the development of industrial structure in different provinces is compared. It indicates that the transformation process and adjustment effect of the industrial structures in resource-based cities of Northeast China were different and were not very satisfactory on the whole and the secondary industry was still the leading industry in most cities. In addition, the article analyses the impact of the industrial transformation on the economic growth of resource-based cities in Northeast China. It can be concluded that the rationalization and upgrading of industrial structure generally promoted the cities’ economic growth. The promotion of industrial structure rationalization was greater than that of upgrading. In order to promote the sustainable development of resource-based cities’ economy in Northeast China and solve problems in the process of the cities’ development, two suggestions are proposed. One is to pay attention to the rational development of the industrial structure, so it is necessary to strengthen the overall planning of resource-based cities in the Northeast region, promote regional coordination and rationally arrange and adjust the industrial structure from the overall scope of the region. Another is to continue to promote the process of industrial structure upgrading by introducing high-tech industries through preferential policies and to develop relevant industries based on the advantages of the cities, instead of just extending the original industry. Full article
(This article belongs to the Special Issue Industrial policy for growth)
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15 pages, 1139 KiB  
Article
Tourism Industry and Economic Growth Nexus in Beijing, China
by Yang Songling, Muhammad Ishtiaq and Bui Thi Thanh
Economies 2019, 7(1), 25; https://doi.org/10.3390/economies7010025 - 25 Mar 2019
Cited by 25 | Viewed by 8735
Abstract
In the developing economy, tourism is the most visible and steadiest growing facade. Tourism is considered one of the rapidly increasing elements for economic development from the last two decades. Therefore, the proposed study used vector autoregression (VAR) model, error correction model (ECM), [...] Read more.
In the developing economy, tourism is the most visible and steadiest growing facade. Tourism is considered one of the rapidly increasing elements for economic development from the last two decades. Therefore, the proposed study used vector autoregression (VAR) model, error correction model (ECM), and the Granger causality to check the relationship between the tourism industry and economic growth based on the data of the Beijing municipal bureau of statistics from 1994 to 2015. Gross domestic product (GDP) is used as a replacement variable for the economic growth index, while internal tourism revenue is used as a tourism industry indicator. The study supports the tourism-led growth hypothesis proposed in the existing literature in a different survey of tourism and economic development. The results show that there is a strong relationship in the tourism industry and economic growth in the context of Beijing, and at the same time, tourism creates a more significant increase in long run local real economic accomplishments. The results of the VAR model confirm that in the long run, Beijing’s economic growth is affected by domestic tourism, while the ECM model shows unidirectional results in the short term. Similarly, there is a one-way causal relationship between the tourism industry and economic growth in Beijing, China. The empirical results are in strong support of the concept that tourism causes growth. Full article
(This article belongs to the Special Issue Industrial policy for growth)
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19 pages, 1996 KiB  
Article
Examining the Causal Relationship between Tourism and Economic Growth: Spillover Index Approach for Selected CEE and SEE Countries
by Tihana Škrinjarić
Economies 2019, 7(1), 19; https://doi.org/10.3390/economies7010019 - 12 Mar 2019
Cited by 23 | Viewed by 7038
Abstract
Debate on tourism-led growth and growth-led tourism is still ongoing today, with much research done for developed countries and those which are popular tourist destinations over the world. Surprisingly, the research is scarce for the Central and Eastern European (CEE) and South and [...] Read more.
Debate on tourism-led growth and growth-led tourism is still ongoing today, with much research done for developed countries and those which are popular tourist destinations over the world. Surprisingly, the research is scarce for the Central and Eastern European (CEE) and South and Eastern European (SEE) countries. The contribution of this research is examining the dynamic relationship between spillovers of tourism growth and economic growth for CEE and SEE countries for the first time in the literature. The methodology used in the study (spillover indices) allows for estimating the dynamic relationship throughout rolling indices. Based upon monthly data (with different time spans depending upon availability of data, from January 2000 to January 2003 until December 2017, i.e., October 2018), the following countries were in focus: Bulgaria, Croatia, Czech Republic, Hungary, Poland, Slovenia and Slovakia. Results from dynamic rolling spillover indices indicate mixed results for all of the countries throughout the sample. Dynamic results enable policymakers from individual countries to focus on specifics of their economies to develop even better policies in order to achieve best possible results regarding the tourism growth and related economic growth. Full article
(This article belongs to the Special Issue Industrial policy for growth)
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