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Industrial policy and the great divergence

Juhasz, Reka and Steinwender, Claudia (2023) Industrial policy and the great divergence. CEP Discussion Papers (CEPDP1949). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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We discuss recent work evaluating the role of the government in shaping the economy during the long 19th century, a practice we refer to as industrial policy. We show that states deployed a vast variety of different policies aimed at, primarily, but not exclusively, fostering industrialization. We discuss the thin, but growing literature that evaluates the economic effects of these policies. We highlight some fruitful avenues for future study.

Item Type: Monograph (Discussion Paper)
Official URL:
Additional Information: © 2023 The Author(s)
Divisions: Economics
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD2329 Industrialization
JEL classification: L - Industrial Organization > L5 - Regulation and Industrial Policy
N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations
N - Economic History > N4 - Government, War, Law, and Regulation
N - Economic History > N6 - Manufacturing and Construction
Date Deposited: 24 Jan 2024 17:30
Last Modified: 16 May 2024 12:32

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