{"id":119180,"date":"2024-01-22T22:22:24","date_gmt":"2024-01-22T21:22:24","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/119180\/"},"modified":"2024-11-07T05:02:53","modified_gmt":"2024-11-07T04:02:53","slug":"industrial-policy-for-a-sustainable-growth-path-wwwforeurope-policy-paper-no-13","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/119180\/","title":{"rendered":"Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-119180","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Industrial policy is back on the agenda and the consensus is that it must be different \"this time\" from the past. We redefine industrial policy for industrialised countries as a strategy to promote \"high-road competitiveness\", understood as the ability of an economy to achieve \"Beyond-GDP\"' Goals. High-road strategies are based on advanced skills, innovation, supporting institutions, ecological ambition and an activating social policy. This \"new industrial policy\" is systemic, working in alignment with other policy strands and supporting social and environmental goals; it affects the structure of the economy as the whole not only the manufacturing sector. Short-term actions, such as protecting employment in unviable companies, low prices for fossil fuels, or reducing wages in high-income economies are counterproductive. To pursue an industrial policy that targets society''s ultimate goals without public micromanagement will be challenging. It could be achieved 1. by setting incentives, particularly those impacting on technical progress (e.g., to make it less labour-saving and more energy-saving), 2. by the use of the important role governments play in the education and research sectors, 3. by greater public awareness and 4. if consumer preferences will call for socio-ecological transition.","onlinedate":"2014-06-10 02:00:00","lang":"English","publication_series":"WWWforEurope: Welfare, Wealth and Work for Europe","publication_date":"20140601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"33","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":353104,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3491],"collaboration":"","persons":[4383],"persons_data":"[{\"personId\":4383,\"personName\":\"Karl Aiginger\",\"organisationNames\":[]}]","clients":[10692,10704,10722,32851],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_bookanthology rendering_apa rendering_bookanthology_apa\\\"><span>Aiginger, K.<\\\/span> (2014). <span><em>Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13<\\\/em><\\\/span>. (WWWforEurope: Welfare, Wealth and Work for Europe). WIFO. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47261\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/47261<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_bookanthology rendering_vancouver rendering_bookanthology_vancouver\\\"><span>Aiginger K<\\\/span>. <span class=\\\"title\\\"><span>Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13<\\\/span><\\\/span>. WIFO; 2014.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{020441fe1a3448a58d1d6139e435f483,<\\\/div><div>  title     = \\\"Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13\\\",<\\\/div><div>  abstract  = \\\"Industrial policy is back on the agenda and the consensus is that it must be different {\\\"}this time{\\\"} from the past. We redefine industrial policy for industrialised countries as a strategy to promote {\\\"}high-road competitiveness{\\\"}, understood as the ability of an economy to achieve {\\\"}Beyond-GDP{\\\"}' Goals. High-road strategies are based on advanced skills, innovation, supporting institutions, ecological ambition and an activating social policy. This {\\\"}new industrial policy{\\\"} is systemic, working in alignment with other policy strands and supporting social and environmental goals; it affects the structure of the economy as the whole not only the manufacturing sector. Short-term actions, such as protecting employment in unviable companies, low prices for fossil fuels, or reducing wages in high-income economies are counterproductive. To pursue an industrial policy that targets society''s ultimate goals without public micromanagement will be challenging. It could be achieved 1. by setting incentives, particularly those impacting on technical progress (e.g., to make it less labour-saving and more energy-saving), 2. by the use of the important role governments play in the education and research sectors, 3. by greater public awareness and 4. if consumer preferences will call for socio-ecological transition.\\\",<\\\/div><div>  author    = \\\"Karl Aiginger\\\",<\\\/div><div>  note      = \\\"Industrial Policy for a Sustainable Growth Path\\\",<\\\/div><div>  year      = \\\"2014\\\",<\\\/div><div>  month     = jun,<\\\/div><div>  language  = \\\"English\\\",<\\\/div><div>  series    = \\\"WWWforEurope: Welfare, Wealth and Work for Europe\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_bookanthology rendering_ris rendering_bookanthology_ris\\\"><p>TY  - BOOK<\\\/p><p>T1  - Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13<\\\/p><p>AU  - Aiginger, Karl<\\\/p><p>N1  - Industrial Policy for a Sustainable Growth Path<\\\/p><p>PY  - 2014\\\/6<\\\/p><p>Y1  - 2014\\\/6<\\\/p><p>N2  - Industrial policy is back on the agenda and the consensus is that it must be different \\\"this time\\\" from the past. We redefine industrial policy for industrialised countries as a strategy to promote \\\"high-road competitiveness\\\", understood as the ability of an economy to achieve \\\"Beyond-GDP\\\"' Goals. High-road strategies are based on advanced skills, innovation, supporting institutions, ecological ambition and an activating social policy. This \\\"new industrial policy\\\" is systemic, working in alignment with other policy strands and supporting social and environmental goals; it affects the structure of the economy as the whole not only the manufacturing sector. Short-term actions, such as protecting employment in unviable companies, low prices for fossil fuels, or reducing wages in high-income economies are counterproductive. To pursue an industrial policy that targets society''s ultimate goals without public micromanagement will be challenging. It could be achieved 1. by setting incentives, particularly those impacting on technical progress (e.g., to make it less labour-saving and more energy-saving), 2. by the use of the important role governments play in the education and research sectors, 3. by greater public awareness and 4. if consumer preferences will call for socio-ecological transition.<\\\/p><p>AB  - Industrial policy is back on the agenda and the consensus is that it must be different \\\"this time\\\" from the past. We redefine industrial policy for industrialised countries as a strategy to promote \\\"high-road competitiveness\\\", understood as the ability of an economy to achieve \\\"Beyond-GDP\\\"' Goals. High-road strategies are based on advanced skills, innovation, supporting institutions, ecological ambition and an activating social policy. This \\\"new industrial policy\\\" is systemic, working in alignment with other policy strands and supporting social and environmental goals; it affects the structure of the economy as the whole not only the manufacturing sector. Short-term actions, such as protecting employment in unviable companies, low prices for fossil fuels, or reducing wages in high-income economies are counterproductive. To pursue an industrial policy that targets society''s ultimate goals without public micromanagement will be challenging. It could be achieved 1. by setting incentives, particularly those impacting on technical progress (e.g., to make it less labour-saving and more energy-saving), 2. by the use of the important role governments play in the education and research sectors, 3. by greater public awareness and 4. if consumer preferences will call for socio-ecological transition.<\\\/p><p>M3  - Study<\\\/p><p>T3  - WWWforEurope: Welfare, Wealth and Work for Europe<\\\/p><p>BT  - Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13 - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/119180\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Policy for a Sustainable Growth Path. 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